Does Israel have any good stocks to invest in?
There are tons of good Israeli stocks trading here, here i just a short list of a few: American Israeli Paper Mills Ltd. (AIP), which trades on the American Stock Exchange, has a very high yield of 15.2%, according to what was reported on the company’s financials for 2006, and with a conversion rate of $1=NIS 4.155. The dividend has been very erratic, and has fluctuated significantly. Although dividends have been paid for the last 15 years, it appears that they haven’t been paid every year. The company manufactures, and markets numerous types of paper, and paper products. The stock has a very high price earnings ratio of 472, and a price sales ratio of 1.82. The stock is very illiquid. Formula Systems (1985) Ltd. (FORTY), which trades on the NASDAQ, develops, and sells information technology solutions, and services to large corporations. The stock has a yield of 8.3%, based on last year’s annual dividend payment. It has a very short dividend track record. It has a P/E of 20.8, and a P/
