» Update on Taser International Inc. (Nasdaq: TASR)

Update on Taser International Inc. (Nasdaq: TASR)

July 23, 2007 on 8:04 am | In Short Term Updates |

Sell TASR near $18.40

Shares of Taser have been on an incredible run for the last three months. We entered a position in Taser back in late March and since then shares of Taser are up over 120%. In that time frame Taser has successfully released the C2 and they have started to gain traction in foreign markets.

Although the fundamentals at Taser have certainly improved and the concern about wrongful death lawsuits has been largely mitigated, we think shares of Taser have outpaced the underlying business fundamentals. In the most recent quarter announced this morning, Taser posted earnings of $3.7 million on sales of $25.9 million. These numbers handily beat analyst estimates, but with a forward P/E that is still over 50, we think this is a good time to take profits in Taser.

Taser bulls will argue that the big French order promised by Nicolas Sarkozy before the French election has yet to materialize. Although a large order from France will likely produce yet another jump in Taser shares, we prefer not to wait around for a slow moving French government.

43 Comments »

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Nice call, I was already out of Taser about a month ago (a few weeks too early), but your timing on this one was fantastic. Next time I’ll wait for the official wmayhem sell.

Comment by Trader Joe — July 24, 2007 #
Great Call.
I found another blog that I really like just like this one.
Its called sharefolio.wordpress.com
But anyways great call!

Comment by Seth — July 24, 2007 #
Nice trade guys. I got in a little late (near $10), but I’m not complaining. At what price would you consider TASR again?

Comment by Mike B — July 24, 2007 #
Great timing guys, unfortunately I didn’t follow your advice. I still think TASR has some potential here, I sure wish I sold at $18, but now I might just hold on and see what happens instead of selling at $15.

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