Vince Martin
Long/short equity, value, gambling

LifeLock: Positive Changes, But It's Not As If The Stock Is Cheap

I've been sniffing around LifeLock (NYSE:LOCK) as a short opportunity since the company settled an FTC lawsuit in October, leading to a huge gain in the stock. That gain, of course, only partially offset the plunge in July when the FTC suit was filed:

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Truthfully, I didn't really like the company, and I was particularly unimpressed with management. The FTC lawsuit - itself a result of LifeLock violating a 2010 consent order - wasn't the only stumble. There was the acquisition of Lemon Wallet in late 2013. LifeLock spent $42 million on the app maker only to pull the product without warning less than 6 months later. The company hired a Chief

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