Micro Cap LoJack Corp. (LOJN) blessed by the FCC
Source: http://thestockmasters.comPosted on Wednesday, September 3rd, 2008 | In Market Commentary
LoJack Corporation (NASDAQ:LOJN) shares at $7.64 could finally start to move back to the promise land. The FCC is allowing LoJack to now track missing people at risk, individuals of interest to law enforcement, lost or stolen cargo and hazardous materials. This could be a…
Micro cap stocks are defined as compaines with market capitalizations between $50 million and $300 million. . Today LoJack sits at $125 million.
The company also said the FCC has permitted the transition of LoJack’s network from wideband to narrowband, which would be completed by 2019.
The company has been looking to expand its business beyond the stolen vehicle recovery. In April, it acquired Locator Systems, which manufactures products to help police locate and rescue missing persons with Alzheimer’s, autism and other similar disabilities.
Last month, the company also raised its ownership stake to 60 percent in Supply Chain Integrity, a company that develops a protection solution that reduces and manages risk throughout the supply chain.
If the analysts get behing LoJack with this new FCC ruling, the stock could really move.
SOURCE: http://www.reuters.com/article/marketsNews/idUSBNG22070320080903
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