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Jun 30, 2022
the 7th of Cheshvan
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call their bluff and put an end to this
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street survey in Shuk Ramle: what do you think of new elections (video)
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7 Unique Shops in the Old City of Jerusalem (and the AMAZING stories behind them) (video)
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AMAZING HAIFA. German Colony. Summer Walk (video)
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Aaron Razel Featuring David Deor • Shma Israel (video)
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Jun 29, 2022
Unilever caves in Israel
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Jun 28, 2022
Tractor vs Car
very cool
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Elbit Systems Protects Israel and Portfolios
This is the first in a series of articles about Israel-based companies that appear to be a potential investment opportunity. People ask me my opinion when I speak to community and business groups how they can best help Israel and participate in the growth of the startup nation? Always consult your broker, lawyer, and accountant before making investments.
Disclaimer: Please be advised that neither the author or Life in
Israel, its affiliates, its employees or agents accept liability for any
errors, omissions or damages caused by this communication or its
attachments, or which may otherwise arise as a result of
this communication transmission. Dr. Harold Goldmeier, Business Teacher
and Consultant
- Elbit Systems is a small but innovative cutting-edge
designer of high technology military defense weapons and systems it sells
worldwide.
- It is consistently profitable, financially stable,
covers its debt service, and shares are a potential opportunity at the
current price for a 25% gain.
- The stock gets short shrift from analysts and the
media, but the stock is doing better than the defense ETF and the stock
market.
Aigars Reinholds/iStock
via Getty Images
Elbit Systems Ltd. (NASDAQ:ESLT) is an overlooked, undervalued
$8.77B defense contractor based in Israel. Our average price target over the
next 12 months is in the $250 per share range; that's an upside of 25% from the
current price.
Our bullish position extends back
to my article about ESLT two years ago, when I characterized Elbit as
firing on all cylinders.
Killer Weapons
Innovation
Defense
expenditures flew past the $2T mark in 2021. Military expenditures on
average are 5.9% of world gross domestic product. Elbit is well-positioned to
build revenue in the growing essential defense industry.
War is now a
high-tech event, with ground soldiers hiding in forests using computerized
mobile weapons to shoot down enemy aircraft. Nary a rifle was fired in 2021
between Israel and Gaza or since then. Guided missiles are the
tactical weapons of choice, countered by the notable Iron Dome missile defense
umbrella.
Elbit is a
leader, developing the next defense technology, laser systems
for military defense. The market is enormous, in part because it costs $50K for
each Iron Dome Interception missile compared to the $2 per laser-fired defense
beam.
Elbit Systems Ltd. develops airborne, land, and naval systems. On the
commercial side, Elbit has products for homeland security and commercial
aviation applications. The company is expanding its portfolio of innovative
technologies in unmanned aircraft systems, advanced electro-optics, electro-optic
space systems, signal intelligence systems, data links and communications
systems, radios, cyber-based systems, munitions and equipment for cyber
intelligence.
Financial Strength
In May '22, the company reported quarterly earnings for Q1. Its Non-GAAP EPS was $1.22 on a 21.6%
increase in revenue Y/Y. Q1 Non-GAAP gross profit amounted to $333.3M, which is
24.6% of revenues compared to $286.2M (25.6% of revenues) in Q1 '21. Order
backlogs near $14M. Management scheduled ~ 55% of the order backlog to be
performed this year and next.
The financial outlook is good. The P/E is 24.84. There is virtually no
short interest. The shares are not volatile, and we do not foresee any serious
risks to the stock. Growth and profitability appear they will stay positive.
Shares are undervalued. Interest and debt payments are covered. An Israel
rating agency announced in June '22 that ESLT has "a stable outlook."
To read the full article including risks with investing in Elbit,
see https://seekingalpha.com/article/4519782-elbit-systems-inc-will-march-along
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Quote of the Day
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Succos 2021 vs Succos 2030 (video)
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Drake - Falling Back (Extended Version) (video)
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TEL AVIV ISRAEL (not what you would expect) (video)
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Dovid Haziza - Bou Nirkod (Official Music Video)
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Jun 27, 2022
mmmm, farina
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Zionist party
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let's not go to that level
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Quote of the Day
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is it immoral or not?
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Olam Hafuch Raiti
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Jewish Money/ A Week in Poland for $2,000 Visiting the Holy Sites. Is it Worth it? (video)
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Armed & Orthodox - The Tactical Rabbi | Local Legends (video)
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Jewish or Goyish? Judy Gold & Eliot Glazer Decide on Bennifer, Branjelina & More - 2 Jews Choose (video)
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PROMISED LAND. A Walk from The Center of JERUSALEM to The Old City (video)
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Hanan Ben Ari: Hananya (video)
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Jun 26, 2022
Proposed Law: National Service for affirmative action
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Headlines Podcast: 6/25/22 – Shiur 376 – Mechitzas - When do we need one? + Music Part III (a supplement to the previous Shiurim) (audio)
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Palestinians: Are you willing to share the land with the Jews? (video)
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Bardak: Mr Goldblum's Return (video)
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Another DIVINE PLACE in ISRAEL. Kibbutz Bari (Be'eri) and surroundings (video)
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IDF Chief Cantor Shai Abramson - Avinu Shebashamayim, Yerushalayim Melody (video)
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Jun 23, 2022
Tweet of the Day
You asked, we listened.🌭The R&D team hasn't slept all week and now the factory will be cranking out these babies 24/6. Just in time for July 4th!
