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To: Todd D. Wiener who wrote (884)	2/19/1998 8:35:00 PM
From: leisuresports	Respond to of 886

OFF TOPIC - To Todd and the other members of this thread; as I have gained a lot from reading this thread, and I especially appreciate the information that Todd shares with all of us I am using this space in this now nearly defunct thread to share what appears to me to be a very good investment. Elbit Medical Systems (EMITF) is an Israeli holding company that today trades for about $7.50/share. Last Friday the company announced that it was selling its wholly owned subsidiary, Diasonics, to GE Medical for $230 million in cash which amounts to more than $10/share for each share of EMITF. In addition, EMITF owns 55% of Elscint which trades on NYSE as ELT and adds another $3.50 or so per share of value to EMITF. I believe the company has approximately $40 million in debt and it also has some other subsidiaries. It seems to me that this company is insanely undervalued. I came to know about this company because I am in the medical field and I have used Diasonics Ultrasound machines, they are quite well known. Anyway, I bought 1000 shares today for $7.50, and unless I am missing something this has an excellent chance to get to 11-13 in the next two months with very little downside risk. For what its worth, S.R.