In a comprehensive 2011 interview with Mike Prusinski, then senior vice president, LifeLock - gives the history of the company. LOCK FOUNDED ON BIG PROMISES AND A PR STUNT THAT FLOPPEDĪfter multiple personal bankruptcies, Robert Maynard joined with Todd Davis to co-found LifeLock in 2005. THE QUICKER PATH TO $0: SOME HISTORY & THE FTC Despite these risks, the stock trades at sky-high valuation of >100X TTM P/E excluding a one-time favorable tax adjustment in Q4 2013. I think LOCK could be a $0 stock very soon if the FTC acts as quickly as it has in some other cases, or within a few years as new competition ramps up in the slow-growth, competitive, commodity market that LifeLock operates. Watch Short Video Summary of LifeLock Report Here Now. Meanwhile insiders pay themselves handsomely: the top 6 execs bringing in $13.9mm in 2013 alone according to the proxy. In my opinion, LifeLock is the smelliest kind of deceptive company, creating unnecessary fear and playing off of people's desire for security. LifeLock ( NYSE: LOCK) claims to offer a service to help protect your identity from theft and unauthorized credit charges.
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