You Heard It Here First
Of course, I told many of you about this opportunity...
Remember that you heard it here first late last year… I’m talking about Taser International Inc. (TASR:NASDAQ).
Jefferies & Co.’s homeland security analyst Matthew G. McKay stated that his top pick for 2007 was TASR because he believes that the company has overcome its stigma from years past and will continue to gain orders from police departments across the country.
His targets for the company’s 2007 fiscal year includes revenue of $105 million, compared with the $68 million it expects to report once the 2006 numbers are calculated.
Currently, 25% of police departments in America own stun guns. McKay believes this number will increase to 35% by the end of the current year.
Of course, I told many of you about this opportunity back in September 2006, when the stock traded for $7.85 per share. Some Diligent Investor MicroCap Hot Sheet readers already made 20% a month and a half after entering the position by selling half of their shares.
I’ve been touting this stock, singing its praises, and recommending it to every person I see. Just remember that you heard about Taser being THE comeback stock here… more than three months ago.
During the holiday week, Taser did report a lot of good news, which in turn is getting other analysts, who originally pushed the company to the wayside, to start recommending it again.
On December 28, the stun-gun maker received three international orders totaling $2.3 million. The company was very reserved when identifying any of the buyers and merely stated that, “French customers account for more than $1.6 million of the total.”
And as has been the expected norm, the company had its thirtieth liability case concerning wrongful death against it and its stun guns dismissed the same day.
Currently, TASR is valued at almost $8 per share. In October 2006, the stock jumped above $10 per share, resulting in my readers selling half of their holdings and holding the rest for the long term.
In TASR’s trading lifetime, $8 per share is obviously not a high price when you consider that the stock traded for $35 in 2004. But a stock has to begin its rise somewhere. And this is the new support platform.
With liability cases against its products continuing to be dismissed, and orders increasing globally, as well as on home turf, this Phoenix based “homeland security” company is getting its second wind.
If you have a position in TASR, continue to hold.
And finally, another note that I just can’t keep to myself…
Another play that I recommended early on in Diligent Investor MicroCap Hot Sheet’s beta testing phase as WaveStrength Hot Sheet was Almost Family Inc. (AFAM:NASDAQ). I recommended shares of this home healthcare company that is acquiring private home healthcare companies, mainly in Florida, at $23.90 per share.
Would you believe that AFAM now trades for $43.81 per share? Diligent Investor MicroCap Hot Sheet readers are now sitting on a tidy 85% gain.
Of course, the stock splits in a few days. After analyzing the effect this split has on our position, I’ll be in touch concerning a hold or a sell.