Daktronics (DAKT) is one of the only stocks on the NASDAQ trading near a 20-year low. We expect this to change after DAKT reports fiscal 2Q results on Wednesday morning. We can't promise you that DAKT will immediately explode after its 2Q results, but we believe low expectations are priced into the stock and DAKT is unlikely to disappoint.
The truth is, DAKT is the ultimate inflation hedge, because it has strong pricing power. DAKT is one of only a select few companies in the U.S. today with the ability to produce, install, and maintain the most advanced, high-tech, large-scale digital displays for massive transportation infrastructure projects, professional sports stadium/arena projects, high school/college athletic projects, and commercial retail projects. DAKT deals with multibillion dollar sports franchises and local/state/federal governments, which are not affected by inflation like the U.S. consumer.
Earlier this year, DAKT completed a huge project for Fort Lauderdale airport by replacing its aging signs with brighter, easier-to-read LED displays. The new digital units allow the Florida airport to update messages and instructions for drivers in a matter of minutes. All across North America there are countless additional airports that will follow suit and upgrade their aging signs using the industry leading digital signage technology of DAKT in the years ahead!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.
Preparing Americans for Hyperinflation
