Purchased US company AXON last Feb. Any thoughts on that one?

Got a position going in AXON early in 2024. They make/sell tasers and body cameras. It has been on a great run as results come out each quarter.
P/E is crazy high. Any feedback?
Took some profits at over $600 US to bring down costs and rebalance.

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Asked on December 29, 2024 12:37 pm

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I don't think it was a bad decision to take profits at this point in time.

Outstanding buy at the start of 2024, congrats! The company's growth has been much better than expected and as a result has posted some crazy share price gains.

I believe it's fully valued now, and that would be a generous take. The more reasonable take is the company is priced to perfection. It will need to post much better than expected earnings growth moving forward in 2025 to justify the valuation. If not, we could see a big correction in price.

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Posted by Dan Kent

Answered on December 30, 2024 8:38 am

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Thanks Dan. Always appreciate ur input.

(GEORGE STASZAK at January 12, 2025 12:56 pm)

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