Israel Opportunity Investor News Roundup 4/3/2008

Written by: Zack Miller | April 3, 2008

It’s been a busy week for Israel investors. For those subscribers to our new subscription newsletter, Israelsuccess.jpg Opportunity Investor, they’ve seen one portfolio company, Gilat Networks (GILT), announce an acquisition for a premium. While we hate to brag and say “we told you so”, well, we told you so. Read more about how merger arbitrage investors might look at this deal.

We saw CFO musical chairs this week with the Gilat CFO moving over and joining another portfolio holding, Check Point Software (CHKP). While we’re on the topic of Check Point, we wrote recently about a Barron’s article that mentioned that Check Point could be an acquisition candidate. We’ve hear your remarks and invite you to give your opinion. Will donkeys fly before this happens or for the right price, will Check Point give it up. You make the call.

Forbes sees value in Israel real estate and has ranked it the top “up and coming” location globally. The financial publication sees 2008 as a very tough market for real estate but sees Israel as a bright spot for global investors

We also saw the first introduction of a true Israel ETF (ESI). You can read our run-down of what we think of the iShares product here.

IOI Portfolio company and Israel geothermal, clean energy play, Ormat (ORA), lands another Nevada deal.

The US Army is looking to invest in Israel water technology. Seemingly, the US Army invests sizable amounts in private equity and one of its funds is on the prowl looking to invest in Israel water technology companies. Read more.

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