There's also an article with video of Stockton police officer demoing an Axon:
STOCKTON Body camera offers protection for police, public
i know... it's a holiday and that means it's naptime for me. GL with your trades on flyday.
When it's Flyday in New York, it's actually Saturday in Beijing (across the dateline).
You velcum... und i should probably apologize for making fun of Canadian weather ~ better off in the GTA than upstate NY (Buffalo) these days :)
Yes. again, watch the youtube review: watch?v=qeCLdTYmLcY ~(copy & paste into google search)
There's likely to be political intervention, if bodycams take off, and the on-off switch is an option that could get trashed with governmental regulation, or policy recommendations. Not an important issue (financially) at this juncture.
Yeah, no argument there, but the general trend is obviously to the upside ~ you can't argue with a first-mover advantage that speaks directly to a socially relevant issue. I have 2/3 of my budget ready for a Friday morning bear raid, and am actually crossing my fingers in hope that my initial entry point loses money ;)
Sound is an optional button push; the unit is recording video constantly, but doesn't record sound unless the user activates it. Battery life is good for a shift and a half (without sound) and Bluetooth enables live transmission to nearby devices (like a smartphone). I suspect that, with modern spectrum and bandwidth capabilities, live monitoring is next. You can see a good review of the camera (by a cop) on youtube: watch?v=qeCLdTYmLcY (copy & paste into google search).
I can't answer that question ~ nobody can. There are too many variables in play. All i can say is that TASR is likely to go much higher, in the short term. Long term, it all depends on execution. TASR has a first-mover advantage in a tech space that is now very culturally relevant. The company also has a unique opportunity to leverage it's position into a monopolistic advantage (the database). If Taser can execute efficiently, the technology is worth billions.
In the very short term, Friday morning is a critical trading point. It's likely to be a low-volume trading day. Either of two things can happen: Institutional interest can take advantage of the situation and drive the low volume pps down significantly, in order to cover & accumulate ~ I would consider that a buying op. Or, the big money may be holidaying on Friday, and existing momentum could drive the stock up a lot. Either way, TASR is a likely winner ~ police cameras are in, and here to stay. When to sell (and buy back in on consolidation) is just a technical question, something you need to watch on a daily basis.
If you watched the tape at all today, you would have seen that $22 was an artifact in resistance. It crossed $22 a dozen times today, but sufficient ghost shares were propped on that number to give "joe retail" the impression that $22 is a multiple-top resistance point... good for cover & accumulate, especially on a slow market day. TASR is going much higher after Thanksgiving.
It's still a ways off, yet potentially around the technological corner; the big picture here is "evidence". If Taser can position Axon as the hardware standard for law enforcement ~ and for now it's the best camera option on the market ~ then the cloud-video database will grow exponentially. It can be networked in real time, so that law enforcement agencies could access video footage to identify relevant information across municipal, state, and national lines ~ an enormous wealth of rich data. I mentioned this before ~ the evidence database is can become the Equifax of law enforcement. It reaches far beyond simple oversight, public protection, and event justification ~ it's actually a bit scary.
So, while the Winston-Salem contract isn't huge by itself, within the big picture it's enormous. That alone justifies a P/E far greater than what TASR currently has, and a correspondingly higher (much higher) pps.
uhhhh, i'm not sure how to respond to that. But, i'm thinking, a GCPD (Gotham City Police Department) would be very, verrry good... i mean, if James Gordon were to don an Axon camera in his next episode, then $30 is a done deal. Taser should pobably contact DC Comics and cut a deal.
i like it. (like = thumbs up, BTW). Taser has the best camera on the market, and the cloud subscription angle positions the company to become the Equifax of law enforcement. The cultural climate is conducive, and the technology is available. Electrowing initiates coverage with a strong buy, and $30 short-term price target. An Axon-Evidence contract with NYPD or LAPD would drive the stock much higher.
it's worth $250K in hardware + $291K per year, assuming the "Evidence Pro" cloud solution; $186K per year on the "standard" solution; $112K per year "basic" solution.
i don't know about "eliminating bad cops" since i'm sure you can just turn off the camera and slide in a dead battery before committing an illegal act... but it's still a good idea ;)