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    Josh Straus

    Research Analyst at Pekin Hardy Strauss, Inc.

    Josh Strauss is Co-Chief Executive Officer and Portfolio Manager at Pekin Hardy Strauss, Inc., where he specializes in multi-disciplinary wealth management and value-oriented investment strategies. He plays a key role in managing diversified portfolios and employs a contrarian, patient, and long-term investment approach, focusing on identifying undervalued high-quality companies to achieve strong risk-adjusted returns. Strauss's career began prior to his tenure at Pekin Hardy Strauss, including a director and senior research analyst role at Boenning & Scattergood, before joining Pekin Hardy Strauss in the early 2000s. He holds the Chartered Financial Analyst (CFA) designation and is a FINRA-registered investment advisor, recognized for his expertise in asset management and financial planning.

    Josh Straus's questions to Ituran Location & Control (ITRN) leadership

    Josh Straus's questions to Ituran Location & Control (ITRN) leadership • Q3 2024

    Question

    Josh Straus of Pekin Hardy asked how Ituran maintains business stability in its core Israeli market amid the ongoing war and economic challenges. He also requested an update on the Bringg investment and sought clarification on a significant year-over-year change in 'other current and noncurrent assets' on the cash flow statement.

    Answer

    Executive Eyal Sheratzky explained that while new car imports have declined in Israel, a dramatic rise in car theft has increased demand for Ituran's security systems, even for older vehicles, thus stabilizing the business. Regarding Bringg, he stated it's valued at zero on the balance sheet, but management is optimistic about its future monetization potential. Executive Eli Kamer addressed the cash flow item, suggesting it was likely due to working capital volatility and offered to provide a more detailed follow-up.

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