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Magal Security Systems Ltd. Message Board

  • stocktrader1688 stocktrader1688 Apr 8, 2004 5:20 PM Flag

    CDCY is dumped because of old news

    The link is from March 23
    The company was saying short term is no good, but long term is very good.

    "The Company cautioned that while the increased award activity and increasing backlogs bodes well for intermediate and longer term results, the Company is currently being seriously impacted by the declining backlogs experienced over the past year. "

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    • I bought 900 shares of CDCY today, in at 15.50, the PR wording isn't that great, the company does have strong revenues, guess this current quarter wont be great.But just secured a big contract. MAGS has been wonderful to me, hopefully CDCY is too.

    • Mags is very good ..... Ipix is also an excellent one....I also bot Cdcy today....but, somehow....I think the funds which they received about 5 Million or so...can't remember right now....will offset the past 3 months earnings.

      Also, someone posted that Cdcy now has a backlog worth $175 million.....vs Taser's backlog of $50 million.....

      Cdcy is a very good investment I believe, because its income, superior to most of the defense stocks....and has a bit of a ninche specialty products and services....Looks good to me....

      Don't think it will be a "long hold" (unless you want to)....may not even go down all that much....but even if it went down to $11 or so....should quickly be back at $17+ within a week or so....maybe sooner....

    • Did you have a chance to look at the fundamental before you bought? I did, but some how carelessly glossed over the CEO's statement about earnings. Bad judgment on my part. I have 5000 at 12.8. What do think we can get? I hope it's not going to be really low, otherwise it is hard to make a decision. I don't want it to become a long hold. Hopefully I can make some money back from MAGS. Right now, after screening the markets for bullish stocks that I really really like, MAGS is the only one showing so far this year.

    • What timing, I bought 1000 shares at 16.5, came home and the bottom dropped out. I'm selling on any bounce and taking my loss, good thing most of my money is in MAGS. A hard lesson. Mama

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