Daktronics' Retail Investors Run For The Hills = Investment Opportunity
- Daktronics, the preeminent manufacturer of large video screens, just reported its 4th quarter and gave a misleading head-fake that spooked its retail investors. The stock is down 18%.
- After adjustments for one-time events, the 4th quarter was very close to expectations.
- Orders have been growing 15%, 14% and 21%, year-over-year, for the last three quarters, respectively.
- Just before the quarter was reported, the Board increased its dividend by 11% and the stock now yields 3.4%.