LOJN
P/E (ttm): 11.18
PERIOD ENDING ...31-Dec-07 .30-Sep-07. 30-Jun-07 .31-Mar-07
Retained Earnings 93,188 . 91,826 ... 85,576 . 78,864
Total Revenue ....55,325 .55,103 ... 58,223 . 54,098
Sale (buy) Stock. (3,662) ..(6,007)... (1,537) ...(3,402) <-----buyback
Net Borrowings...... 119 ..1,987 .....860 ..... 834
http://stockcharts.com/charts/gallery.html?lojn
<--forming sup****t at
$12?
Short % of Float (as of 26-Feb-08): 9.80% <--------motivated buyers
Qtrly Revenue Growth (yoy): 8.40% <--------ok
Qtrly Earnings Growth (yoy): -18.60% <--------bzzzt
Total Debt (mrq): 26.48M <-------------11% of revenue... fair/poor
LoJack Cor****ation, together with its subsidiaries, provides technology
products and services for the tracking and recovery of mobile assets,
stolen vehicles, motorcycles, and construction equipment. The company
offers LoJack Unit, a LoJack System component that consists of VHF,
transponder with antenna, microprocessor, and power supply, as well as a
set of codes unique to the unit; and LoJack Early Warning Unit, an
optional component that provides early notification to vehicle owners in
the event of unauthorized user operating the vehicle. It also provides
Boomerang Unit, a Boomerang Tracking System component, which consists of
a cellular band radio frequency transponder to locate and recover stolen
vehicles; Boomerang2 and Boomerang Espion Alert Units that build upon the
Boomerang Unit by integrating two-way communications and diagnostics to
provide automatic theft notification by sending a signal upon any
unauthorized vehicle movements; Water Resistant Boomerang Unit for
installation on construction equipment and marine crafts; and ****table
Boomerang Unit for installation in special applications, such as cargo.
The company markets its products through its sales force, telemarketing
representatives, direct mail, and automobile dealers. It operates in
Europe, Asia, Africa, Latin America, and South America. The company was
founded in 1978 and is headquartered in Westwood, Massachusetts
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http://biz.yahoo.com/prnews/080312/new064.html?.v=43
EXCERPT:
For the calendar year 2007, LoJack recovered more than $18 million in
stolen construction equipment assets. Since LoJack entered the
construction market in 2000, the company has recovered more than $86
million in stolen construction equipment.
=================
`FROM THE 10K ANNUAL RE****T:
In October 2006, we entered into a stock purchase agreement with SCI, a
Bothell, Wa****ngton based company which provides solutions for cargo
stock theft prevention, investigation, tracking and recovery. Under the
agreement, we invested $3,000,000 of cash to be used for investment in
the cargo and tracking recovery business. In return, we received a 40%
minority owner****p in SCI and representation on its Board of Directors.
SCI will leverage its existing experienced sales force to sell the
recently branded "LoJack inTransit" service. In addition, we received
warrants to purchase 3,600,000 shares of SCI Class A common stock over an
eight year period with exercise prices of between $1.00 and $1.92 per
share. We have allocated $109,000 of our investment in SCI to these
warrants.
---------
In June 2005 we entered into a ten year trademark license agreement with
Absolute Software, a Vancouver, British Columbia, Canada based computer
theft recovery company to brand its consumer offering "LoJack for
Laptops".
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