Chris Versace, portfolio manager of TheStreet’s Growth Seeker fund, discussed recent changes made to the portfolio. Versace recently added stock of TASER (TASR) to the fund. ‘TASER has long been known for, just that, the TASER guns, but that’s not what attracted us to the story,’ explained Versace. ‘It’s the transformation in the business model towards not only just body cameras, which we’re seeing a lot of demand for given what’s going on with law enforcement, but it’s really the back end service.’ Versace said TASER has a cloud video storage service that has a subscription business model that he really likes. Versace also downgraded stock of Ares Capital (ARCC), because it is now within 8% of his price target.
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