Monday, September 27, 2010
Never a Dull Moment
Watch the clip about Gvaot Olam oil prospecting partnership's special meeting. I like the part where Luskin (the American investor) calls one the partners "Ben Belial (son of the devil), Amalek (the Biblical enemy of Israel)". This is a company who searches for oil in Israel following the late Lubavitcher Rabbi's directions. Yesterday, its shares lost 25% of their worth. They found oil and much gas, but it is not commercially exploitable.
Bezeq paid out a nice dividend. I am collecting Bank HaPoali, shares hoping for a large dividend in May 2011. The Shekel is strengthening and the dollar inflating rapidly. American real estate is becoming cheap, many Israeli developers are buying in New York. I am doing it through a Discount company - the one that is building in Las Vegas a megalomaniac phantasy hotel.