Tuesday, March 23, 2010

Trying To Understand

Globes reports that
Discount Investment concluded the year with impressive results and profit growth, thanks to handsome profits by Koor from its investment in Credit Suisse, as well as from Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL), Shufersal Ltd. (TASE:SAE), and other companies. During 2009, Discount Investment distributed NIS 1.67 billion in dividends, giving a dividend yield of more than 26%. Discount Investment will distribute a dividend of NIS 270 million on April 21.
and then
Discount Investment's share price fell 3.4% by mid-afternoon today.

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