hi campers,, just took a small position,, maybe add more? looks like lojn just broke a 5-6 year down-trend.. very little debt.. volumn dried up..tops in their feild? these are the positives.. anyone see somthing i missed either way? negatives.. might be revs are flat..but 50 cents earnings and growing,, thats nice. ???
Welcome aboard new kid. This BB is basically dead as all previous posters who have been riding the stock all the way down have either moved on or passed away.
I've also recently jumped onboard as I see the company turning from a fundamental standpoint. I'm expecting revenues to start ticking along at above prehistoric rates as LOJN have just recently launched first new product offerings since a long time. This, coupled with a new initiative to start reducing cost side by outsourcing to 3rd parties the installation costs leads to some interesting financail dynamics over the next few quarters.
Expect the BB to start filling up again as the stock price starts to climb.
Management here is very weak. No senior manager at LOJN has Automotive channel proficiency or industry experience. These are mainly consumer products people. They hack off their selling dealers EVERYDAY over JD Powers 'Customer Satisfaction' survey mishaps on installations.
Proceed with caution on new stock positions. Trading volume is also extremely low. Stock has no liquidity in the event of any selling pressures.
Recent spike may be attributed to a potential buy-out in the makings.