| An SI Board Since April 1999 |
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Lason is a mixed technology services provider that has been rapidly acquiring smaller companies and leveraging them into a much larger and more profitable organization. The stock is down almost 40% from its recent highs, but, their busines model and growth record remains in tact. The stock has been especially hurt by the arrest of several employees of a company that Lason bought. The employees are charged with crimes related to the USPS and shortchaning the post office on direct mailings that the company was involved with.
However, the USPS has recently verified that any charges are related to activities prior to Lason's purchase of the company.
biz.yahoo.com
Lason has recently made several additional acquisitions, including a very large one in Europe. The company's expansion into Europe opens up vast new opportunties as these types of conversion services and other outsourcing is still, largely, a small business niche on the continent.
biz.yahoo.com
biz.yahoo.com
Profile header from Yahoo:
<Lason Inc. provides integrated outsourcing services for image and data capture, data management, and output processing. The Company primarily serves customers in the manufacturing, healthcare, financial services and professional services industries. For the fiscal year ended 12/31/98, revenues increased from $120.3 million to $279.8 million. Net income increased from $9.1 million to $18.2 million. Results reflect the Co.'s growth and acquisitions, and the favorable service mix.<
biz.yahoo.com
The company has shown a remarkable capacity to digest buyouts and then leverage them through the rest of its organization to rapidly improve the profitability of its acquired companies. The recent downdraft seems like an excellent buying opportunity to get in on one of the up and coming tech services companies out there.
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