Soros Buys SodaStream Shares While Boosting Teva Stake

[King_David]

Soros Fund Management LLC, the family office of billionaire George Soros, bought shares of SodaStream International Ltd. (SODA) in the first quarter, the Israeli maker of home soda machines that’s plunged 18 percent this year.

The firm, based in New York, bought $24.3 million of shares of Lod, Israel-based SodaStream. The holding makes up about 0.3 percent of its $9.3 billion U.S. stock portfolio, according to a filing with the Securities and Exchange Commission yesterday. Soros also increased his stake in Israeli drugmaker Teva Pharmaceutical Industries Ltd., already its largest holding, to 5.8 percent of the total.

SodaStream is heading for its worst annual performance since its initial public offering in November 2010 as U.S. sales of its home soda machines have failed to pick up following a lackluster holiday season. Chief Executive Officer Daniel Birnbaum said “challenges” in the Americas offset “double-digit” sales growth in Western Europe and the Asia Pacific region in the first three months of the year, a trend that should continue into the second quarter, according to a May 14 conference call with investors.

SodaStream trades at 17 times estimated earnings, compared with an historical average of 20.5, according to data compiled by Bloomberg.


http://www.bloomberg.com/news/2014-05-15/soros-buys-sodastream-shares-while-boosting-teva-stake.html

[King_David]

1. George Soros Continues to Confuse

Soros just keeps adding to the confusion because now, guess what he did? He just bought $24.3 million worth of SodaStream shares. As you may also recall, Scarlett Johansson was hired as a spokesperson for the company. Her role was criticized because SodaStream runs a factory in the West Bank. That said factory provides employment to both Jews and Palestinians at fair wages was deemed irrelevant to the critics who claimed that the entire operation was an illegal Zionist, colonialist enterprise taking place on stolen land. Protesters convened in front of stores that sold SodaStream and called for a boycott in support of the BDS movement. Israel supporters for their part, purchased even more SodaStream units.


- See more at: http://www.jewlicious.com/2014/05/george-soros-continues-to-confuse/#sthash.O60xnE6Y.dpuf

[azurnoir]

2. well then I would guess the accusations that Soros was a Nazi collaborator will cease? :)

[King_David]

3. A "nazi collaborator "?

[azurnoir]

4. you really mean to tell us you missed that episode?

the Toranto-Sun printed the story later supposedly they corrected it

[King_David]

5. Toranto?

[azurnoir]

6. Is that a yes or no? :)

and I did misspell Toronto

[Purveyor]

7. SodaStream Bears See 40% Rout Extending on Sales

By Gabrielle Coppola Jul 23, 2014 10:45 AM ET

A record streak of declines has left shares of SodaStream International Ltd. (SODA) trading at the lowest valuation in six months. That’s not cheap enough, according to Barclays Plc and Stifel Financial Corp.

Shares of the Israeli maker of home soda machines plunged 40 percent this year in New York as of yesterday, the worst performance on the Bloomberg Israel-US Equity Index. Twelve weeks of declines left them trading at 14 times estimated earnings, compared with an industry average of 22.

Barclays and Stifel say SodaStream will struggle to achieve its forecast of 15 percent sales growth this year because U.S. retailers have been slow to work off excess inventory. At the same time, SodaStream is offering deep discounts in order to spur sales, eroding margins. The company reports second-quarter earnings July 30.

“What the stock is telling you is that there is fear that the guidance and numbers in consensus estimates are at risk,” Jim Duffy, an analyst with Stifel, said by phone from Denver on July 21. “The guidance SodaStream has provided presumes a favorable swing in growth in the back half of 2014, which given the backdrop of disappointing sales in holiday 2013, seems unlikely.”

MORE...

http://www.bloomberg.com/news/2014-07-23/sodastream-bears-see-40-rout-extending-on-sales.html

[King_David]

8. OurCrowd crowdfunding investments hit $60 million

http://www.timesofisrael.com/ourcrowd-crowdfunding-investments-hit-60-million/

[Purveyor]

9. "Suckers"...

[King_David]

11. There's so many Israeli companies on NASDAQ

It makes investing in Israel for small investors at home really easy especially important in the USA where people are most interested in investing in Israel.

[King_David]

10. New solar energy project in Israel receives financial backing

http://www.hydrogenfuelnews.com/new-solar-energy-project-israel-receives-financial-backing/8518752/