…what higher versus the historical range (since 1999) than for Healthcare or Utilities. That being said, the PE-relative rose structurally through the 2000s. Over a shorter time frame since 2010 Food & Beverage is also now trading near the bottom quartile. PE-relative is 6-10% abo...
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…h was no doubt one reason our relationship had grown closer as he and I — Six years younger, and a step or two behind — rose up the ranks. In fact, Dan was the reason I’d made one of my rare forays into kirya politics not long after Moshe Vechetzi took over as chief of staff, wh...
…n major public contracts, civil and military, because of budget deficits and structural adjustments, new opportunities arose. In the 1990s there were mobile telephone network launches, and the first major privatisations of public services, with public-private partnerships and bui...