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Magal Security Systems Ltd. Message Board

  • allen264 allen264 May 20, 2004 12:44 PM Flag

    still of interest

    Last year was a record year for Magal, both in revenues and operating income. The company is selling for less than 2X trailing 12-month revenues, which were $59.4 million for fiscal year 2003, up 38%, with net income of $2.4 million, up 27% year-over-year. We can expect quite a bit of volatility in this �newly discovered� security name. Nevertheless, Spear is hanging on as the volume and price pattern suggests this multi-year breakout will be successful and MAGS will double in 2004.

5.46+0.06(+1.11%)2:09 PMEDT