Elbit Medical Imaging Ltd (NASDAQ:EMITF)
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The Company engages in the fields of initiation, construction, operation, management and sale of commercial and entertainment centers in Israel and in Central and Eastern Europe.
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This is a well managed derversified operation that has interests in medical (and very likely) military application; is very well invested and positioned for further growth as an REIT in the shopping malls, office centers and entertainment complexes in Europe and the mid-east all through an intergrated (horizontal & vertical) system of business affiliates and subsidaries. However, I am concerned that its earnings expectations are ar ahead of it already aggressive efforts towards growth in sales, akin to trying to control your pace while running downhill...
Great investment. They have only a small part of their operations in the medical and military applications. They have passive investment in assorted high tech companies that in summary have great value. Their operations that are the future are in eastern Europe and Inida. They will go anywhere. They partner with local companies and they supply the funding and the general expertise. Where years ago they too3 3 or 4 years to turn over and investment - they are doing some of them in as little as 18 months. They only operate as a trditional REIT with a small part of their operations now. Most of it is buy land - develop a property - sell the property. Sometimes they then develop another property in the surrounding area and make even more money on phase two. The management takes a big cut of the profits - but they are smart and probably deserve it. If you want to hitch your wagon to anyone - to get rich - these are the guys.The price of the stock only shows a small % of the value of this company. Very difficult to figure out the actual value bygoing through their books. My expectation - this will be a 100 dollar plus stock in the next two years.