Have real estate shares bottomed out? Are there toothsome buy opportunities lurking out there in the wilds of the Tel Aviv Stock Exchange?
Arcadi Gaydamak's company Ocif Investment & Development is losing Nahman Tzabar, its CEO, after just a year on the job.
'After surveying the rest of Delek Group's traded assets, it is difficult to say that the market is pricing any of them at a premium. Rather the opposite seems to be the case.'
... and looks forward to another 10 years of fulfilling his dreams
The bull market lasted five years, and did beautifully by the controlling shareholders of Israel's big companies.
Tel Aviv's Real Estate-15, has dropped 58% in 12 months, while the TA-100 slid 22%.