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Technology Stocks : ESLTF (Elbit Systems Ltd) an Israelian arms manufacturer

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To: James J. Franklin who wrote (31)3/31/1998 12:26:00 AM
From: Use Solar NRG  Read Replies (2) of 45
 
Elbit seems to fit his description, I agree as regards products and services - but, what of his statements about rate of earnings growth? I can't reconcile that one.

Since this stock is also listed on the TelAviv exchange (TASE), I wrote TASE for info, and received a nice booklet about all the Israeli stocks traded abroad. In this booklet are tables of fin'l data on all these companies. For Elbit, Operating Income for '94 to '96 is stated as: $34.3 million, 29.2, and 23.1. Hardly what I would call "...earnings growing 33% from year to year"!

I did find the name of one Israeli stock broker that was following ESLTF, Sahar Securities & Investments; they were mentioned in a Reuters story last August 11. But I haven't been able to find a postal address, email address or phone number for this firm. Anyone have any friends in Israel that could track this company down for us?

Sunny
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