Rebound for LoJack

Article Excerpt

LOJACK CORP. $5.18 (Nasdaq symbol LOJN; SI Rating: Speculative) (www.lojack.com; 781-326-4700; Shares outstanding: 18.5 million; Market cap: $95.8 million; No dividends paid) reported 6.6% higher revenue in the three months ended September 30, 2010, to $38.5 million from $36.1 million a year earlier. It earned $0.15 a share in the latest quarter, compared to a loss of $0.78 a share. Sales fell 6.9% at the company’s North American division, to $24.4 million from $26.2 million. International sales jumped 47.3%, to $13.4 million from $9.1 million. The U.S. still accounts for over 65% of LoJack’s revenue. As a result, the company will need a further rebound in American new-car sales to show substantial growth. In the meantime, it will benefit from its efforts to find new uses for its locator technology. LoJack is still a hold. hold…