On May 2, 2006, I posted LoJack on Stock Picks Bob's Advice when the stock was trading at $23.51. LOJN closed at $16.38 on October 26, 2007, for a loss of $(7.13) or (30.3)% since posting.
On August 1, 2007, LoJack (LOJN) announced 2nd quarter 2007 results. Revenue for the quarter ended June 30, 2007, climbed 3% to $58.2 million from $56.7 million in the same quarter the prior year. Net income was up 22% to $6.7 million or $.35/diluted share from $5.5 million or $.29/diluted share the prior year.
The Morningstar.com "5-Yr Restated" financials page is intact.
However, with the anemic growth in revenue from the latest quarterly report, the weak-appearing 'point & figure' chart from StockCharts.com ,
LOJACK (LOJN) IS RATED A HOLD
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$16.21 (10/29/07)
