Hi, I'm a newcomer here, and before I buy in, want to follow the board a bit and hear what people say about this stock.
I'm into a few other Israeli stocks, and am not worried in the slightest about how the security situation affects them at all.
What concerns me more is that there is no analyst coverage for Magal yet??? Where do you get some guidance and educated opinions on this stock? I know that the security products sector should have plenty of room to rise, but wonder if this one has already risen for all its worth?
I'm not negative, just cautious... Good luck to all the longs, no matter what!
Welcome to the Mags board. I, for one, put very little credence in analyst coverage of a stock. I purchased Mags in the single digits, have watched it go all the way up to 15-something, and then back down to where it is today. I am long on Magal and have the shares in my IRA. Beware of "hype" you may read on any stock message boards! There are some who will talk down a stock on purpose. Make up your own mind about a company. It is interesting to check out the website of Magal (or any company whose stock you are considering investing in). You can get alot of good information that way. What other Israeli companies are you invested in (or looking at)?