MAGS - Magal Security - Airport Bomb Detection + more Message Board

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Non-Tech : MAGS - Magal Security - Airport Bomb Detection + more

MAGS 68.17

+0.1%

Dec 24 4:00 PM EST

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To: Douglas who wrote (341)	1/18/1999 9:32:00 AM
From: William Harvey	Read Replies (1) of 394

Nice article, Douglas! The 4thQ at Magal is usually the brightest. In 1996, 4thQ profits were 71% of the first 3Q's put together. In 1997, there were $1M in acquisitions in both the first and fourth quarters. Counted as net income, then the fourth quarter equalled 160% of the first three quarters' net income. If the acquistions were counted as gross income and taxed at 20% (avg for MAGSF) then the fourth quarter equalled 220% of the first three quarter's net income. In the first three quarters, we've had 20 cents in net income and the analyst is projecting 11 cents for the fourth. Seems rather conservative but that's what makes things interesting. WH

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