Re: [CANSLIM] TASR

From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] TASR
Date: Wed, 9 Jan 2002 09:55:15 -0500
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Hi Katherine,

On your third point, only if you seem threatening, and at least it's non =
lethal.

Tom Worley
stkguru@netside.net
AIM: TexWorley
  ----- Original Message -----=20
  From: Katherine Malm=20
  To: canslim@lists.xmission.com=20
  Sent: Wednesday, January 09, 2002 10:08 AM
  Subject: Re: [CANSLIM] TASR


  Three thoughts, Tom.

  First, whether or not you play this as "pure" CANSLIM, I think your =
analysis shows how important underlying fundamental due diligence is =
when assessing the quality of a stock/company. The longer the expected =
holding period, the more important this becomes.

  Second...excellent pick!

  Third...darn....are we going to have to worry about random people =
tasering us in a crowded mall?


  Katherine
    ----- Original Message -----=20
    From: Tom Worley=20
    To: canslim@lists.xmission.com=20
    Sent: Wednesday, January 09, 2002 8:39 AM
    Subject: Re: [CANSLIM] TASR


    Hi Katherine,

    TASR is a good example of where my propensity for fundamentals pays =
off when used in combination with CANSLIM. I liked the story of Taser, I =
knew the product (non lethal weapon, electrical). I held off initially =
because their sales were so low, and they were yet to be profitable (one =
of my basic requirements). But after 9/11, when I saw the airlines =
talking to the company (and over 1,000 police departments were already =
testing or using their tasers), I saw the immediate value of their =
product, and the likelihood of FAA approval (expected now later this =
month).=20

    United Airlines already contracted with them for about 1,000 units =
(at about $600 each, doesn't sound like much but a big percentage of =
quarterly sales, and they have inventory for immediate delivery, so =
should be in Q4 results. Two other airlines also contracted with them, =
and several others are talking to them, but waiting on FAA approval of =
non-lethal weapons in the cockpit.

    Now they also announce that they are introducing a "home consumer" =
stun gun, lower powered than the police version. Opens up another piece =
of the marketing pie. Less than 30 minutes into today's open, it already =
up over 21% on over 4X ADV, I'm smiling.

    Tom Worley
    stkguru@netside.net
    AIM: TexWorley
      ----- Original Message -----=20
      From: Katherine Malm=20
      To: canslim@lists.xmission.com=20
      Sent: Wednesday, January 09, 2002 9:06 AM
      Subject: Re: [CANSLIM] TASR


      Nice catch, Tom. It shows the value of knowing the underlying =
stock and catching it on good pullbacks. In your analysis, would it =
bother you that they have several quarters of negative EPS? I also show =
a forward growth rate of -2%. Because of this, a stock like TASR would =
run below my radar. What's your take on forward growth? I suppose if =
they were awarded any substantial contracts, etc., their forward story =
would be different than the current analysis would suggest.

      Katherine
        ----- Original Message -----=20
        From: Tom Worley=20
        To: canslim@lists.xmission.com=20
        Sent: Wednesday, January 09, 2002 7:46 AM
        Subject: [CANSLIM] TASR


        Taser is currently crossed market in pre-market trading after =
heavy volume and a 13% gain yesterday. Currently trading 16.75, up =
nearly 15% more. Obviously way too extended to buy, but if you were as =
lucky as me to buy more at yesterday's low, looks like a volatile and =
hopefully nice ride today on a likely gap up on the open.

        Tom Worley
        stkguru@netside.net
        AIM: TexWorley

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<DIV><FONT face=3DArial>Hi Katherine,</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>On your third point, only if you seem =
threatening, and at=20
least it's non lethal.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
TexWorley</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
  Malm</A> </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, January 09, =
2002 10:08=20
  AM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
TASR</DIV>
  <DIV><BR></DIV>
  <DIV>Three thoughts, Tom.</DIV>
  <DIV>&nbsp;</DIV>
  <DIV>First, whether or not you play this as "pure" CANSLIM, I think =
your=20
  analysis shows how important underlying fundamental due diligence is =
when=20
  assessing the quality of a stock/company. The longer the expected =
holding=20
  period, the more important this becomes.</DIV>
  <DIV>&nbsp;</DIV>
  <DIV>Second...excellent pick!</DIV>
  <DIV>&nbsp;</DIV>
  <DIV>Third...darn....are we going to have to worry about random people =

