June 22nd, 2004
SpeculatingStocks.com Stock Pick: Taser International, Inc. (TASR)
Price: $30.45 (short-term strong buy)
Taser International, Inc. makes "less-than-lethal" weapons designed not to kill, but to stun people into submission with an electrical jolt measured in MDUs -- muscular disruption units.
Their main products the TASER M26 and X26 have become a favorite of law enforcement agencies around the world. The futuristic draw of this company and its implications in Homeland Security has made it a Wall Street favorite.
Split-adjusted TASR shares ran as high as $65 two months ago. Yesterday, the company released new guidance expecting 150% revenue growth for 2004. Q2 earnings are expected to come out before the bell on July 20th.
It looks as if all eyes are on TASR again.
SpeculatingStocks.com Target Price: TASR shares could easily run above $50 in the next month.
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