Stocks rise for Israeli drone-maker as Gaza slaughter continues
▻http://electronicintifada.net/blogs/rania-khalek/stocks-rise-israeli-drone-maker-gaza-slaughter-continues
As Israel ruthlessly destroys the besieged Gaza Strip, its largest developer of military technology, Elbit Systems, is benefitting from the bloodshed.
US-traded shares of Elbit have climbed 6.1 percent since 8 July, when Israel began its latest offensive against the Gaza Strip.
According to Bloomberg BusinessWeek ▻http://www.bloomberg.com/news/2014-07-27/elbit-gains-as-gaza-conflict-seen-fueling-defense-tech.html, Israel’s three-week long massacre of 1,200 Palestinians in Gaza, including nearly 300 children, “has pushed [Elbit’s] stock close to the highest level since 2010 while its valuation on a price-to-earnings basis is near the most expensive in five years.”
The rising stock is driven by speculation that the Haifa-based company will see increasing demand for its products from both the Israeli and foreign governments impressed by the performance of Elbit’s blood-soaked performance in Gaza.
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