Magnifoam Tech MTG/ASE Message Board

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Gold/Mining/Energy : Magnifoam Tech MTG/ASE

MTG 29.22

-1.3%

Dec 31 3:59 PM EST

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To: Ron Nairn who wrote (131)	10/3/1999 1:12:00 PM
From: terry astle	Read Replies (1) of 144

Hello Ron MTG recently completed the consolidation of it's operations & now has 2x the floor space dedicated to it's aerospace manufacturing.In response to strong demand for it's PolyFab products it expects to add a second water-jet cutting station within the next 3 months. The recently announced FAA directive ordering US registered airlines to replace the metallized Mylar insulation on their aircraft within 4 fours could translate into a potential US $225MM market opportunity for Magnifoam. Mgmt. has indicated that it's foam sales are picking up & have opened a sales office in Richmond,Virginia Firsr quarter results showed a revenue increase of 11.7% & continued profitability of the operations. With over 5mm in cash it seems to me at current prices it's a good buy . Regards

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