Riding Along With LoJack
There was one earnings report that I was waiting for yesterday, an under-the-radar company that is now getting little or no analyst coverage. After the bell, that company, LoJack (LOJN), a fairly familiar brand name that provides vehicle tracking and recovery systems, posted some good numbers for the fourth quarter.
I last wrote about LoJack in early August, when market volatility was on the upswing. Since then, the shares have done little; in fact, they are down 10% while the "broader markets," in this case the Russell Microcap Index, is up about 3% during the same period. It was much worse for LoJack near year-end, as shares slipped into the $2.30 range, before rebounding $3.60 in early January, primarily due to a buyback announcement of up to 10% of outstanding shares, and subsequent follow-through. Since then, they have given back about 10%, ending yesterday at $3.23....368 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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