Thursday, July 07, 2005

Israel: Near-Peace Dividend

In early June, Shopping.com shareholders enjoyed a 19% pop in the value of their holdings when eBay said it would buy the Israeli online comparison shopping service. Robert Goldman, chief investment officer at Banneker Capital Management, says that isn't unusual for Israeli companies.

"They tend to dominate a specific area," explains Goldman, who also oversees investment for the Blue & White Fund, a mutual fund devoted to investing in Israeli stocks. And once Israeli outfits reach a certain size and mastery of their niche, he argues, bigger buyers often come calling.

Full story at Forbes.com