Thursday, December 24, 2009

Motley Fool admits '07 TASR buy recommendation was foolish

Motley Fool writer Rick Aristotle Munarriz has acknowledged [LINK] that his recommendation [LINK] of Taser International has not worked out for anyone foolish enough to invest.

Company, Rick's Call, Price Now, Loss
TASER, 9/20/07, $15.65, $4.50, (71%)


Notice the date: 20 September 2007.

Mr. Munarriz can't be blamed. There's no way that he would realize at the time the sh_t storm that was about to descend on Taser International.

14 October 2007 - Vancouver Airport, Robert Dziekanski, 40, tasered five times by X26 taser and died of cardiac arrest almost immediately. And critically, incident captured on video.

UPDATE: Motley Fool writer Rich Duprey repeats history. [LINK] I recommend that Mr. Duprey read his collegue's column.

And the MD AG's report.

"Training materials provided by the manufacturer of these devices ... tended to significantly understate the risks associated with [taser] use." [Executive Summary, page 2, paragraph 3]

Not just '...understate the risks...', but "...SIGNIFICANTLY understate the risks..."

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