If you want to invest overseas, sometimes you have to look in the lonely, largely untouched corners. Take Partner Communications
There are other Israeli companies out there -- TevaPharmaceuticals
I've owned Partner in the past (profitably, I'm happy to say) and this stock has seen its share of ups and downs. Though a change in tariff policies certainly stirred the pot, Partner seems to getting back on the road to growth.
Revenue was up more than 5% this quarter in local currency terms, and earnings per share once again rose year over year. Looking at other relevant numbers, net income growth clocked in at 29%, while EBITDA rose almost 10%. It's also worth noting that the company is paying out a pretty respectable dividend.
Other operating statistics were a bit mixed. Churn increased slightly to 4.2%, a none-too-alarming figure. Subscriber growth nearly reached 8%, and market share stayed at just under one-third. While usage climbed 4.5% in the quarter, ARPU fell more than 3%, due in part to those tariff/rate changes.
I've been fairly impressed with how the company has navigated the tariff changes. Partner seems to have really gotten a hand on cost controls, and it sounds like its margins should be sustainable.
I don't know whether Berkshire Hathaway's
By the same token, valuation here seems to suggest that Partner's at least worth some consideration. Investors should note, though, that Hutchison Whampoa owns a majority stake in the company; they're your true partner here.
Further foreign Foolishness:
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Fool contributor Stephen Simpson has no financial interest in any stocks mentioned (that means he's neither long nor short the shares).