TASR's website shows a lightning bolt in the middle of the camera that is being used by the LAPD (see also the Los Angeles Times for pictures).
Even if they made $35M in net income in 2015, a considerable increase over an estimated $20M - $25M this year, that would only be $0.64 EPS for 2015. Throw a 60 multiple on that and you're talking an upper 30s in pricing. But that's not bad (50% gain from here) given current economic conditions. What's dragging them down is the losses in the EVIDENCE segment (for the LTM ended September, that segment lost $16.6M dollars). It will take a while for that segment to become profitable.
“There are more and more advantages of having cameras than we’ve ever thought,” Soboroff said. “It’s music to the ears of the LAPD and law enforcement and the community.” Soboroff is president of the Police Commission.
They will be going with Taser's camera. 800 will be delivered by the end of January with the rest of the order to be completed by June 2015 (1,240 per month). TASR may have to go to a second shift. Should be interesting to see if they advertise in the Phoenix newspaper for new hires.
$800,000 is way too high. Even if TASR cameras were provided for all 450 of Akron's police officers, the annual cost of using TASR's cloud service would only be $81,000.
According to the Dec. 2014 issue of trade magazine Employee Benefit News, the ACA has opened up benefits outsourcing. Smaller employers are looking to their payroll vendors to track and report employee hours to the IRS. TNET appears to be in a sweet spot, but I can't help thinking that company HRs can determine the hours of their employees on their own. Professional services seemed to have slowed during 3Q14. With a P/E ratio of 160, this stock is pricey. With the stock issuance, substantial dilution has occurred but the balance sheet is less complex with all the preferred stock eliminated. Hopefully their 2014 annual report will discuss, in specific terms with specific examples, the ACA impacts Corporate America and how TNET's professional services can help their clients. School will be in session with that report.
And if it has the proper authority, it can be revised and edited. And once the audit trail indicates this, the video can lose its credibility.
Can their evidence system be revised? Taser video can be downloaded to a PC but it is editable. But that allows the defense to bring up the issue that the video was tampered with.
Voting against all incumbents every two years for about six years should do it. Now if Nevada voters will stop voting for Reid, that disaster (he called people liars recently in Congress) will be out of Congress. Then there is Mitch McConnell who is on the record that he doesn't want to fund the SEC to protect investors (albeit not well, but what other federal agency is there to protect investors?).
Two sheriffs, one in Sacramento County and one in Placer County, CA were killed in October by an illegal immigrant. He was captured. The first sheriff was killed as he approached a suspicious vehicle. He was wearing no camera.
The article also has about a two-minute video demonstrating the TASR body camera and instructions on how to use it.
The notable item in the article is that Folsom, CA has been using body cameras since 2008. So someone beat TASR, since that is when they started developing theirs.
Banks and insurance companies, notably AIG, were NOT forced to make loans. They continued the process of making loans to less worthy applicants so they could continue to make money. The Federal Reserve Bank noticed liberalized qualifications for home mortgages, including no income support, as early as 2006, but Fed chairman Alan Greenspan did nothing about it, saying "we didn't have enough field agents." He was the chairman for goodness sakes; hire more! This from a front-page article in the New York Times in early 2009 after disaster struck. His name is now mud.
If he complied, he wouldn't be dead but probably arrested. Why didn't he comply? That comes first.
I said nothing of the kind. You like to put words in people's mouth, don't you? Get back to the point I mentioned: why didn't he comply with their request?
It's unfortunate what happened to Mr. Garner, but back up a step. Why did the police have to force him to the ground? Because he wasn't complying with their request to turn around and put his hands on the wall. Why didn't he comply with that request? What was stopping him from doing so? He started arguing with them. No one--black, brown, yellow, or white--is going to win the argument except the police. Police can come up to anybody, at any time, and request their identification. That's not profiling.