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Magal Security Systems Ltd. Message Board

  • renohawk72 renohawk72 Apr 6, 2012 2:20 PM Flag

    MAGS AUG 2004 vs MAGS 2012 ...

    In AUG 2004, MAGS was trading at $15 when they released this earnings report ..

    http://www.vcall.com/IC/GenRelease.asp?ID=88708

    At $15, it had just posted Revenues of $14.5 million, Gross profit of $6.5 million, Net Income of $461,000, and Earnings of .09 (negative)

    Now, when the company is clearly experiencing explosive growth, they just released these numbers - Revenues of $33.7 million, Gross profit of $15.4 million, NEt Income of $4.3 million, and Earnings of .27 (positive) ..

    And the stock is trading a 1/3 of what is was trading back in 2004 ... They have a much healthier balance sheet with $32 million in cash representing $2.06 in cash and have posted back-to-back triple digit quarterly growth in revenues ...

    With their newest entry into India,

    http://finance.yahoo.com/news/magal-expands-operations-india-establishment-131500652.html

    which should lead to some substantial contracts, and an impressive backlog of over $50 million already, this company looks poised to revisit the double digits.

    As always, good luck to all!

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    • At $15, it had just posted Revenues of $14.5 million, Gross profit of $6.5 million, Net Income of $461,000, and Earnings of .09 (negative)

      Now, when the company is clearly experiencing explosive growth, they just released these numbers - Revenues of $33.7 million, Gross profit of $15.4 million, NEt Income of $4.3 million, and Earnings of .27 (positive) ..

      And the stock is trading a 1/3 of what is was trading back in 2004 ... They have a much healthier balance sheet with $32 million in cash representing $2.06 in cash and have posted back-to-back triple digit quarterly growth in revenues ...

      With their newest entry into India,<<

      Very good post and that just goes to show that people are not paying attention to the many bargains that now exist in the SM.

    • Thats why we are here. The share price will rise. MAGS will release a statement announcing a share buy back one day and the stock will take off. It will happen just when??

    • I agree. Market goes down Monday I am going to buy more. Hopefully the stock takes a hit and I get to buy some more cheap. This is a dirt cheap stock with explosive growth. It is so cheap. It will be a 2 or 3 bagger. Will take a little time.

 
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