Hit #155 (MapInfo)

MapInfo (MAPS) is being bought by Pitney Bowes (PBI) for $406 million in cash. The offer of $20.25/share represents a gain of 105% over my average cost of $9.88.

I would have welcomed a stock swap as Pitney Bowes, especially at an effective discount and hence a higher real yield, is a great buy and hold forever stock. For long-term investors Pitney Bowes is still a good buy.

I mentioned MapInfo when @Road (Hit #136) got acquired. One other mapping service provider cited in that post, Navteq (NVT), a Philips spinoff, remains a buy today.

Ituran (ITRN) and LoJack (LOJN) also good as long term growth plays, but be prepared to add at lower prices.

---

Previous hit - WebEx(#154)