An interview with Abba Horwitz of Old School Partners was featured as part of our new subscription newsletter, Israel Opportunity Investor. You can find out more about the company and the opportunities we cover at www.israelnewsletter.com
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Tell us a little about yourself and your fund.
Abba Horwitz, Portfolio Manager: We started started Old School Partners in March of 1999. Since then, we’ve compounded a net return to investors of around 19%. We’re running the fund for the most part from Israel. With a junior partner, I’m managing roughly $60 million.
What’s your philosophy?
AH: We focus primarily on the small to midcap world. We apply a value approach. Basically, we’re looking for two things. We’re looking for value where there is a clear catalyst to unlock this value or cheap growth with value undiscovered, on the cusp of coming out. Unfortunately, I’m not a big commodity buff and have not been riding this current wave.
Can you give us a couple of examples of some successes you’ve had? (Continue »)
Aaron Katsman
IsraelNewsletter.com
With the 4th of July approaching, IOI would like to present a couple of Israeli stocks for your Independence day celebration. As you make the final preparations for your bar-b-que, after buying the hamburgers and the beer, you may consider doing some research and adding these 2 Israeli stocks to your shopping list.
Check Point Software Technologies (CHKP), which is the global leader in internet security, has started focusing on selling higher priced products. The company also just received an upgrade from Lehman Brothers.
According to the AP report: “Israel Hernandez said the Internet security software company is now selling higher-priced branded items and unveiling new products, and he added that demand will remain strong because security is a priority to Check Point’s customers. He said the Redwood City, Calif. company should report strong revenue growth in the next few quarters as it begins selling more appliances.”
He raised his price target to $30, which is more than 25% higher than the current price. We recently speculated as to the potential of Check Point takeover. Even Barron’s followed our lead, and wrote a similar piece. Some of our readers thought that we were spot on and some thought we were nuts. Vote here to let us know what you think.
Shares in ClickSoftware Technologies (CKSW) provider of workforce and service management software products and solutions, have been pounded over the last year. While the company has had a couple of recent earnings misses, they still have the potential to achieve 20-25% revenue growth for ‘08, and recently reiterated their guidance. Keep in mind that this is a micro-cap stock so investors should be able to withstand the volatility associated with ClickSoftware. For investors looking for a Micro-cap turnaround story with a leading technology, you may want to do some research on ClickSoftware.
Happy 4th!
Disclosure: Author’s fund has a position in CHKP and CKSW. He has no position in any other stock mentioned as of 6/30/08.
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Aaron Katsman is Managing Editor of the Israel Opportunity Investor newsletter. He is lead portfolio manager for the Israel Growth Portfolio and Managing Director of America Israel Investment Associates, LLC. For more information, go to www.israelnewsletter.com or call 1-888-327-6179, or email aaron@profile-financial.com.
ClickSoftware (CKSW), was January’s Stock of the Month as part of our new subscription newsletter, Israel Opportunity Investor. You can find out more about the product and the opportunities we cover at www.israelnewsletter.com
As part of our January edition, we also published an interview with Pointer Telocation’s Chairman. The stock is up 10% in just 5 days.
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Background
ClickSoftware Technologies (Nasdaq: CKSW) provides workforce management and service optimization solutions. ClickSoftware’s Service Optimization Suite provides an integrated solution for optimized decision making used throughout organizations. Over 100 customers in telecommunications, utilities, financial services, aerospace use the company’s products. It markets its solutions via a direct and indirect sales force into North America, Europe and the Asia Pacific Region.
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Written by: Israel Investor Newsletter | November 18, 2007
Zack Miller
www.israelnewsletter.com
ClickSoftware (Nasdaq: CKSW), the Israeli provider of mobile workforce management and service optimization tools, announced on Friday that two energy companies signed deals with the firm to provide “ClickSoftware’s ServiceOptimization Suite to improve work forecasting, resource planning, and scheduling of natural gas and electric transmission and distribution field work crews”.
See IsraelNewsletter’s Aaron Katsman recent coverage of CKSW’s earnings.
Disclosure: Author’s fund has a position in any CKSW as of 11/18/2007.
