C'mon Ben...don't be so freaking emotional. What I MEANT to say was that in FIVE YEARS, MAGS hasn't gone anywhere. It's the same price today (actually, lower now) than it was FIVE YEARS AGO. So...what's another year, right? Obviously, my POINT was this...one could have made an awful amount of money in virtually thousands of other stocks, rather than holding MAGS over the past five years. Even if MAGS were to double or triple from here over the next two years, the astute trader would have smoked those returns...given the same 7 year timeframe.
BOTTOM LINE: MAGS HAS BEEN UNABLE TO LAND THE LARGE CONTRACTS THEY HAVE BEEN TEASING YOU FOLKS WITH OVER THE PAST FEW YEARS IN THEIR CONFERENCE CALLS. You are right about one thing, an ugly chart can turn pretty...but an ugly company usually remains an ugly company. Good luck :)
OK Ben, I believe you just because I've always felt your an honest guy. I believed you were "honestly speculating" this morning with regards to Advantor...but you seem certain they work with each other.
In any event, MAGS has still not "shown anyone the money" to this point...hence, the horrific chart.
There are many companies that Magal works with like Advantor. They partner closely with both larger and smaller integrators regionally. In fact, its rare that you will ever see Magal land a headline order as the general contractor of a project. They are a key subcontractor to many many companies. They have an extremely extensive network that is just now beginning to come to fruition. AND when Magal makes their acquisition later this year of a respected regional integrator (my guess)......More markets will open up for Magal.