  tasering us in a crowded mall?</DIV>
  <DIV>&nbsp;</DIV>
  <DIV>&nbsp;</DIV>
  <DIV>Katherine</DIV>
  <BLOCKQUOTE dir=3Dltr=20
  style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
    <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
    <DIV=20
    style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
    <A title=3Dstkguru@netside.net =
href=3D"mailto:stkguru@netside.net">Tom=20
    Worley</A> </DIV>
    <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
    =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
    </DIV>
    <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, January 09, =
2002 8:39=20
    AM</DIV>
    <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
TASR</DIV>
    <DIV><BR></DIV>
    <DIV><FONT face=3DArial>Hi Katherine,</FONT></DIV>
    <DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
    <DIV><FONT face=3DArial>TASR is a good example of where my =
propensity for=20
    fundamentals pays off when used in combination with CANSLIM. I liked =
the=20
    story of Taser, I knew the product (non lethal weapon, electrical). =
I held=20
    off initially because their sales were so low, and they were yet to =
be=20
    profitable (one of my basic requirements). But after 9/11, when I =
saw the=20
    airlines talking to the company (and over 1,000 police departments =
were=20
    already testing or using their tasers), I saw the immediate value of =
their=20
    product, and the likelihood of FAA approval (expected now later this =
month).=20
    </FONT></DIV>
    <DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
    <DIV><FONT face=3DArial>United Airlines already contracted with them =
for about=20
    1,000 units (at about $600 each, doesn't sound like much but a big=20
    percentage of quarterly sales, and they have inventory for immediate =

    delivery, so should be in Q4 results. Two other airlines also =
contracted=20
    with them, and several others are talking to them, but waiting on =
FAA=20
    approval of non-lethal weapons in the cockpit.</FONT></DIV>
    <DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
    <DIV><FONT face=3DArial>Now they also announce that they are =
introducing a=20
    "home consumer" stun gun, lower powered than the police version. =
Opens up=20
    another piece of the marketing pie. Less than 30 minutes into =
today's open,=20
    it already up over 21% on over 4X ADV, I'm smiling.</FONT></DIV>
    <DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
    <DIV>Tom Worley<BR><A=20
    href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
    TexWorley</DIV>
    <BLOCKQUOTE dir=3Dltr=20
    style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
      <DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
      <DIV=20
      style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
      <A title=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
      Malm</A> </DIV>
      <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
      title=3Dcanslim@lists.xmission.com=20
      =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
      </DIV>
      <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, January =
09, 2002=20
      9:06 AM</DIV>
      <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
TASR</DIV>
      <DIV><BR></DIV>
      <DIV>Nice catch, Tom. It shows the value of knowing the underlying =
stock=20
      and catching it on good pullbacks. In your analysis, would it =
bother you=20
      that they have several quarters of negative EPS? I also show a =
forward=20
      growth rate of -2%. Because of this, a stock like TASR would run =
below my=20
      radar. What's your take on forward growth? I suppose if they were =
awarded=20
      any substantial contracts, etc., their forward story would be =
different=20
      than the current analysis would suggest.</DIV>
      <DIV>&nbsp;</DIV>
      <DIV>Katherine</DIV>
      <BLOCKQUOTE dir=3Dltr=20
      style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
        <DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
        <DIV=20
        style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
        <A title=3Dstkguru@netside.net =
href=3D"mailto:stkguru@netside.net">Tom=20
        Worley</A> </DIV>
        <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
        title=3Dcanslim@lists.xmission.com=20
        =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
        </DIV>
        <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, January =
09, 2002=20
        7:46 AM</DIV>
        <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] =
TASR</DIV>
        <DIV><BR></DIV>
        <DIV><FONT face=3DArial>Taser is currently crossed market in =
pre-market=20
        trading after heavy volume and a 13% gain yesterday. Currently =
trading=20
        16.75, up nearly 15% more. Obviously way too extended to buy, =
but if you=20
        were as lucky as me to buy more at yesterday's low, looks like a =

        volatile and hopefully nice ride today on a likely gap up on the =

        open.</FONT></DIV>
        <DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
        <DIV><FONT face=3DArial>Tom Worley<BR><A=20
        =
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
        =
TexWorley</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE=
></BODY></HTML>

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