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Magal Security Systems Ltd. Message Board

  • dontforgetlogin dontforgetlogin Jan 18, 1999 9:40 AM Flag

    Whisper this....

    The 4thQ at Magal is usually the brightest. In
    1996, 4thQ profits were 71% of the first 3Q's put
    together. In 1997, there were $1M in acquisitions in both
    the first and fourth quarters. Counted as net income,
    then the fourth quarter equalled 160% of the first
    three quarters' net income. If the acquistions were
    counted as gross income and taxed at 20% (avg for MAGSF)
    then the fourth quarter equalled, get this, 220% of
    the first three quarter's net income.

    So far
    we've had 20 cents in net income and the analyst is
    projecting 11 cents for the fourth. Seems rather
    conservative.

 
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