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Magic Software Enterprise (MGIC) Message Board

  • rrfrerichs1950 rrfrerichs1950 Jun 7, 2010 9:20 PM Flag

    howdy boys............

    anybody seen or heard from the wizard? how about that pajacobson dude who said magic had a book value of $4 a share? he just doesn't understand that it just doesn't matter here....hope the commandos forget the flotillas and the bungled dubai assasination and kidnap the little iranian chimp...put out a picture of him in a different wardrobe....a nice three piece suit......then put him on a horse......tall tree.......short rope....adios baby....that would shake up the markets, don't ya think?? tel aviv would probably be up 25%..............hey, what's up with the the cloud program?......thought that was suppose to be a big deal......

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    • I'm here on the sidelines waiting for my lower entry price target.

    • Rrfrerichs,

      You wrote: "... pajacobson dude who said magic had a book value of $4 a share? he just doesn't understand that it just doesn't matter here"

      I don't recall ever having put a $4 per share book value on MGIC. Let me know if I am wrong, please.

      What I have done in the past at other posters request is compute a P/E. And, as you know, from a fundamentals question, the issue is how the (now much larger) services arm of MGIC will perform in the future.

      In your posting I think you referred to the flotilla incident. Certainly, the impact of this political issue and the impact of the drop of the Euro has certainly hurt most Israeli technology stocks that I follow. However, oddly enough, for MGIC the recent significant growth in the services headcount through the addition of the large U.S. acquisition might (which I am concerned about), I suspect, provide some level of stability.

      We will soon know more.

      Best,

      pajacobsen

 
MGIC
6.38-0.07(-1.09%)Dec 26 4:00 PMEST

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