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Magal Security Systems Ltd. Message Board

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  • firefly333 firefly333 Sep 28, 2002 11:46 AM Flag

    For Mrs. Busted..

    " was wondering if you can help. I have been monitoring MAGS for about a year and I recall that the P/E for this stock was about 10 at $8 per share. Now, on Yahoo, the P/E is 36 at about $6. Am I missing something?"

    I think what you are missing is that earnings were taken down significantly due to the start up costs and qtrly losses. That is why I had been asking questions about the new start up. Last I hear it will be another 4 qtrs maybe before the start up is break even.

    So its about a year before MAGS is not impacted negatively.

    I rarely come here now as this is getting to be nasdaq dominating the msg bd with junk.

    Why not put him on ignore and quit arguing with him. You are just giving him what he wants. It's driving away any intelligent discussion and most certainly you will not change his mind.

5.42+0.02(+0.37%)Aug 26 3:58 PMEDT