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Magal Security Systems (MAGS) Message Board

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  • bengrahamvalueinvestor bengrahamvalueinvestor Nov 6, 2007 12:58 PM Flag

    Conference Call

    Jeff Kessler - Lehman Brothers - Analyst
    Okay. I may have missed something in your opening remarks, one final question. That is your video leasing business in the U.S.,
    what point are -- where are you with that financially?
    Izhar Dekel - Magal Security Systems - CEO
    Financially, the cash flow is positive. Regarding the profit and loss, we're about practically breakeven but (multiple speakers).
    Jeff Kessler - Lehman Brothers - Analyst
    You're at breakeven now?
    Izhar Dekel - Magal Security Systems - CEO
    Almost breakeven. Very small costs. That is almost breakeven. Maybe in a few months it will be at breakeven.
    Jeff Kessler - Lehman Brothers - Analyst
    Okay. But it is now cash flow positive?
    Izhar Dekel - Magal Security Systems - CEO
    Yes, positive cash.
    Jeff Kessler - Lehman Brothers - Analyst
    Okay. All right. Thank you very much.
    Izhar Dekel - Magal Security Systems - CEO
    Thank you. Have a nice day.
    Operator
    Thanks very much, sir. We now have a follow-up question from Gary Markoff from Smith Barney. Go ahead, sir.
    Gary Markoff - Smith Barney - Analyst
    Yes. I just wanted to clarify a comment. I'm sure you misspoke it, or perhaps I misheard it, in answer to Ken Liddy's question
    regarding 2008 being better than 2007. I thought I heard you say that you expect 2007 to be better than 2008, but I'm not sure
    you meant it. Could you clarify, please?

 
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