Without Smart Interactive Systems, Inc. MAGS would have earned $.53 last year on Net Income of 4.3 million. Management has said they are cutting expenses at SIS to at least get to break even there. Along with further growth this should increase EPS substantially. Anyone know what estimates are for '04
Just logged on today. I will check it out. If you happen to recall posts it is always good to reiterate positive analyst outlooks. I am interested because it appears that the stock activity began to accelerate shorty after the Feb 3rd press release outlining the launch of MAGS's Pipeguard security system.
At the end of 02', 3 million miles of unprotected oil and gas pipelines worldwide (2 million miles in US alone).
Seems to be a very large market and one that requires Pipeguard.