LoJack positioned for solid growth-Barron's

Newswire

NEW YORK, Aug 29 (Reuters) - Sales and earnings at LoJack Corp. are growing strong as an increase in auto thefts boosts demand for the company's stolen-car recovery system, Barron's reported in its latest issue. More and more drivers pay $695 for LoJack to install a radio transmitter that allows local police to track down their car in the event of a theft, Barron's said. The company says its system has a 90 percent recovery rate, it added. With revenue and profit-margins on the rise, ...

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