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Magal Security Systems Ltd. Message Board

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  • scratching_my_head2 scratching_my_head2 May 7, 2004 12:23 PM Flag

    Gurus @ Forbes Buy MAGS

    Read the article. Maybe this is why the stock declined. Only 11% growth year over year, and a 20% decline current quarter versus prior quarter.

    We need news, and we need it fast from the company. Is the guy asleep in his office? My stop is at $12.50. I hope it does not get there, because I bought more at $14.65 this morning.

    "Magal last week said its first-quarter revenue of $14.2 million was up 11% over the year before, but quarter-over-quarter revenue declined by 20%. With the buying hysteria over, the gurus took positions at much more modest prices."

4.50+0.02(+0.45%)11:32 AMEDT