Elbit Systems Ltd (ESLT)

[midastouch017]

>>Michael Federmann’s Federmann Enterprises Ltd. has bought another 5.5% of Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) from Koor Industries Ltd. (NYSE: KOR; TASE: KOR) in a very smart move, for two reasons. One is that Elbit Systems, in my opinion, is a Number One investment for the next decade, and I’ve said so more than once. The acquisition from Koor also severs Federmann from a partner whom I believe is only a hindrance.

In order to better understand why I’m so hot for Elbit Systems, I turn your attention to a report in Zacks on Tuesday about military electronics in the US. Zacks recommends L3 Communications Holdings Inc. (NYSE:LLL) as the best investment in the sector. I’ve told you before about this company, which is very similar to Elbit Systems. The acquisition should also make it easier for Federmann to sell part of his stake in the future is he wants, and I think he will, albeit not in the near term. >>

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