From Zap to Zzzzz

Once the hottest stock around, Taser has taken a nose dive over safety concerns and slowing growth

When Brad Koteshwar, a private investor in Scottsdale, Ariz., decided to sink $6,000 into the stock of a hot local company, stun-gun maker Taser International, in January 2004, he knew it was risky. The stock price had already soared nearly 2000% in 2003, and that kind of phenomenal growth just can't last forever. "We got in a little late," admits Koteshwar, who with his wife Sheila also holds seminars and publishes a newsletter on stock investing. But police departments from Kansas City, Mo., to San Jose, Calif., were placing large orders for Taser's weapons, which emit a 50,000-volt electrical shock and...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!