The main difference on today's call was that CEO said that not only 2005 REVENUE would be more than in 2004, but also INCOME. That was news!
I think anyone can understand that MAGS is not stamping out widgets on an assembly line all day long. The variable business is very much a part of the geopolitical crises in the world and budgetary constraints. Everyone screams for more heimat security but nobody wants to shell out the bucks or shekels until the big one hits, then they all scramble. Trying to pick what month any particular order will pay off is like trying to land in a coffee can on a parachute.
He pointed out that the Gross Margin was about 45% which would be good in the long run.
One thing I did not hear about was if any analyst coverage would be coming. CEO said last CC that they were working on that.
More business and revenue coming, but they can't pin down exactly which month. CEO reiterated expectations for higher revenue AND income over 2005. 1Q had problems like winter and deferred orders.
Poland is still in the works, nothing awarded yet.
There was some talk on the stock price. The CEO and others bought stock around $10, about $16 million dollars worth. CEO emphasized that they do NOTHING to influence the stock price, and don't make predictions.
So, until something REAL hits the wires, here we sit, another typical crappy day of trade so far.
Some brokers asked questions about details on the financials.
CEO says stock should start looking real good in about 3-4 years, but no value suggested.
CEO said they are bidding on a total of about $120 million worth of stuff.
I did not hear everything. I tried listening online but my ISP kept crashing. You might try the replay later.