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Magal Security Systems Ltd. Message Board

  • bengrahamvalueinvestor bengrahamvalueinvestor Nov 5, 2007 8:25 AM Flag

    Revenue growth strong muddy details may confuse some

    The strong growth revenue growth is quite good to see and longer term we must see revenue growth bring overall revenues up to the $100 million plus area to attract serious investors etc..

    The one time charges for severance and income taxes from previous years (2001-2004) were expected and not an issue
    The currency exchange is unfortunate and not attributable to management's strength or weakness--again not a big deal
    It is critical that the company was able to surpass the $20 million mark in a quarter that was not the 4th quarter

    With the one-time charges behind them it should help the company sustain a cleaner improvement of profits for less sophisticated investors to understand
    It is important to note that the companies has increased its book value and shareholders equity despite these one-time charge.

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    • Thanks, Ben, for another fine commentary.
      Great to see another strong report by MAGS.
      Bodes well for the future!
      Cheers.

    • Without one-time charges and the negative currency swing net profits would have eclipsed last years numbers comfortably. Last year the company made 6 cents/share in the quarter

      GAINS or losses from currencies are not something any serious investor would consider in evaluating the effectiveness of management.

      This was a very successful, but confusing quarter. The conference call should clarify some of the near term expectations.

 
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