Seeking Alpha

Dougherty sees opportunity in Smith & Wesson sell-off

  • Dougherty is out defending Buy-rated Smith & Wesson (SWHC -8.4%) which is in the midst of a post-earnings swoon thanks to what many are viewing as disappointing guidance.
  • "The way we see it, handgun ownership and sport shooting are growing in popularity in accordance with demographic trends," analyst Andrea James says.
  • "Any stock weakness tied to the Q2 guide should be treated as an opportunity," she concludes.
  • Price target is $14.
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Comments (3)
  • marketbuzz285
    , contributor
    Comments (47) | Send Message
    Can't agree more this is a huge buying opportunity...
    6 Sep 2013, 01:14 PM Reply Like
  • MichaelFleming
    , contributor
    Comments (31) | Send Message
    I've been waiting for this for awhile and just initiated a position at 10.30 or so. One surprise could easily move this stock and I don't see it bleeding much more.
    6 Sep 2013, 04:03 PM Reply Like
  • Brocko Bomma
    , contributor
    Comments (4) | Send Message
    I initially bought SWHC at $9.70 & later bought more when it had dropped to about $9.35. I'm inclined to hang on to it; the analyses are all to the upside (from $14 to as much as $22).
    7 Sep 2013, 09:55 AM Reply Like
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