AZIMUTH Technologies Ltd. is firstly a stock that is starting to move upwards on Tel Aviv Stock Exchange so I bought a small amount. It is also a world leader in target acquisition, fire coordination, navigation, and orientation solutions for defense. Azimuth’s solutions are used by artillery, armor, mortar, intelligence, special forces and mounted infantry units. The systems deliver added value in combat training and mission debriefing. Azimuth products are in wide use in the Israeli Defense Forces.
95% of the stock is owned by Shlomi Reisman who was my officer in one very nice miluim service, near Tzfat, in a beautiful pine forest. He was very friendly and explained what he was doing, and blasted the Army as we all did. He just had buyers from a foreign army visiting Israel and he could not be with them because he was called into reserve service, as we all had been, to do ... almost nothing. We were guarding a Hawk battery near Tzfat. He was then just building up the business.
The company is consistently losing money but there are rumors that the next report will be good, with announcements of new orders. Well, lets hope the best, wars are forever and military suppliers have their prosperity well assured...So I am buying this thing.