— Manischewitz (@ManischewitzCo) June 22, 2022
An American tradition your Bubbie will love.#GefilteDogs #GefilteBeef pic.twitter.com/Wtg1mZCAYL
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Y-Studs: Lean On Me/Ani Ma'amin (Official Music Video)
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Jun 22, 2022
Quote of the Day
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Facebook Status of the Day
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Inside Israel's Closed Off Ultra-Orthodox Communities | Foreign Correspondent (video)
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Jewish or Goyish? Abbi Jacobson & Eliot Glazer Decide on the Steelers, MMA, & More - 2 Jews Choose (video)
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Be Heard Episode 2 - Yonatan Kaye - Nissim Black and Rabbi Benzion Klatzko (video)
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JERUSALEM. IDF Soldiers Prepare to Take the Oath at The Wailing Wall (video)
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Barry Sacharoff and Evyatar Banai - Va'Afilu B'Hastara (video)
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Jun 21, 2022
Gantz continues to refuse
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paying for damages
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who can claim kashrut?
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Be Heard Episode 1 - Mendy Brull - Nissim Black and Rabbi Benzion Klatzko (video)
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Josh Peck & Eliot Glazer Decide if Elon Musk, Piercings, & More Are Jewish or Goyish - 2 Jews Choose (video)
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Morocco hosts Israel for historic women’s basketball game (video)
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HAIFA. In Search of Wild Boars. Descending the Lotem River from Mount Carmel (video)
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Ari Hill - garesh et haazvut (video)
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Jun 20, 2022
Bennett's low risk move
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mazel tov
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Proposed law: electric water pumps on Shabbos
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missing young man
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Behind the Bima: Saul Blinkoff (video)
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Israelis: Which is a bigger threat, Palestinians or Iran? (video)
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Israeli Innovations That Changed YOUR Life (video)
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HAIFA TODAY. Spectacular Views from The Carmel Center District. Virtual Walk (video)
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Ruli Dikman: Yesh Lee Tatteh (video)
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Jun 19, 2022
Tweet of the Day
בשבוע האחרון הלכתי לניחום אבלים בירושלים. נכנס מתן כהנא והתיישב לידי.
— אביעד גדות (@aviadgadot) June 18, 2022
העבירו לי כוס מים לתת לו.
לא הייתי מסוגל. מתן הוא ממליך מועצת השורא ומעלה הקרן החדשה לשלטון בהונאה היסטורית. הנחתי את הכוס על השולחן.
מה דעתכם?
This past week I went to pay a condolence call in Jerusalem. Matan Kahane comes in and sits beside me. They passed a cup of water to give to him. I couldn't. Matan has crowned the Shura Council and has brought the New Israel Fund to power in an historic deception. I put the cup down on the table.What do you think?
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let's clean up our public speech
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Headlines Podcast: 6/18/22 – Shiur 375 – “Off MY Derech” (but still “On THE Derech”) – When children turn out more observant - or less observant - than their parents had hoped (audio)
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The Broad Wall (Episode 27) - City of David: Bringing the Bible to Life (video)
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Meni Hollander starts the summer on the beach, but what is he wearing? (video)
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Lenny Solomon Live (video)
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Ani Ma'amina- Chaya Kogan- Kol Isha- For woman and girls (video)
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Jun 16, 2022
Quote of the Day
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Fmr. ambassador David Friedman ahead of Biden visit and special interview (video)
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The Broad Wall (Episode 27) - City of David: Bringing the Bible to Life (video)
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TEL AZEKAH טל אזקה - Season 1 - Episodes 1 & 2 - THE SECRET SITDOWN and The Wake Up Call (video)
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IDF Chief Cantor Shai Abramson - Avinu Shebashamayim and Yerushalayim Melody (video)
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Jun 15, 2022
Book Review: Internment in Britain in 1940
Dr. Harold Goldmeier is an award-winning
entrepreneur receiving the Governor's Award (Illinois) for family investment
programs in the workplace from the Commission on the Status of Women. He was a
Research and Teaching Fellow at Harvard, worked for four Governors, and
recently sold his business in Chicago. Harold is Managing Partner of an
investment firm, a business management consultant, public speaker on business,
social and public policy issues, and taught international university students
in Tel Aviv.
80 million refugees roam the world today. We view all of them through a
political lens, and the language used to label runaways reveals our biases and
defines their treatment.
