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Magal Security Systems Ltd. Message Board

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  • johnfox188 johnfox188 Apr 6, 2012 11:00 PM Flag

    MAGS AUG 2004 vs MAGS 2012 ...

    At $15, it had just posted Revenues of $14.5 million, Gross profit of $6.5 million, Net Income of $461,000, and Earnings of .09 (negative)

    Now, when the company is clearly experiencing explosive growth, they just released these numbers - Revenues of $33.7 million, Gross profit of $15.4 million, NEt Income of $4.3 million, and Earnings of .27 (positive) ..

    And the stock is trading a 1/3 of what is was trading back in 2004 ... They have a much healthier balance sheet with $32 million in cash representing $2.06 in cash and have posted back-to-back triple digit quarterly growth in revenues ...

    With their newest entry into India,<<

    Very good post and that just goes to show that people are not paying attention to the many bargains that now exist in the SM.

4.95+0.01(+0.18%)Jul 22 3:56 PMEDT