It’s not the best time to be a police officer these days, with more people trusting the police less in the wake of some high profile deaths at the hands of law enforcement officers. Police guns and tasers are killing people to the point where now there are activists working to “defund the police.”
That’s why I invested in Wrap Technologies (ticker: WRAP). They make the BolaWrap, which is a non-lethal alternative to guns and tasers. The Washington Post describes it as a “Spider-Man-like lasso”.
Police departments around the world are just starting to put in large orders for the devices. I think we’re at the early stages of a huge trend.
I think about the potential this way. The company that makes Taser rose to become a 20 billion dollar company over the past 20 years. WRAP is just getting started and is currently worth less than 75 million dollars. If the BolaWrap were to replace Taser, we might see a more than 100-fold increase in WRAP stock price over the next 20 years.