I don't buy stocks once they're over 5% of my portfolio.
But if I did, I'd certainly be buying $AXON today.
Here's why ⤵️
But if I did, I'd certainly be buying $AXON today.
Here's why ⤵️
1) Perhaps the best mission statement I've ever seen 
2) The core business.
If you're unfamiliar, this company makes
* TASER stun guns
* Axon body cameras
* A whole bunch of software that helps save TONS of time for police and other public servants
That last point is the most important for investors
If you're unfamiliar, this company makes
* TASER stun guns
* Axon body cameras
* A whole bunch of software that helps save TONS of time for police and other public servants
That last point is the most important for investors
3) Results
As you can see, those physical products drive sales, but its the high-margin recurring revenue from cloud (read: software) products that are the real story
As you can see, those physical products drive sales, but its the high-margin recurring revenue from cloud (read: software) products that are the real story
4) Moat
Not only is this a functional monopoly, but the switching costs are enormous.
Once police forces start using these products, they're customers for the long-haul.
A little proof⤵️
Not only is this a functional monopoly, but the switching costs are enormous.
Once police forces start using these products, they're customers for the long-haul.
A little proof⤵️
5) Stellar balance sheet without any concentration
That makes it very anti-fragile
That makes it very anti-fragile
6) Founder-led business
Not only did Rick Smith found the company and stay at the helm for two decades, he gave up his salary for equity rewards.
Some might gripe the rewards are *too* rich, but I still appreciate the plan
Not only did Rick Smith found the company and stay at the helm for two decades, he gave up his salary for equity rewards.
Some might gripe the rewards are *too* rich, but I still appreciate the plan
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To review:
$AXON:
1) Has stellar mission
2) Combined hardware with software
3) 📈 results
4) Wide moat
5) 💰Balance Sheet
6) Founder led
It's also down 33% from highs
And it gets this score from @BrianFeroldi and I
$AXON:
1) Has stellar mission
2) Combined hardware with software
3) 📈 results
4) Wide moat
5) 💰Balance Sheet
6) Founder led
It's also down 33% from highs
And it gets this score from @BrianFeroldi and I
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