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Magal Security Systems (MAGS) Message Board

  • bengrahamvalueinvestor bengrahamvalueinvestor Oct 30, 2007 2:07 PM Flag

    Contract snafu. Annoyance? Yes Worry? No

    Today's announcement is an annoyance, without a doubt. The company did not elaborate so its hard to judge where the snafu came from. Was it an overzealous official they dealt with? A Magal salesman? Management? etc.. Is the order a dead deal?
    I think we have to assume it is.

    The fact that the company did not wait until Monday's earnings release has to be viewed as a potential positive. The company could actually be reporting good news in the quarter and did not want to taint that report. We'll see soon enough.

    With the large amount of activity world-wide picking up in areas Magal excels at, I am not worried about the short, medium term, nor long term of the company, but I am a bit annoyed with today's announcement.

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    • <<The fact that the company did not wait until Monday's earnings release has to be viewed as a potential positive.>>

      A positive? A POSITIVE???

      Oh my...it's official, folks. BenGraham has LOST IT. That's what happens when you "marry" a stock.

 
MAGS
4.4001+0.0151(+0.34%)Oct 30 3:58 PMEDT

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