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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (31939)10/29/2008 4:46:15 PM
From: Paul Senior  Read Replies (2) of 78714
 
Israeli food importer, [t]WILC[/t]. Not doing well with this value stock. I've upped my losing position a few shares.

This thing looks pretty decent on many value metrics, and I'd consider taking a decent number of shares, but I'm too nervous about foreign markets/Israeli companies/dink companies.

Aug 27 pr:

"Willi-Food ended the quarter with NIS 79.1 million (US $23.6 million) in cash and securities and approximately NIS 14.1 million (US $4.2 million) in short-term debt."

Roughly 10.3M sh. out, so net cash seems to be about $19.4/10.3 = $1.88/sh. At current stock price, you get the profitable business for free, so it seems.

si.advfn.com^WILC

(I note a discrepancy between my cash/sh calc. ($23.6/10.3) and what SI reports $1.36/sh.)
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