Meanwhile, the company’s stock has seen some anemic volumes and it is still a long way from the high of $9 it reached at the beginning of June. Why? I believe that US investors would prefer marketing in the US to be done by a local outfit so there were some positive responses to the rumors that G. Willi-Food may acquire such a company. I believe that this will eventually happen and the stock’s current price quite definitely reflects a buying opportunity. I also have a hunch, following on from Hank Greenberg’s assertion that “companies like G. Willi-Food are supposed to make good profit during wartime because of stockpiling by consumers,” that the company will post strong third quarter results.
WILC 1-yr Chart
Published originally by Globes [online], Israel business news - www.globes.co.il © Copyright of Globes Publisher Itonut (1983) Ltd. 2006. Republished on Seeking Alpha with full permission.