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Magal Security Systems Ltd. Message Board

  • bidatthe_bell bidatthe_bell Apr 10, 2004 4:20 PM Flag

    Lo float security stock laggard list:

    My screen of profitable low float security stocks produced the following:

    MIKR ($4.36) sells Infrared cameras for homeland security applications, tracking criminals, for use in public transit systems, buses, cars, when it is very hard to see, esp at night.

    MIKR has better financials than IPIX and TBUS- it is Profitable NOW with only 3.7 MM float.
    MIKR is also at a Defence conference Monday.

    SYNX $5.11 with 1.8 MM float. SYNX is a leader in subway security systems and is installing systems in New York and Dallas right now. Profitbale with $16 MM backlog.

    Good luck.

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    • bidatthe
      The technicals on MIKR suk. Also, the eps is very inconsistent. Where in the company profile does it say they have any security business, all I see are industrial applications? Show a link concerning conference please.
      Harry N

    • Menkess
      I fully expect security stocks to do well over the coming months, all the way up to and including the election. We have not even gotten in to the knock-down, drag-out part of this campaign and look how cheap-shot, below-the-belt it's become. The main issues in this campaign will be security and the war in Iraq IMO. These still touch a nerve with a lot of people and continue to divide the country. IMO security stocks will do very well -they will outperform the market for the next 6 mo easily. However, I would recommend that you keep scouting and buy the best stocks available, not just the cheapest; earnings are never cheap. Look for companies that are at least making money, not just developing something new. I've seen trends in biotech and internet that lasted for awhile, and then got slammed hard. Companies making money though don't fall as fast as losers. MAGS still has upside IMO -we haven't even gotten to the 'squeeze' part yet.
      take care, Harry N

    • Harry,

      You may want to norrow this to IMGG which is over 10, profitable, low float and in the process of getting relisted on Nasdaq. It was also in Tom Gardners Feb's hidden Gems, a PRELUDE TO ibd listing.

      I also believe the other two are bit more risker but 5 baggers this year.

    • Runningbull
      I may eventually look at OTC issues; basically I follow CANSLIM and their suggestion to stay with stocks above 10. I find that they present much lower risk for me. As I've said on this board before, I only want stocks such that when I get up and go to the bathroom, my stock doesn't take a dump too. For the most part I try to find stocks that are just comng onto the IBD radar screen. I look for stocks in the 10-15 range.
      Whatever works for you and you're comfortable with though.
      Harry N

    • Runningbull
      Thnx, of the ones you reco'ed that one stood out the most to me. I'll look into them.
      Harry N

    • Harry
      Thank you.

      Do you think that the tred of :"home land securaty" will go-on for a long period of time or is it just temporary?
      If the answer is "yes" than i understand that MAGS price is not as high as it seems and .
      (correct me if i am wrong)

    • Harry,
      It was clear from the conference call that Ionatron team is in-charge, they have brought in a retired Vice Admiral who was incharge of the Navy Seals and a security expert on the board. It looks like they needed a fig leaf to look Kosher in the eyes of investors and Nasdaq! What I am afraid of is with 77M shares outstanding and $8 a share they are very pricy with out any tangible revenue. I want this technology to materialize so that we can continue to keep the bad guys on the run!

      But we may not make any money with this one!

      If you want up and comming OTC stocks look into IMGG, SOTK and IPVO. They will be big winners this year! Also please do your own DD!

      Happy Passover and easter to all!

    • i disagree. i know thomas steffens and he has worked in test and evaluation with the navys developement group and also worked in the pentagon during his naval career. he was my commanding officer from 1986 to 1988 at SDV-Team Two. he is a man of integrity and i think there is another reason he was brought on board...the powers that be wanted someone on the board (this is speculation) that they know has a proven track record. mr steffens has worked closely with homeland security soince his retirement from the navy and is well respected in certain sectors of the govt. this bodes well for the stock and i believe we will see higher moves coming. i bought 4000 shares at 5.37 when i heard that the elected mr steffens to the board. just my opinion

    • I was intrigued by the new merger of mom n' pop Home garden supply and Ionatron! It seems to me that Ionatron that has Intellectual property and some kind of proto of their novel technology that can deliver human controlled lighting via low power laser and potentially disable Trucks, Tanks, etc and it also has other potential applications. I listenend to their conference call this week which was attended by Big names Venture firms. Here are my comments:

      1) After the merger 77M shares outstanding. With current $8 per share, you do the math? Tasr has Less 25M shares after the last split!
      2) Management was vague about the status of product commercialization?
      3) Has $9m in the bank after the merger and the the capture of USHG shell. They will not talk about their burn rate and number of on- board employees and what will it take to get across the goal line!
      4) They did talk about a line item in the congressional budget that will help subsidize them.
      5)Potential difficulty with this product in Fog and Rain. Laser do not behave well under those conditions.

      Net: Interesting Buck Rogers stuff! I will take an initial position with 1K shares to keep it on my radar screen. I also understand that I could lose most of if quickly with bad news. This stock has gone up from $1 to $8 in less than 60 days!

      In the meanwhile I will be buying Home Garden equippment from the local home depot in the bay area. I do not need Ionatron product to disable my neighbour's lawn mower!

    • Runningbull
      I typically don't look at OTC issues at all because of the difficulty getting info about them on the web. I will look at the ones you reco'ed though. How come Ionatron (or whatever name they're going under) doesn't even have a website, or did I miss it?
      You're dead on IMO: That kind of market cap with no earnings is senseless. How long is it before insiders start selling and slipping out the back door? BTW, are OTC issues subject to the same insider selling rules as listed Co's do you know?
      thnx for your response
      Harry N

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