KOOR

Today I bought more KOOR shares on TASE. KOOR is a Nochi Dankner holding company that owns about 3% of Credit Suisse and 40% of Makhteshim. The stock is very cheap and falling yet I guess it must have about a billion dollars cash and is about to receive two large dividends. KOOR has a policy of paying out large dividends. (BTW, as expected, Bezeq announced a dividend of about 10% net of the market value of the stock. I am not disappointed.). KOOR is suffering from Credit Suisse that lost 30% of its market worth this year and all European banks are being devalued, there is slow motion run on European banks. Yet CS has strong fundamentals and a valuation that is oversold. CS is very profitable and will pay a large dividend. And Makhteshim, as said below, is prospering under Chinese hands (pic) and will pay a large dividend to Koor. I dont see any reason for the panic that seized TASE today. Greece may disappear from the map and make no difference because it generates less than 3% of EU's GNP. The Germans are dreaming it would already.