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Magal Security Systems Ltd. Message Board

  • Hedgeee Hedgeee Jul 25, 2000 9:11 AM Flag

    Earnings and Estimates

    assume earnings of 50+ Cents for this year and a PE of 20, we may reach $10, easily!

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    • since releases on Yahoo have expired, I took the
      data from Magal's web site.

      Series: (read: EPS
      in Cents/Sales)

      Q1+2/1999: 15/16M
      Q3
      /1999: 5/7M
      Q4 /1999: 7/9M
      Q1 /2000: 6/8M
      Q2
      /2000: 13/10M

      Now estimates based on about 30%
      growth:

      Q3/ 2000: 6-7/9M
      Q4/ 2000: 9-10/11M

      This
      makes about 35Cents on 38M sales this year. IMHO, with
      the high back log, I take this as a very conservative
      estimate. I wouldn't be surprised if the next 2 quarters
      are much better than my approach, above.

      From
      all I've read about security systems so far, this
      branch is booming! With the US spending Billions(!) on
      embassy safety, alone, I expect 12 month results of about
      50Cents on 50M sales in near future. If not this year,
      than somewhere next year.

      So, now you all
      understand, why I have so high expectations, and expect to
      see ATH in the next 12 month, if not before!
      Hey,
      Magal should be at least a 100M stock, or not? 20M is a
      pure joke!

 
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