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No. of Recommendations: 1
Cam:

What is going on with ELOS? That IETC analysis is beautiful. I have been following them since you brought them to my attention late last year and I even made some money selling $30 puts on it. Remember when this was at $30. Thank goodness I did not sell LEAPS or longer dated puts.

Net Cash is just over $5 per share and increasing! The extended payment terms are of some concern, but with Net Cash increasing some of those fears are lessened. When I wrote the puts, I thought ELOS was attractve at about $28 per share and it seems it should be a screaming buy now. It seems that Wall Street is punishing ELOS for some reason. Is it because ELOS can't return value to shareholders by paying dividends or buying back stock without losing their preferential tax status in Israel?

Does anyone have any thoughts to explain Wall Street's disdain for ELOS?

Regards,
Emmette
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