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Magal Security Systems Ltd. Message Board

  • msc5825 msc5825 Feb 22, 2007 8:31 AM Flag

    Well Pumpers and Bashers...

    what was the expectation? A loss certainly doesn't sound good to me but if the expectation was for a greater loss maybe this thing still has legs. If comes the 8's again. Where are you Mo4, Ben, OTJ?

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    • Msc, as you know, no house follows the company but i think we had a mixed batch here with the revenues being much better than i thought they suggested in Q3 (i figured on $20M) & then there's the loss that would have been a gain if not for the currency issue. More importantly they suggested that the coming year will be better so that could mean anything from 2%-20% better but at least they didn't warn. One thing is sure & that's that Q1 (which was marked way down because of the eastern european reneg) will be easy to beat & that could give us room to run up to $12+ in the next two months.

      • 1 Reply to cats44ever
      • MAGS earnings may be utterly unreliable but there are two things that aren't:

        1) The company per their press releases always anticipates better results in the future. It's been a given for the three years I've been trading this stock.

        2) MAGS rises before earnings and then drops back even further after they disappoint investors again.

        Why investors continue to hope for amazing earnings when three or four years of wars, uprisings, intifadas, and terrorism haven't produced them is a mystery in itself.

    • 8$ lol again are you crazy?

      We are going to 12$!

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