Tech Stock Investing: Taser Exhibits Its Comeback Stock Status
By Ann Sosnowski
In this article
TASR receives two new non-lethal weapon orders, one from law enforcement and one from the military.
TASR also joins iRobot in making a second generation PackBot Explorer.
Diligent Investor MicroCap Hot Sheet subscribers are already showing gains of 70.90% on TASR.
Tech Stock Investing: Taser Exhibits Its Comeback Stock Status
This week has been flush with increasingly good news for Taser International Inc. (TASR:NASDAQ). In only two days, the company has released news of two new taser orders, a strategic partnership, and a date for the release of its C2 model, which was unveiled at this past January's Consumer Electronics Show (CES) in Las Vegas.
First, about the two new orders:
The Riverside County Sheriff's Department in California ordered 1,420 Taser X26 non-lethal weapons this week. The order will ship both in the second and third quarter of this year.
Taser X26 non-lethal weapons retail for $799.95 per piece, so this order totals about $1.14 million without X26 accessories, like TaserCams.
Not only did it receive an order from law enforcement, but it also received a military order for the Taser X26. The United States military's major distributor Aardvark Tactical Inc. (no specific branch was specified) ordered 2,400 Taser X26 weapons, a total of $1.92 million according to the retail price of the weapons.
These should also be shipped out during the current and third quarter. Additionally, there are hopes for a follow-on order of up to $22.8 million worth of Taser equipment!
Tech Stock Investing: Taser Collaborates with iRobot
I've pounded the pavement for almost a year now, exclaiming that Taser is the comeback stock of the year. Already since the beginning of 2007, TASR stock has moved from $7.95 per share to $13.77, nearly double. Current Diligent Investor MicroCap Hot Sheet subscribers are seeing gains of 70.90% on TASR currently, one of the biggest gains in the open portfolio that's up a total of 239%.
Also in the news yesterday, and maybe some of the most exciting to date, is the strategic partnership between TASR and iRobot (IRBT:NASDAQ) the company that's ridden high on its Scooba and Roomba robots for housecleaning.
IRBT also has a PackBot Explorer that is used for military purposes. The deal between IRBT and TASR is to attach a X26 to the PackBot Explorer to incapacitate and control dangerous suspects from afar. This new taser robot can be used not only for military purposes, but also for border control, and hot-spot areas around American cities. (Yes, I live in Baltimore, and yes, I would support taser-like weapons posted on every hot-spot street corner, instead of the blue panic lights that ruin the skyline.)
This is, however, only the first of many projects that the two emerging technology companies plan to collaborate on.
Not only is TASR up on the collaboration news, but iRobot, which has been stuck in a long-term falling trend under its 200-day Moving Average practically since its IPO in November 2005, is finally back above its 200-day Moving Average.
If you are at all interested in investing in the company, now would be the time.
And finally, the C2 Taser, which has been created for civilian use and was unveiled at the CES in Vegas this past January, finally has a release date. TASR has announced that the C2 will be available on July 23. It had previously indicated that it would retail for $299 per unit. Incidentally enough, the release of the C2 coincides with Taser executives ringing the Nasdaq bell at the open of trading that day.
Of course I'm still bullish on Taser International Inc. (TASR:NASDAQ) and of course we're still holding! The company is well on its way to being at least a $30 stock in the next year.
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Ann Sosnowski is a small and mid-cap stock analyst for Taipan Financial News. She is the editor of Diligent Investor, a monthly newsletter that balances conservative and moderately risky investments that pertain to current market trends. She is also the editor of Diligent Investor Micro-Cap Hot Sheet, a monthly newsletter that finds the hottest penny and micro-cap stocks on the market.
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