Byrna Technologies Inc (BYRN)

[Drkoraf]

FWIW...I live a couple of miles away from BYRN in Andover, MA. and drive by them every day. I can tell you that they are busier than ants. Lots of cars in the lot, lots of truck activity every day. Having been in manufacturing myself for a number of years, I can tell you that a company doing poorly shows a decline in similar activity, not an increase. Granted, I haven't been inside their facility, and I'm not talking about their financials, but it seems evident that this company is madly busy because of increasing product demand. In my mind, the key is properly managing their growth so that they can keep pace with expanding business demand without overreaching to the point where they can't keep up. Everything I see with my own eyes tells me they are on top of it from a production standpoint, and research tells me that they are on top of it from a growth financing standpoint. There is no question that their products are top notch, but as with their competitor's products in the non-lethal marketplace, a LOT will depend on what the Biden admin does regarding new gun laws. My thinking is that more stringent and restrictive laws (or even the intent to pass those laws) on the firearms industry (which the Biden admin wants to do) will mean more positive demand for non-lethal, non-regulated solutions like Byrn's. Just sayin'. Full disclosure, I own 10k shares bought at avg. $1.45/sh. and have a target price of $10/sh. by the end of 2024 which I think is very doable provided they don't get out over their skis. Purely my opinion and my speculation. As always, Caveat Emptor!