This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Cheapest U.S.-Traded Israeli Stocks

And I'm not the only one to think Check Point is cheap. It makes its way onto Stockerblog's list of cheap security software stocks and is also on the portfolio of Citigroup's Buyout Candidates, a list of companies the bank's research team believes would be attractive takeovers.

Generic pharmaceutical maker Teva Pharmaceutical (TEVA - Get Report) is also on the list with a P/E of just 9. Teva on Monday won a case against Novartis (NVS), which was trying to prevent Teva from selling a generic version of Lotrel, a blood pressure drug.

Syneron Medical (ELOS - Get Report) is a company squarely situated in one of the best demographic trends to hit the investment world: Their RFID treatments are used for wrinkle removal, hair removal and varicose vein treatment. The company has a forward P/E of just 13 and an excellent balance sheet with $125 million in cash and zero debt.

Super investor Seth Klarman, author of the book Margin of Safety (which sells on Amazon for over $800), owns shares of Syneron. For Klarman's full portfolio, check out the Seth Klarman portfolio at Stockpickr.

Other interesting Israel picks include:

Magal Security Systems (MAGS - Get Report), which also appears in the Homeland Security portfolio.

Answers (ANSW), which recently appeared on Barron's list of Internet content players that might be possible takeover candidates. Answers also has been mentioned by Mark Cuban as one of his holdings.

For the full list of cheap or interesting Israel picks check out The First Israel Fund and the portfolio of cheapest members of the Nasdaq Israel Index.

At the time of publication, Altucher and/or his fund held no positions in any of the stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs several quantitative-based hedge funds as well as a fund of hedge funds. He is also the author of Trade Like a Hedge Fund and Trade Like Warren Buffett. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email. has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs