Really interesting. Thanks for doing this on a holiday weekend!
I generally like your focus on smaller cap companies, but in this case wonder how much their growth will be constrained by being in such a small country? Not to mention being surrounded by mostly non friendly neighbors etc?
The small country size is valid but a buyer of TASE is still getting it at a discount because it’s new. Think ICE or CME from IPO till now. Lots of monetization of products in those early days and then the companies eventually mature.
Thanks for bringing forward this nice idea. Talking about risks, aside from geopolitical and global macro risks, I think one important question to answer is about growth prospects of TASE: why public Israeli companies, which are mainly listed in US would also consider dual listing in TASE, especially when TASE is looking to bring its prices in line with other exchanges to increase their sales and margins? What would be the incentive for them to do so and not remain an only NYSE listed company.
Really interesting. Thanks for doing this on a holiday weekend!
I generally like your focus on smaller cap companies, but in this case wonder how much their growth will be constrained by being in such a small country? Not to mention being surrounded by mostly non friendly neighbors etc?
The small country size is valid but a buyer of TASE is still getting it at a discount because it’s new. Think ICE or CME from IPO till now. Lots of monetization of products in those early days and then the companies eventually mature.
Thanks for bringing forward this nice idea. Talking about risks, aside from geopolitical and global macro risks, I think one important question to answer is about growth prospects of TASE: why public Israeli companies, which are mainly listed in US would also consider dual listing in TASE, especially when TASE is looking to bring its prices in line with other exchanges to increase their sales and margins? What would be the incentive for them to do so and not remain an only NYSE listed company.
Thanks again for your great work.