I was very fortunate to be able to cover the great percentage of my position yesterday without a loss.
Starting to re-evaluate plans in regard to Taser, as its just too volatile to be considered an investment.
With the .86 spike yesterday, I'm wondering if TASR isnt nearing where it should be considered fairly valued.
Although their CEW's are superb and have no real competition, the companies only real chance at growth is in the camera and evidence arena. The problem with that is there is a low barrier to entry and other players have already entered and will be competing and thereby reducing margins and profits for Taser.
Additionally, this is a $611 million cap company with net income of ~ $18.34 million. I don't think this will ever be a growth stock.
I think the earnings report will be another snorer. Little higher, or a little lower than estimates, no big deal.
I think everyone's tired of the manipulation of this stock. Agree Taser's CEW's are the only real answer available right now. Jury is out on the evidence profits. Tough sell to cash strapped municipalities right now, but may catch on. Camera's are a commodity at this point, and a one time minor profit if the evidence package isn't sold.
Fairly valued, in view of profits, PE ... possibly.
Taser is trying not to be a one trick pony. Time will tell.
The Cloud/EVIDENCE is the game changer, in my estimation. TASER has a great number of LEA's, already, in place with its stun guns, and, now, with EVIDENCE, and its recurring revenue, and invaluable savings in warding off potential law suits, I see huge growth. Furthermore, the way I understand it, any camera competitors have the ability to, also, upload its recordings to EVIDENCE.