Strauss GroupSTRS-TASETOP PICKJan 06, 2023Stock price when the opinion was issued
This is an Israeli company who has partnered with Haier in China, selling residential water treatment systems at a very attractive price point. They also sell home water treatments in the US and the UK. They offer a razor/blade type of product. The water purifier requires the consumer to buy a subscription to obtain a UV bulb and another proprietary consumable product. This provides an ongoing revenue stream.
They are the third largest coffee producer operating out of South America, Israel and parts of Europe. This is one of the fastest growing commodity businesses. They are involved in water treatment systems in Europe and China and are one of the largest food producers in Israel. Yield 1.9%. (Analysts’ price target is 7950 ILs )
Long term holding that has owned for over 10 years. Last year costs elevated due to recall of products. Cash flow back to normal after recalls. Consumer goods continue to grow.