5 High Yielding Israeli Stocks
Published Apr 27, 2011 on Seeking Alpha

Looking for yield? Look to Israel -- a prosperous, democratic country, known for its innovative, high-tech companies. When the Great Recession hit worldwide in 2008, Israel largely escaped. Why? Israeli banks had avoided toxic debt and the Israeli government wisely stimulated with tax cuts -- not money printing. Yes, I know what you are thinking. Why invest in the most reviled (at least by its neighbors) country in the Middle East? Good question . . . stay with me . . . we will revisit the issue. Consider these 5 high yielders:Cellcom Israel Ltd. (CEL) Israel's largest cellular communication company has a market cap of $3.1 billion and a trailing P/E of 8.4. The company has a generous 11% dividend. Growth in cell phone revenue in Israel comes, not from market penetration (there are already 1.27 cell phones for each inhabitant), but from additional value added services such as... Read more