This win proves what I posted on the company a month ago, that Given Imaging has successfully begun to execute their business plan. Since that posting, the stock has risen more than 15%, and like Cramer, I believe that this is one of the most exciting long-term Israeli plays out there.
It is important to keep in mind potential short-term volatility in the stock caused by profit takers, as well as the fact that, the local Tel Aviv stock exchange has a habit of performing poorly during July. With that in mind, any weakness should be used as a buying opportunity.
Disclosure: The author’s fund is long GIVN as of June 27, 2007.
GIVN 1-yr chart:
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