Who says value doesn't matter?
It's ludicrous to claim that Taser's
- The margin mania of the 1920s?
- The "nifty fifty" stocks of the 1960s?
- The dot-com bubble of the 1990s?
As soon as the pundits claim that a company's valuation doesn't matter, it's generally time to head for the exits at full steam.
So what if there are no current competitors?
An investing rule to live by is to never fall in love with a stock. Even Taser's near monopoly won't save it forever. Once again, history is littered with companies whose former monopoly statuses have fallen by the wayside to reveal their soft underbelly. How well is Ford
And what electric growth prospects, exactly?
With a 22% drop in sales and a 95% drop in profits, growth is not evident in Taser's reported numbers. Add management's apparent intent to continue diluting shares, and the company just keeps having to work harder and harder just to stand still. Growth that makes its way to the current shareholders? I'll believe it after I see it.
If I want to gamble, I'll go to Argosy
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