There are 5 million (good) refugees from the Ukraine. (Bad) illegals flood
America’s southern border. British officers are deporting (bothersome)
displaced persons to Rwanda. 3 million (ignored) Venezuelans seek political
asylum in Columbia. (Pathetic) African Blacks and Middle East Muslims drown and
others enslaved trekking from Africa and Syria. (Dismissed) Afghanis on the run
are just dying.
My father was a German-Jewish (enemy alien) refugee. The Nazis freed him
from Buchenwald around 1940. His mother bought him a visa to Panama. Hitler
expected refugees to be a burden to destination countries. Dad traveled from
Fulda to Hamburg, boarding a boat sailing to Panama. The ship refueled and
resupplied in England. Dad jumped off.
The British interned him in a camp for enemy aliens, Jews and non-Jews,
Orthodox and secular, working men and intellectuals. Interns had to convince
Colonel May that they were not spies. From concentration camp to internment
camp like a summer fling. We visited a cousin who spent her teen years in a
concentration camp. My young son piped up, “I’m going to camp this summer.” We
busted out laughing until my cousin wished he did not go to the same one she
survived.
Now there is a book that tells the rest of the story. Internment in Britain
in 1940: Life and Art Behind the Wire by Ines Newman with Charmain Brinson
& Rachel Dickson (Vallentine Mitchell 2021) fills in the details about the
missing time. They built the book around a diary kept by Newman’s grandfather,
Wilhelm Hollitscher.
Holitscher’s story mirrors that of my father. Neither spoke much about life
in Buchenwald or the British internment camps until the Hollitscher diary was
found. Newman too “knew very little about our grandparents.”
The diary somehow found its way into London’s Weiner Library. It is a
first-hand, invaluable account for understanding how a nation at war protected
civilian refugees. I can hear my father’s voice and imagine life through
Hollitscher’s words and pictures; the days and nights in a refugee camp.
Newman and co-authors wrote Internment after years of extensive research.
The effort let Newman get to know her grandparents she missed growing up. The
book is 126 pages of relatively small font and single-spaced lines. There are
eleven pages of notes and a detailed index. Internment in Britain in 1940: Life
and Art Behind the Wire contributes importantly to the history of German Jews.
The book is in the best traditions of social anthropology. Meade and Benedict
might have praised it. The 20 illustrations about camp life and its colour
plates reproductions add valuable memories.
America closed its borders, refusing asylum to European Jews long before war
broke out. The British were at war and yet gave refuge to German Jews, Aryans,
and Italians. Foreign nationals, that is suspected enemy aliens, were under
arrest until cleared of being spies. They held 25,000 men and 4,000 women at
anyone time.
The interns were “called to appear in front of Aliens’ Tribunals throughout
Britain.” The Tribunals graded each person according to a perceived level of
security risk. Many avoided arrest and internment. America arrested and moved
120,000 citizens of Japanese ancestry, whether US citizens. My friend
Smitherton was one of them, but that is another story. The White Americans
running the war did not have relocation camps for Whites of German ancestry.
Hollitscher describes British camps as livable. Others were vermin-ridden
tents where “British soldiers—and even their officers—helped themselves in
plain sight to the inmates’ possessions.” Conditions were tough in the country.
Britain was at war. Supplies rationed. The country fell into a depression after
Russia collaborated with the Nazis, and the Polish and French militaries
collapsed.
The book offers significant background details, and the diary is
descriptive. Overall, its tone reflects my father’s attitude toward the
British. Some interned Jews believed conditions might be better if certain
guards, officers, and officials were not antisemitic, but it was better for
Jews in Britain than Japanese in the deserts and mountains of America.
The Hollitscher diary describes the daily privations, tedium, brooding and
“wrestling with their loss of identity.” But they were imaginative. When art
supplies were in short supply, camp artists burnt twigs “to create sticks of
charcoal; short beard hairs were plucked to use for brushes;” they made paints
from brick dust or vegetable juice ground with linseed oil or olive oil from
sardine cans.
In the diary’s Epilogue, there are ruminations by the Hollitscher whether
the war-time atmosphere resulted from government panic or the fault of the
“military machine” responsible for refugees. Newman believes “Fascism reaches
up into the highest circles…there exists an antisemitic alternative government,
supported by members of the governing classes, which has its own views and is
active and sabotages members of the government with a different view.”
This infection weaved its way through the Foreign Office and upper society.
It manifested in the British official collaboration with the Arab world. The
goal was to forefend a homeland for the Jews despite Prime Ministers
Churchill’s wartime and post-war position that “My heart is full of sympathy
for Zionism.” The book makes an important contribution to restructuring
attitudes and services to refugees and fills in gaps in modern Jewish history.
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Liberty of Restrictions
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Are Beer and TikTok Jewish or Goyish? Rachel Antonoff & Eliot Glazer Decide (video)
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Synagogues of the Past 5 (video)
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Very Relaxing Walk and Nice Atmosphere. The City of BAT YAM (video)
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SIMCHA LEINER | SHUVI | (Official Music Video)
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