LRAD Continues To Look BearishDespite having good in roads into law enforcement at a time when the US is more of a police state. I am surprised to see this stock so close to the ground. The distribute sure looks to continue.
LRAD
LRAD Corporation Looking Like The Short Of The YearLong Range hailing equipment provider, LRAD has had a tough time on the NASDAQ. I looked seriously into shorting this stock at one point but decided to pull out on the fundamentals. The balance sheet and income statement are solid enough but not eye popping. Revenue however dropped in 2015. A company doing 16m in revenue from 24m is probably struggling a little, so I get the feeling the stock is slightly over valued. I do think we will have a pop out to $2 a share regardless. It is easy to see this under $1 a share, similar story to ORIG, that touched down the $1 mark and then went with the Oil rally, everyone thought I was crazy buying that stock during an Oil decline, well at 100% return on the stock.... Say what you will.
Still deciding whether at those lows this is a buyer or not.
