Special Report: Strong shekel’s impact on earnings
Written by: Zack Miller | March 10, 2008
This special report on the Israeli shekel appeared 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
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Throughout our research process at Israel Opportunity Investor, we get to spend a lot of time speaking with CEOs and CFOs of Israeli companies. What started as a whisper is now being echoed by industrialists, exporters, and investors. Israeli companies are beginning to feel the impact of a very strong currency. The Israeli shekel has been one of the world’s strongest currencies over the past 2 years and especially, over the last couple of months. Any Israeli exporter, from an orange distributor to high tech, is feeling the pinch of the strong shekel on their bottom line.
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