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More on Smith & Wesson (SWHC): Shares are soaring in after hours trade as its FQ1 blows away...

More on Smith & Wesson (SWHC): Shares are soaring in after hours trade as its FQ1 blows away estimates on a 48% jump in Y/Y total revenue. Gross margin widened to 37.7% from 28.9%, despite a 30% jump in input costs, thanks to cost-cutting efforts and higher sales of its polymer firearms. The company also boosted its guidance for the year, now forecasting $0.85 to $0.90 per share on net sales of $530M to $540M. Shares +21% AH.
Comments (5)
  • ya hoo; get ur guns
    6 Sep 2012, 04:50 PM Reply Like
  • anyone think the put bandwagon will start tomorrow?
    6 Sep 2012, 04:54 PM Reply Like
  • The Obama put......this is great...this country truly is divided...those with a 45..those without....lol....Obama and the libs just has to hate this...it serves them right..
    6 Sep 2012, 04:58 PM Reply Like
  • LOL - this is one industry obama has helped
    6 Sep 2012, 05:13 PM Reply Like
  • Pretty straightforward bet. There's a full out panic run on guns. If Mitt Rommney wins, the panic ends and these companies just hit a brick wall at 100 miles an hour.

     

    If Obama wins, he will likely attempt serious gun control....which means these companies hit a brick wall at just 90 miles per hour.
    6 Sep 2012, 07:20 PM Reply Like
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