Stocks are getting hammered today. Like all small investors, watching your portfolio value drop considerably in just a few days hurts but I am taking advantage of the situation and buying some more TASR.
The company has great growth prospects, a (mostly) non-lethal protection device that police can use to subdue their subjects with a high rate of reliability. Police forces all over the world are snapping up the devices and TASR is capitalizing by providing upgrades such as the TaserCAM, new technology for officers (such as the new XREP shotgun shell), additional models for citizens and even some space-age technology for the military.
They seem to be firing on all cylinders and their financial statements prove it. Their stock moved between 6 and 10 dollars for nearly two years, but their recent success has caused the stock to significantly break out, trading between $14 and $17/share for the last month or so. Recent market worries have taken the stock down to $12.50/share. I don’t see any company specific news to warrant this. I don’t expect security budgets to decrease any time soon that would hurt demand. Their issue with lawsuits has waned considerably over the last year. This company rocks. I bought more today, seems like its trading at a great discount at today’s prices.
on Sep 5th, 2007 at 7:40 pm
Well, over the last couple weeks the stock has risen to 14.50 which is back about where I’d expect it to be. Holding on to it for now, though I may regret that. A bird in the hand is better than two in the bush…