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The Company is a provider of technology products and services for the tracking and recovery of valuable mobile assets.
Focus article will be coming soon
A CAPs person commented that with GPS and cell phones maybe LoJack isn't needed. Yet it is those "do it all" devices that often are not functioning when you really need it. It is unlikely that your cell phone and GPS will be on, and sending out triangulation signals when your car is stolen... much less that someone will put the pieces together from what little there is of that data to find your car. The "specific purpose" electronic device is the one that will continue to doggedly shine at its intended purpose. I know what I would trust if I had a choice in purchase - the strongest brand with the tightest LE (Law Enforcement) association. For me that is LoJack.
Good value, good numbers, good moat
Almost unlimited potential.
Leader in stolen vehicle recovery systemsExpanding in international marketsEarnings power is about 0.85 per share, & is thus undervalued at current price of about $6/share
LoJack provides security systems for cars as well as motorcycles, construction equipment, and even laptops. It is able to find your car 9 times out of 10 after it has been stolen. Many police cruisers have LoJack software installed already. Market cap is $190 million and net cash is $45 million. LoJack is exposed to fluctuations in new car sales, especially in California, and weakness in that market is impacting results. But this is a great brand, and a pretty good business. The time to buy it is when recessionary pressures are hurting results and the stock price. That time is now.
LoJack current earnings are depressed by some one-time charges and the costs for entering new local markets (i.e. Italy).LOJN is expecting fiscals 08s earnings to be around 80 cents per share (a forward PE between 10 and 11) because their fate is pretty much linked to the weaking car sales. Yes, that's not so good, but it's no reason to throw a great company with a great brand out of the window for less than 1,5 times book value. People will return to the car dealers, sooner rather than later. LoJacks foreign investments are likely to pay off in the near term and new products like LoJack for Laptops, LoJack for Motorcycles and LoJack for Cargo may be the future areas of growth.
Makes vehicle recovery systems and early warning systems. When economy picks up, they'll make money.
like to go for cinches. I like to shoot fish in a barrel. But I like to do it after the water has run out."- Oct. 2003 talking with Wharton MBA students -Buffett
Big Brother is coming everywhere, whether you like it or not.
steal a car go to jail
The name Lojack means recovery of stolen property. Is a fast growing but very soundly managed company.
Market placement and business model
Solid ROE and free cash flow. Plenty of room for growth, particularly in international markets, which LoJack is beginning to tap. Network with law enforcment agencies a big plus.
Highly Leveragable business model with applications in various higher end expensive products other than cars and trucks. Great long-term growth prospects, business could become significantly attractive as an add-on position for a larger conglomerate
Maybe I'm crazy, but I'm going to go against the grain on this one. I thought it was a terrific idea when it first came out, and I even registered to be a dealer, but now, you don't see any more advertising, and with GPS, cell phones, BlueTooth, and "On-Star" being built into cars, I have a feeling it won't be long before someone else builds a better (and cheaper) mousetrap.
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