Stock market ideas: Surveillance technology

An idea I like, is the personal body cams that law enforcement is adopting. I have some personal friends in law enforcement who have expressed dislike of them, as liability engines. But a link to a video that one of them provided showed me, non- law enforcement, that officers put up with an amazing amount of abuse, and still can be polite, restrained, professional, and tolerant. So I think it’s a win-win: the officer can prove honest behavior, and, the member of the public knows that their bad behavior is on the record.

So one of the companies I like is the former Taser, now known as AXON Enterprise – stock ticker AAXN.

I don’t yet own this stock. It’s currently at $43, although two weeks ago it was down to $40.

But I do think they are in a growth market. Many (if not 99%) of law enforcement agencies already have a relationship with AXON / Taser, with the pistols that apply non-lethal force. Although bigger law enforcement agencies have already bought body cams, I don’t think that penetration within the smaller markets is anywhere near complete. I think that 65% of of law enforcement is still in the adoption phase.

I previously had done well with Ambarella – stock ticker AMBA – getting in around $30 and selling at $70. Ambarella was more of a technology play, being a company that makes CCD sensors for GoPro cameras, and other cameras. My point is that there can be growth stocks in these areas. I don’t think AXON is going to sell as many body cams as GoPro sold their cameras; but, they will probably a decent percentage of them, still.

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