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AAXN - Avoid Digital Ally Due To Strong Competition And Dilution
Axon Enterprise
Digital Ally (DGLY) is based in Kansas and develops, manufactures and markets advanced video surveillance products for law enforcement, homeland security and commercial applications. In an era of protests over the deaths of George Floyd and many others, BLM, and deployment of Homeland Security boots-on-the-ground in cities like Portland, OR, one would think a company that makes in-car and on-body-camera devices for law enforcement would have a bright future. That may not be the case for Digital Ally investors.
I say that because the company has recently taken a plethora of moves in