<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
    <periodOfReport>2003-10-01</periodOfReport>
    <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0001046131</issuerCik>
        <issuerName>MIDAS INC</issuerName>
        <issuerTradingSymbol>MDS</issuerTradingSymbol>
    </issuer>

    <reportingOwner>

        <reportingOwnerId>
            <rptOwnerCik>0001162627</rptOwnerCik>
            <rptOwnerName>MLF INVESTMENTS LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>2401 WEST BAY DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 124</rptOwnerStreet2>
            <rptOwnerCity>LARGO</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33770</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
        <isDirector>0</isDirector>
        <isOfficer>0</isOfficer>
        <isTenPercentOwner>1</isTenPercentOwner>
        <isOther>0</isOther>
    </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>

        <reportingOwnerId>
            <rptOwnerCik>0001003947</rptOwnerCik>
            <rptOwnerName>FESHBACH MATTHEW L</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>2401 WEST BAY DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 124</rptOwnerStreet2>
            <rptOwnerCity>LARGO</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33770</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
        <isDirector>0</isDirector>
        <isOfficer>0</isOfficer>
        <isTenPercentOwner>1</isTenPercentOwner>
        <isOther>0</isOther>
    </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>

        <reportingOwnerId>
            <rptOwnerCik>0001260441</rptOwnerCik>
            <rptOwnerName>MLF PARTNERS L P</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>2401 WEST BAY DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 124</rptOwnerStreet2>
            <rptOwnerCity>LARGO</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33770</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
        <isDirector>0</isDirector>
        <isOfficer>0</isOfficer>
        <isTenPercentOwner>1</isTenPercentOwner>
        <isOther>0</isOther>
    </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>

        <securityTitle>
            <value>Common Stock, $.001 par value</value>
        </securityTitle>

        <transactionDate>
            <value>2003-10-01</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>P</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>170000</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>13.0324</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>A</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>1470030</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>I</value>
            </directOrIndirectOwnership>

            <natureOfOwnership>
                <value>By MLF Partners, L.P.</value>
                <footnoteId id="F1"/>
            </natureOfOwnership>
        </ownershipNature>
        </nonDerivativeTransaction>

        <nonDerivativeHolding>

        <securityTitle>
            <value>Common Stock, $.001 par value</value>
        </securityTitle>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>223770</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>I</value>
            </directOrIndirectOwnership>

            <natureOfOwnership>
                <value>By Account Managed by MLF Investments, LLC</value>
                <footnoteId id="F2"/>
            </natureOfOwnership>
        </ownershipNature>
        </nonDerivativeHolding>

    </nonDerivativeTable>
    <footnotes>
        <footnote id="F1">This Form 4 is filed jointly by MLF Investments, LLC ("MLFI"), Matthew L. Feshbach and MLF Partners, L.P. ("MLFP"). MLFI and Mr. Feshbach are deemed to be 10% owners of the Issuer. These securities are owned directly by MLFP, and owned indirectly by MLFI by virtue of it being the general partner of MLFP and by Mr. Feshbach by virtue of his position as the managing member of MLFI. Each of MLFI and Mr. Feshbach disclaims beneficial ownership of the shares owned by MLFP except to the extent of their respective pecuniary interest therein.</footnote>
        <footnote id="F2">These securities are owned by an account managed by MLFI. MLFI may be deemed to beneficially own such shares by virtue of it having the power to dispose or to direct the disposition of the shares and Mr. Feshbach may by deemed to beneficially own such shares by virtue of his position as the managing member of MLFI. Each of MLFI and Mr. Feshbach disclaims beneficial ownership of the shares owned by the managed account.</footnote>
    </footnotes>

<remarks>Exhibit Index:

Exhibit 99 - Form 4 Joint Filer Information</remarks>

    <ownerSignature>
        <signatureName>MLF Investments, LLC, By: /s/ Matthew L. Feshbach, Managing Member</signatureName>
        <signatureDate>2003-10-03</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Matthew L. Feshbach</signatureName>
        <signatureDate>2003-10-03</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>MLF Partners, L.P., By: MLF Investments, LLC, its general partner, By: /s/ Matthew L. Feshbach, Managing Member</signatureName>
        <signatureDate>2003-10-03</signatureDate>
    </ownerSignature>

</ownershipDocument>

