Blue Square-Israel Ltd. (ADR) (BSI)
A food retailer & through its supermarkets, the Company offers food & beverages products & also 'Non-Food' items, such as housewares, toys, small electrical appliances, computers & computer accessories, entertainment & leisure products & textile products.
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Rebounding.
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Pretty good value for a consumer staples company with a nice dividend.
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Blue Square Israel operates that country's largest chain of supermarkets. It is traded on the American Stock Exchange as an ADR. While we are loathe to enter the poisonous geopolitical atmosphere of the former Palestine - a nearly 11% dividned is, well a nearly 11% dividend. Not that we are for sale or anything. The stock is at the low end of it's 52 week range and the company is diversifying into other retail businesses. This, of course, is fraught with risk - but there is upside imbedded in the possiblity of buying into the Israeli equivalent of the former glory days of Sears - and like the present Sears, Blue Square has some valuable real estate.
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Although this stock will underpreform the S & P; it is still a good investment. It is not heavily traded ( more on that later), so I would caution you on that. But a nice dividend ( 8.89%) and PE ratio will ease the pain. I pleaded with my broker to buy it and he kept saying..." No, it is not something I would trust in Sandy. It's not heavily traded and it being a retail food stock it won't weather the price increases". Well. Kept after him for a month when it was hovering between 9.6 and 10.5 > Finally stopped hitting my head against the wall. Now, it is at 14.40. Go figure.
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not bad at this price
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Well liked and popular food superstore in foods, drugs and kosher provisions
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As people have to look harder and harder to find values, stocks with low P/E ratios will continue to climb.

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