Benj Gallander Magnetek Inc. MAG-Q PAST TOP PICK Jan 17, 2012

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.

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

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.

(Top Pick July 15/11, Down 12.56%) Sold it when they announced consolidation. Zero debt. Beautiful company.