Formula Systems (1985) Ltd. (ADR) (NASDAQ:FORTY)

CAPS Rating: 3 out of 5

The Company is a global Information Technology solutions and services company based in Israel. It is engaged in providing software consulting services, developing proprietary software products and providing computer-based business solutions.


Player Avatar dwelllewd (27.92) Submitted: 9/1/2008 7:35:28 AM : Outperform Start Price: $10.68 FORTY Score: +1.82

this is a profitable company, which is increasing its revenue and earnings from continuing ops, that trades well below book value.
The real kicker here is that the enterprise value is less than two times EBITDA

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