Oberweis article: thestockadvisors.com. Oberweis Clients own 293,000 shares of DGLY.
"Market bottoms are like giving birth," jests Jim Oberweis, Jr. "The exact moment is hard to predict, but it is always painful. Though it sometimes takes longer than you’d guess, you know it is coming. And once it is over, it sure feels better."
"March 2008 will likely prove to be that bottom," states the editor of The Oberweis Report, who turns to two favored stocks that both provide products to the security and surveillance market.
"Digital Ally (NASDAQ: DGLY) develops, manufactures and markets advanced technology products for law enforcement, homeland security and commercial security applications.
"The company’s primary focus is the field of Digital Video Imaging and Storage and primary product is a reliable, compact, and inexpensive solid state in-car video system.
"Digital Ally’s Digital In-Car Video system is primarily sold to municipal police, sheriff, and state police departments. The system utilizes digital recording technology and is integrated into a replacement car rear view mirror.
"In the company’s latest reported fourth quarter, sales increased approximately 288% to $7.0 million from $1.8 million in the fourth quarter of last year. Digital Ally reported earnings per share of $.06 in the latest reported fourth quarter versus a loss in the same quarter of last year.
"Clients of Oberweis Asset Management own approximately 293,000 shares. These shares may be appropriate for risk oriented investors" |
