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Technology Stocks : Digital Ally Inc. - DGLY
DGLY 1.620-4.7%3:35 PM EST

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From: David Alan Cook12/22/2010 7:55:12 AM
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DGLY Report from Mariausz Skonieczny.

Mariusz Skonieczny is the founder and president of Classic Value Investors, LLC, an investment management firm that builds and manages customized investment portfolios for its clients. He is the author of "Why Are We So Clueless about the Stock Market? Learn How to Invest Your Money, How to Pick Stocks, and How to Make Money in the Stock Market."
He is also a contributor to Jim Cramer's Street.com website.

seekingalpha.com

Investment Summary

Digital Ally (DGLY) is a company that used to be loved by Wall Street. On June 12, 2008, when the stock closed at $8.97 per share, Dawson James Securities was recommending it as a strong buy with a target of $17.50 per share. You can access their report here.

Fast forward to the fourth quarter of 2010 - the stock is despised by the investment community, and investors can pick up shares for as little as $1.60 per share. While the target price of $17.50 might be unrealistic, I believe that the price of $8 to $10 per share within the next few years is not outrageous. Based on my tour of the company and conversations with several members of the management team, it is obvious that the reason they are accumulating stock is because they believe it is headed much higher.
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