Stocks rise for Israeli drone-maker as Gaza slaughter continues
Submitted by Rania Khalek on Tue, 07/29/2014 - 19:42 As Israel ruthlessly destroys the besieged Gaza Strip, its largest developer of military technology, Elbit Systems, is benefitting from the bloodshed. US-traded shares of Elbit have climbed 6.1 percent since 8 July, when Israel began its latest offensive against the Gaza Strip. According to Bloomberg BusinessWeek, Israel’s three-week long massacre of 1,200 Palestinians in Gaza, including nearly 300 children, “has pushed [Elbit’s] stock close to the highest level since 2010 while its valuation on a price-to-earnings basis is near the most expensive in five years.