Elbit Systems Ltd. (ADR) (NASDAQ:ESLT)
The Company develops, manufactures and integrates advanced, high-performance defense electronic and electro-optic systems for customers throughout the world.
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Recs
"will record better results in 2008 than in 2007 and the defence contractor's sales will not be hurt if the U.S. economy slows, its chief executive said on Wednesday."
This is a large Israeli defense contractor developing UAVs for the IDF and worldwide customers. With the prospect of ongoing conflict especially for Israel this company's propects look great.
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I believe defense is still in a bull market. Recently got a boost in finance from the US government. Hopefully got over it's issues in recent years (where they tried to defy US regulations on distribution of military technology to unproved destinations).
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Elbit is Israel's biggest publicly traded defense company.
In a country that is counted in the 5 biggest exporters in this industry this means a lot. Add to this a big domestic market (in the form of the the Israel Defense Forces & Police) and you get a huge market to tap.
Elbit management is very aggressive in pursuing new countries/customers, to this end, Elbit cooperates with various big names (e.g. Boeing, LM, Thales etc.) and/or with local companies at the customer's country.
In addition, Elbit is growing by a proven and successful acquisition strategy into new business areas.
The financials are available, but what you don't read in the filings is the dedication of management to long term steady growth.
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We are in war, this company makes stuff to help people win wars. Everyone wants to win! .Enough said. I'm selling at 53.00
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Had to rate this a go getter stock.
I believe that this stock will outperform.
Will grow quite nicely over the next little well.
Not a huge dividend, but will help with the value of the current stock.
I think it'll hit $70 within 2 years.
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most things look good for the next 6 months. PE is high but has been performing solidly above the S&P the last 6 months.
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solid, thinly traded, makes money, good end of year dividend usually announced, hot business in the middle east
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israel best militery company
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Anti-terror technology co. based in Israel
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Elbit is a leader in security, important for a world less secure as time goes on.
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