Taser International plays with the world's stupidest investors

Taser International's shares rose as much as $0.74 per share based on the news (released all at once) that they'd, ah, sold some tasers.

The company said the first order received was from a U.S. federal agency to provide 692 of its X26 electronic control devices with 1384 cartridges. The other orders were from four "international customers" and included 3,110 M26; 712 X26 with cameras, and enough cartridges to electro-torture 65,000 citizens. [LINK]

I would have expected that this would be just another week or two's worth of business for a company with a market cap of between $250M and $300M.

The market cap rose about ten times the retail value of the combined sales. Perhaps the idiot investors figured that there's be a similar announcement every day for the rest of the decade.


I notice that the sales of the older M26 continue. Perhaps it's because some overseas clients realize that it might actually be safer with respect to cardiac effects.

Weird...

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The share price has since retreated by about half the inexplicable increase (I guess once the sheeple were all fleeced).


Disclaimer - I have zero financial interest in this.