Stockchase Opinions

Benj Gallander Magnetek Inc. MAG-Q TOP PICK Jul 15, 2011

Drive systems for elevators, leading in their field. Got a hit when recession was on. 2 competitors, much larger are in same geographical location.
$1.870

Stock price when the opinion was issued

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TOP PICK
Slight possibility that it could be de-listed. Market capitalization is under $50M ($43M). They have until June to get into compliance. He thinks there is a reasonable probability they will be above by June. Backlog has gone up 113% year over year. Revenues rebounded nicely since recession. They have some legal and environmental concerns with companies they sold but gave indemnity.
DON'T BUY
Just sold his holdings last month when they talked about a stock consolidation. Usually, after a stock consolidation, the stock goes down and overall they are bad for investors.
PAST TOP PICK
(A Top Pick Jan 4/11. Down 14.51%.) When they announced a stock consolidation, he decided to get out and did so at $10.20.
PAST TOP PICK
(Top Pick July 15/11, Down 12.56%) Sold it when they announced consolidation. Zero debt. Beautiful company.