Hold on to LoJack

Article Excerpt

LOJACK CORP. $3.78 (Nasdaq symbol LOJN; SI Rating: Speculative) (www.lojack.com; 781-326-4700; Shares outstanding: 18.5 million; Market cap: $69.8 million; No dividends paid) sells systems that help track and recover vehicles after they’ve been stolen. LoJack sells its products in the U.S. and 30 other countries. In the three months ended June 30, 2010, LoJack’s revenue rose 5.6%, to $37.4 million from $35.4 million a year earlier. Excluding one-time items, it lost $0.16 a share in the latest quarter, compared to a loss of $0.73 a share. Cash flow was positive in the latest quarter, at $1.1 million, or $0.06 a share. LoJack will need a further rebound in U.S, new-car sales to show substantial growth. Meanwhile, it aims to benefit from its efforts to find new uses for its locator technology. These include tracking and recovering people with special needs who are in distress, as well as cargo and hazardous materials. LoJack is still a hold. hold…