Benj Gallander
Magnetek Inc.
MAG-Q
DON'T BUY
Nov 03, 2011
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.
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.