Posted on November 21, 2022
We were once great fans of the police…
But that was in our younger years.
Today’s cops—at least those here in Israel—are careerist types, looking for bonuses and waiting for their pensions to kick in.
A far cry from the gumshoe detectives of a former, more creative era, Israeli policing today involves sitting on yer arse and threatening suspects with torture if they don’t confess.
And if that fails, torturing them.
So it’s with little remorse that we turn our sights on AXON Enterprise Inc. (NASDAQ:AXON), makers of TASERs and other cop-related software and bodycam technologies, employed the better to render you helpless against the almighty state.
Well, let’s start with a quick look at the fundamentals, because that tells the greater part of the market’s confusion with the stock.
In other words, the stock is trading at a puffed-up price that has no fundamental justification and awaits immediate incarceration.
Remember, this is a manufacturer with a long-term DIMINISHING sales record.
The reason for the hype was an earnings beat on 8 November—AFTER analysts had retreated on estimates like lambs running from a wildcat.
The stock jumped 14% on that day, and the bulls got giddy.
Everything has an appointed season, and there is a time for every matter under the heaven…
With kind regards,
Hugh L. O’Haynew