RADA Electronic Industries Ltd. (RADI)

[midastouch017]

Tim,

FYI In the Globes Hebrew late Edition there is some
info you may find interesting.
The main points in the article:

1/In the past few years there were 3 bids to buy out
RADA by US companies from the defence sector.
2/All three bids were rejected by the biggest shareholder,
family Yang from Hong-Kong.
3/RADA CEO resigned in frustration.
4/Bodinger, RADA president believes a sell out is close,
and attributes the rejection of the owners, being Chinese,
have a much slower pace in conducting business.
5/Bodinger states the these US companies want an outlet in
Israel, and are not deterred by RADA losses.

Bottom line:
If you think it feasible, i'd suggest you hold onto your
shares for the 'premium' you might enjoy in an eventual
sell-out.

Up to you dear chap, an issue to consider.

Regards,

Dubi
The Hebrew link, http://www.globes.co.il/serve/globes/DocView.asp?did=1000128276&fid=1602