While Morgan Stanley(MS) decides whether to grant Israel ‘developed’ country status for its’ global indices, this decision will confirm what many savvy investors already know; that Israel is a very hot investment destination. Over the weekend none other than Warren Buffett spoke about his Israeli purchase. Buffett said on Saturday that the company’s acquisition last year of the Israeli firm Iscar has worked out better than expected. Buffett said that he had very high expectations when Berkshire struck the deal, and that the metal-cutting-tool maker has “exceeded that in every way.” “It’s been a dream acquisition,” he said.

We all are familiar with the stats. Israel sports the most companies traded on Nasdaq of any country except the US, the billions of venture capital money that continues to flow …

We spend a lot of time here at IOI, discussing which Israeli stocks that trade in the US are our favorites. You’ve all read our thoughts regarding Comverse (CMVT.pk) and the value that we believe is soon to be unlocked. We’ve spoken about geothermal energy provider Ormat (ORA) and the future we believe the company has. I could go on and on, but I will spare you.

With Israel turning 60 this week, IOI would like to hear from you. We want to know what your favorite Israeli stock is and why? Which stock do you think will provide superior returns?

Feel free to post a comment and share with all our readers your analysis.

Disclosure: Author’s fund has no position in any other stock mentioned as of 5/5/08.

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