TASER International another victim to the falling stock market

TASER International, Inc. (Public, NASDAQ:TASR) just like every other stock has fallen due to the massive market drop.  Now that TASER shares are just $1 away from a new 52-week low and selling at $8.45, it's time to review if there is a possible buying opportunity.  Over the last 3 months TASR shares are down 51% and the only reason besides this bear market are the lawsuits being thrown out on a daily basis. 

Kudos to University of Florida student Andrew Meyer for giving TASER some free advertising with 2007's Top Quote: Don't Tase me Bro. TASER's board is screaming the same phrase, it just doesn't add up to the drop in stock price. Need a good laugh, check out this brilliant YouTube Remix of the famous 'Don't Tase Me Bro' scene - Click here.

Taser International Inc. said back on Nov 14th that they tased three "significant" orders from law-enforcement agencies in Texas, Virginia and Tennessee. The Houston police department ordered 480 X26 electronic weapons and accessories; the police department in Suffolk, Va., ordered 140 of the stun guns and 140 cameras; and the Hamilton County Sheriff's Department in Chattanooga, Tenn., ordered 110 stun guns and 110 camera systems.

Taser doesn't report earnings until next month, but YTD things are going very well:

So if you not buying guns and night sticks, you buy Tasers.  TASER's competition?  That would be Stinger Systems Inc. (OTCBB:STIY) and if you never heard of them that's because no one is buying their product.  Fellow Masters, TASER owns the market place for non lethal force and they have solutions for the general public, law enforcement, and the military.

Co-founders Rick Smith and Tom Smith formed AIR TASER, Inc. in 1993 with the initial TASER inventor Jack Cover. In 1998 AIR TASER, Inc. became TASER International, Inc. in response to the Company's international expansion and increased market share. TASER International, Inc. became a public company in May 2001, and began public trading on the NASDAQ stock exchange under the symbol TASR.

TASER doesn't have to worry about any significant players stealing their market share right now and that selling point is not priced in today's $8.22 share price (and falling).

However investing in anything right now is tough to do and buying a new stock is not on most people yet alone investors "to do" list.  What I don't like about the stock is the 25% Short float as of Dec 11th, which combined with horrible trading conditions is pushing shares down.

The bottom line: Keep an eye on TASER shares and when we cross a new 52-week low I would suggest taking a serious look at TASR shares and making the proper risk/reward call for your portfolio.