What most people don't know is that MAGSF is a highly diversified company. Not just bomb detection alone but 2 more subsidiaries that bring in money and profits. Perimeter protection, intruder alarms and Bomb Detection systems, Innovative microwave based alarm systems etc., MAGSF owns Senstar-Stellar Corp, based in Canada and USA and Perimeter products based in USA. These profitable acquistions and diversifcation make this company a much better value proposition than most competitors..
With the Westgaard conference coming in NY next month in September my guess is that this stock is going to be in great demand soon and should shoot up to 12 to 14 $ in that timeframe if not earlier.. Long term hold..nothing to loose proposition at any price in 3 or 4 and change.
Like many people I got interested in this area when TWA 800 went down. After taking 200%+ profit in Invision and waiting for the dust to settle, I looked at the players in airport security and bomb detection to see who had the products, and who had the best management.
Magal rose to the top on both counts so I bought it on promise. No profits yet; no regrets. Still a strong believer.
What I don't know is Israel tax law and how it affects shareholder value.
Will Israeli Directors and management be penalized for paper profits if the stock takes off? What are the stock options and incentives for management? How committed are the key company players to boosting market cap?
I feel this is a very well managed company. They are increasing shareholder worth by more and more profitable acquisitions and diversification. Within a year we could even see a 20 cent dividend per year . Then guess what the stock should be worth ?.
I think this company based in Israel, does not have crazy management who fritter away stocks and options and cashout and cheat the stockholders. Profits are their bottomline goal and good profitable acquisitions are their goals too.
To be frank, I am here because of TexMex. But of all his picks, I think MAGSF and INTK are the only two good picks he has made in my opinion. Though I hate that asshole to death,.. I strongly feel these two are the greatest picks he has ever made. He has cost me enough, but I am very hopeful that these two are going to be my trump cards.