that Magal has about $1.60/share in cash and net assets of about $6/share? Even though we missed the projected earnings by our one analyst, if you subtract the cash/share from the stock price and divide by earnings, based on this one quarter we have a PE of about 3.5 In other words, if Even-Ezra decided to buy back all the stock he could, we'd have a PE of 3.5
First, with all the cash they're sitting on it's a nice strategy. They're still open to acquisitions, still pulling in lots of interest income and instead of buying back stock, they give it back to investors. Something for everyone.
Does that make them a candidate for a buyout? I don't think so. The second thing I was going to point out is that there's something of a death watch going on with this company. Folks are waiting for another Flight 800 (July '96). Look at the chart. This company does nothing but pull back until something blows up. What the company wants to do with the dividend payout is leave that image behind. Think about it. Lots of investors sitting on the sidelines waiting for something to happen and yet we've NEVER been in better shape financially. It's time investors got something for being stockholders, imo.
We had some interest shown today. A bit of a uptick. Maybe a rally is getting underway. I hope.
Yes I did see and do see a great potential. This company fits into my investment stratagey. I like your sight on the actual worth vs short term earnings. I love charts and analysts, Guaranteed to screw with the stock price. People run when short term looks bad. But they can't look ahead 1 year. I have acquired yesterday on the dip and will surely be buying more today. Hoping for another Dip. For those who want a looser, you can always buy SYQT. It was great yesterday. Only speculation buying. I wish I would have daytraded Syqt.
Bak to this stock. When I saw the earnings, and and PE, and the chart all coming together, I was pleased with their progress. The backlog Is the BIGGEST PLUS. I sure wern't going to get in at 3-6. But their earnings proved it was getting its feet firmly planted. There should be a decent increase to higher levels, once the word gets out. Again we will all enjoy!