Saturday, September 25, 2010
Buy Bank HaPoalim Stock ?
Bank Hapoalim (LSE: 80OA; TASE: POLI) is expected to pay a dividend of 1 billion shekels. Chairman Yair Seroussi said, "The bank's policy of distributing 50% of profits has not changed, but after the bank made losses in 2008 we need to receive approval for the Bank of Israel." My estimate is that each dollar invested today in Poalim will pay a dividend of 0.10 to 0.20 $ around May 2011. Disclaimer: I may be wrong (my estimate is based on the information that the profits of the bank are 9% on its capital, and it has been accumulating profits for THREE years). Life is uncertain. We will all surely die. Money is no salvation, money is unimportant. Nothing really is. Look at the pic of founders and ask yourself: Why? Why hats? למה כובה?