DAKT - Is There Any Light at the End of This Tunnel for Daktronics?
I have a long and varied history with Daktronics (NASDAQ: DAKT) , an American maker of scoreboards, digital billboards, and other signage products. About 14 years ago, I called Daktronics overvalued and proposed that it would be a terrible stock to own in 2007. The stock crashed hard and stayed down for years, until I thought that the worst was over and opened a Daktronics position of my own in 2015. This was a turnaround story at the time, and not a stock for impatient investors .
Here we are, another five years later, and Daktronics just released another disappointing quarterly report. It is by far the worst-performing stock in my personal investment portfolio.
Is it time to cash in what's left of my Daktronics chips and walk away? Let's take a good, hard look at this troublesome investment.
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Is There Any Light at the End of This Tunnel for Daktronics?