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Magal Security Systems (MAGS) Message Board

  • bengrahamvalueinvestor bengrahamvalueinvestor Jul 31, 2006 12:00 PM Flag

    Earnings Q2 2007

    First of all, if you haven't listened to the CC do so. Clearly Cobi Even Ezra was not "on" in the CC, but the info that was provided was very valueable.

    Smart division is now at break even. Notice the decrease of 19.1% in the marketing costs in the earnings release. A savings of $600,000--largely due to cuts made at that unprofitable division

    Israel is set to upgrade its perimeter security. Not only will Israel need to do repairs, but they will clearly be upgrading in certain areas on their borders after the war ceases

    A feature on an Israeli TV network has lead to several inquiries from other cities seeking similar solutions. Link will be on Magal's site very soon. Fortis solution has lead to a decline of 57% in serious crime in one Israeli city

    Pipeguard contract will be announced in the month of August

    USA seaports very interested in integrating Magal's perimeter security. A couple contracts may be on their way

    The mess from the cancellation of that European contract appears to be completely behind them

    The company is very confident of a much more successful second half of the calendar year. The key months are in the second half of the year.

    The fact that stock has absorbed such a lousy start of 2006 without being any lower than we started the year shows how cheap the valuation is. This company could easily be looking at securing $80-$120 million in business in the next 12-18 months. If they are as successful as they should be, the earnings on the bottom line should refect a total of 50 cents/shr-$1.00 eps......

    Cheap stock,a leading perimeter security company in the world, Terrorism problems everywhere and a war in Israel= enormous opportunity

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