MAGNETEK COM USD0.01 (NASDAQ:MAG)

CAPS Rating: 1 out of 5

The Company is a provider of digital power control systems that are used to control motion and power primarily in material handling, people moving, telecommunications and energy delivery applications.

Results 1 - 12 of 12

Recs

0
Member Avatar OklaBoston (68.16) Submitted: 3/16/2014 11:10:42 PM : Underperform Start Price: $18.97 MAG Score: -4.37

Minimal and sinking insider ownership, bad Q/Q numbers, plus deteriorating technicals.

Recs

0
Member Avatar import2udirect (90.44) Submitted: 8/9/2012 11:58:53 AM : Outperform Start Price: $12.50 MAG Score: +26.17

I don't think the demand for this kind of technology is going to be going away any time soon im not sure why the price dropped so much recently but maybe now its possibly oversold and it looks like a good long opportunity anyway

Recs

0
Member Avatar chimpcontest (< 20) Submitted: 2/21/2011 1:51:21 PM : Outperform Start Price: $21.50 MAG Score: -47.55

dragonLZ haiku

Solar and wind play Okay

Birds tweet fishies swim trees grow

enter my pick please

Recs

0
Member Avatar Silifolio (< 20) Submitted: 9/8/2008 11:36:51 PM : Outperform Start Price: $46.90 MAG Score: -108.94

Just getting started.

Recs

0
Member Avatar wastedtooth (< 20) Submitted: 6/10/2008 4:25:57 PM : Outperform Start Price: $46.10 MAG Score: -98.53

i'm keeping my eye's on this one

Recs

1
Member Avatar Franci67 (47.96) Submitted: 4/17/2008 11:48:12 AM : Underperform Start Price: $32.70 MAG Score: +81.16

Don't know why just a feeling that this company's outlook is not good. Don't see companies buying much in the way of their products right now. Business is down all over and I think their business will suffer just because other business are.

Recs

0
Member Avatar ottopay (< 20) Submitted: 1/2/2008 2:11:28 PM : Outperform Start Price: $40.10 MAG Score: -84.11

Has good potential in several growing markets. should receive permission to book 23 million set aside for patent reversal.

Recs

0
Member Avatar calles24 (< 20) Submitted: 10/12/2007 1:28:18 PM : Outperform Start Price: $50.90 MAG Score: -86.37

developing excellent new products.

Recs

0
Member Avatar LeathelCApGun (44.61) Submitted: 10/11/2007 8:17:18 AM : Outperform Start Price: $52.32 MAG Score: -86.44

10

Recs

1
Member Avatar dcbreber (< 20) Submitted: 6/26/2007 6:16:19 PM : Underperform Start Price: $49.20 MAG Score: +92.04

Overrated and overvalued stock with shrinking revenues.

Recs

2
Member Avatar dapicka (< 20) Submitted: 11/30/2006 1:42:30 PM : Outperform Start Price: $54.70 MAG Score: -104.55

alt. fuel cell sleeper, chart was moving up while alt. fuel sector was tanking..Same with FSYS..

Recs

3
Member Avatar b5l8 (90.64) Submitted: 10/12/2006 9:44:20 PM : Outperform Start Price: $41.60 MAG Score: -97.53

Magnetek to Exit Power Electronics Business; Fiscal 2006 Results Reflect Pending Divestiture.
The Company's objectives for calendar 2007, following the divestiture of PEG, include:

-- Paying off debt. While the patent arbitration case referenced above will have a bearing on this, a decision unfavorable to Magnetek would not prevent the Company from substantially reducing its debt with divestiture proceeds.
-- Making a sufficiently large cash contribution to Magnetek's pension trust fund to reduce or potentially eliminate the need for further contributions, potentially restoring stockholders' equity to over $100 million.
-- Reducing general and administrative expense, much of which is currently incurred through corporate overhead and recognition of pension costs, and interest expense that would be reduced or eliminated by the aforementioned debt repayment.
-- Focusing on the Power Control Systems business, enabling Magnetek as a whole to realize expected gross margins of around 30% with positive operating profit, income and cash flow.
-- Using the Company's $146 million of net operating loss carry-forwards (NOLs), most of which do not expire until after 2020, to shelter income from taxes.

In sum, given three to six months following the divestiture of PEG to consolidate operations and relocate administrative functions, management expects Magnetek to emerge as a solidly profitable company with positive cash flow, negligible debt and outstanding growth opportunities.

Results 1 - 12 of 12

Featured Broker Partners


Advertisement