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Magal Security Systems Ltd. Message Board

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  • madd_mags44 madd_mags44 Jul 17, 2004 1:33 PM Flag

    Interesting Speech

    see ya @ 9 no contracts/sales, nothing.

    oh you forgot to mention MAGS has warned that a loss is going to be announced this qt.

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    • It seems you did not read the entire press release other than the paragraph about the expected loss. Two of the company officers who are both major shareholders are personally awarding $1.2 million dollars to the company employees. By GAAP rules that award has to be taken as an expense on the balance sheet without affecting any cash flows. On a pro forma basis, MAGS should make a healthy profit this quarter and one that may be 50-100% higher than the first quarter. At that point shorts will be toast.

      • 1 Reply to ccfromtx
      • The idiot who says it will go to 9 because of the loss. news is already out and it did not affect the price.

        What will happen is this. SALES numbers anything south of 18 mil is bad and may trigger a selloff although the stock is showing good RSI when a lot of nasdaq stocks are breaking down.

        anything north of 18 mil and news of new business may trigger a mssive short covering.

 
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