security is a real backburner issue for the foreseable future for corporations. Many of them are just trying to survive. Maybe five or six years from now some discretionary spending might flow toward that market.
Unfortunately, we are now in a nasty new world in which security has become as important as food and oil. When angry and needy hoards begin to close in on your fixed assets like wells and pipelines, mines and stockpiles, bank vaults, computer and piggy banks, transport fleet, copper wiring? etc and etc, you are forced to defend them... only bankers run away. Despite its fumbles, this company has the state of the art products for the times.
magal is efficient in its security business...the huge problem is that the state owns a stake in this company. Not many countries do business with them becuase of this and the company cant be bought by any HOnywell style compnay bacuse of that. It is true unfortunately that wars will probably be 911 style for the next generation or more..Sonce World War 2 we have been almost constantly at war so call it the70 year war and counting...MAGS has great technology for these times but the governmner of Israel will not allow the very best out on the market.