Caesarstone’s 460% Gain Shows U.S. Gamble Paying Off
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For all of this year’s hot initial public offerings by Israeli companies in the U.S. market, Caesarstone Sdot Yam Ltd. is still the benchmark.
The maker of quartz countertops has now returned 460 percent for investors since its March 2012 IPO after surging 10 percent to a record high last week. The Sdot Yam, Israel-based company reported third-quarter earnings that beat analysts’ estimates and raised its 2014 revenue forecast.