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Get Defensive With Elbit Systems

By Scott Rothbort

About this article:
War is never something to get excited about. However, many smart businesses and entrepreneurs have made money from war -- on both the winning and losing sides. A conflict is now escalating in Israel between the Israelis and Hamas, the majority party in the Palestinian National Authority. Elbit Systems , an Israeli defense contractor, is poised to benefit greatly from this military engagement and beyond. The company is traded in ADR form in the United States or in ordinary form on the Tel Aviv Stock Exchange (ESLT.TA). The conversion ratio between the ordinary and ADR is: ORD ÷ 100 ÷ ISL = ADR where ISL is equal to the Israeli shekel to U.S. dollar cross rate (at last quote, 3.8635). To get up-to-date quotes on the Tel-Aviv Stock Exchange and its indices such as the Tel-Aviv 100 (TA100), go to the exchange website. Elbit develops, manufactures and integrates advanced...

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