Yesterday, G. Willi-Food International (Nasdaq: WILC) chairman and operations manager Zvi Williger was interviewed by Hank Greenberg of the Street.com on his television show. You can’t really give much in the way of details in five minutes but Williger did his best. Either way, both interviewer and interviewee believe that there is a massive market for kosher food in the US. Several days earlier, Williger spoke at a conference organized by Roth Capital Partners.
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.