Sunday, April 29, 2012

Gaon and Water: Disaster

Moshe Gaon, the son of the founder of Gaon Holdings, ceded his place to Erez Meltzer after only one year of his father's death. Gaon Jr. sold assets and invested heavily in the Israeli water industry, and almost bankrupted the company he inherited. Gaon lost 67 million shekel in last 9 months and its bonds are paying 24% (junk bonds). I always said that the "Israeli miracle" water technology is a PR spin and only suckers believe the BS. Irrigation and desalination may be good businesses, but Chinese competition is ferocious. Three billion people may be thirsty but they cannot pay; the developed world is overinvested in this area.

10 comments:

IHTG said...
This comment has been removed by the author.
IHTG said...

OT: Strange story

J said...

The Palestinian is under UN protection. Cannot be fired.

Anonymous said...

Interesting story, IHTG. The "Lehava" people sound like an unpleasant bunch of busybodies. Granted, intermarriage with Arabs is probably a bad idea. But other groups (Europeans, Northeast Asians) are not so bad, and Jews as a group are hardly free of terrible cultural and physical deficiencies that are less pronounced in those groups.

Anonymous said...

Omar sounds like quite the ladies' man. Moslem men are well known for treating their women well (not). I can't imagine any Jewish woman in her right mind going for one. Then again, in the US there is a certain segment of white women (even/esp. Jewish women - Omaba Sr.'s 2nd white (3rd) wife was Jewish) who go for black men despite the very high odds that they will take off. Some kind of masochism, love of the "bad boy", biological attraction to high testosterone, whatever.

K

Anonymous said...

Some kind of masochism, love of the "bad boy", biological attraction to high testosterone, whatever.

There were reasons why the Sultan had his African slaves castrated.

Anonymous said...

The "Lehava" people sound like an unpleasant bunch of busybodies. Granted, intermarriage with Arabs is probably a bad idea.

They also objected to Bar's marriage with Leo DeCaprio. But not too loudly.

Anonymous said...

Bar Refaeli didn't marry DiCaprio. She was only dating him. And thought I'm not a great fan of his, that union wouldn't have been so awful. I doubt Bar cares about Lehava anyway. She doesn't appear to be religious.

Anonymous said...

Bar is better than us.

J said...

Better may be, sexier for sure.