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Magal Security Systems Ltd. Message Board

  • taxdemicco taxdemicco Apr 5, 2012 9:12 AM Flag


    Stock trades at 14x trailing twelve months, so if we look ahead:

    Earnings 27 cents/sh *4 quarters = $ 1.08 per share

    Trading at 14x earnings gives target: $ 15.12 per share, triple from here.

    Also more importantly, joint venture with India for homeland security is HUGE; India is 4x the population of U.S. and urgently needs security. More mega projects in the near future.

    Q1 Earnings report will be issued end of May 2012 and should be another blockbuster as revenue from Africian contract is recognized in this quarter; project was completed in January 2012.


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