For the three months ended 31 March 2008, TASER International, Inc.'s revenues increased 47% to $22.5M. Net income totaled $1.2M, up from $495K. Revenues reflect increased sales of the Taser X26 product line and single cartridges as well as increased international sales. Net income also reflects an increase in gross margins and improved operating margin. The Company's providing advanced electronic control devices for medical and military. http://www.taser.com
Estimates are for 180% growth next year over this year's est 0.07 operating earnings fpr a la-la land fair value of 12.60. I think 7 is more realistic for a fast buck, with a close eye on the 50 day MA. If the stock goes against me 3-5% or fails to cross and hold above the 50 day average on a rally, then I would sell!
Technically, the stock just broke out of recent resistance on rising, but not spiked (important) volume, leaving a lot of volume to come for the drive to the 50 day average.
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