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Jun. 18, 2014, 5:35 PM
May 20, 2014, 9:39 AM
May 2, 2014, 1:34 PM
- Joel Greenblatt's screen looks to find stocks with high "earnings yield" - a high ratio of profits to enterprise value. Companies are further screened for a strong return on capital. When a stock scores well with both criteria, it's usually a good company being undervalued by investors.
- For picking individual stocks, there are probably better methods, but as a group, Magic Formula names have vastly outperformed the broad market.
- Although defense names have done well over the past couple of years, the Magic Formula continues to identify Northrop Grumman (NOC +0.2%), General Dynamics (GD +1.4%), and Raytheon (RTN +0.6%) as attractive. Firearm names Smith & Wesson (SWHC +0.8%) and Sturm Ruger (RGR +0.3%) also make the cut.
- A number of videogame makers show up as well: Take-Two (TTWO +0.3%), Activision Blizzard (ATVI +0.2%), GameStop (GME +2.8%), and the struggling recent IPO King Digital (KING -0.3%).
- Not too surprisingly, the Magic Formula also continues to like plenty of big-cap tech names: Cisco (CSCO -0.2%), CA, Inc. (CA -0.5%), Microsoft (MSFT -0.5%), Hewlett-Packard (HPQ -0.5%), and Apple (AAPL +0.1%).
- Hardly market laggards, media names like Time Warner (TWX -0.8%), Viacom (VIA +1.4%), Omnicom Group (OMC), and Starz (STRZA +2.3%) also show up on the list, as do struggling multi-level marketers and for-profit education stocks: HLF, NUS, APOL, ESI, CPLA.
- Punished by investors for not being as hot as they once were, Coach (COH +0.2%), Francesca' Holdings (FRAN +0.1%), and Gap (GPS -1.3%) are Magic Formula picks today.
Mar. 28, 2014, 8:05 AM
- Smith & Wesson (SWHC) approves a $30M buyback program.
- The buybacks can start on May 1, according to the terms of the authorization.
Mar. 25, 2014, 2:12 PM
- Smith & Wesson (SWHC +2.1%) trades higher after the company announces one its subsidiaries purchased Tri Town Precision Plastics for an undisclosed amount.
- Tri Town is a current supplier of Smith & Wesson.
- The transaction is expected to close around May 5.
Mar. 5, 2014, 12:45 PM
Mar. 5, 2014, 9:12 AM
Mar. 4, 2014, 5:48 PM
Mar. 4, 2014, 4:22 PM
- Smith & Wesson (SWHC) trades higher in post-close action after the companye bests the FQ3 profit estimate of analysts.
- The company saw its gross profit margin rate rise 360 bps to 40.2% on a favorable product mix and reduced promotions.
- FY14 revenue guidance is raised to $615M-$620M and the S&W sees EPS falling in a range of $1.39-$1.42.
- SWHVC +7.1% AH
Mar. 4, 2014, 4:06 PM
- Smith & Wesson Holding Corporation (SWHC): FQ3 EPS of $0.35 beats by $0.06.
- Revenue of $145.9M (+7.1% Y/Y) misses by $6.8M.
Mar. 4, 2014, 12:10 AM
Mar. 3, 2014, 5:35 PM
Jan. 5, 2014, 1:54 AM
- The White House has proposed two gun control regulations that the government doesn't need Congress' approval for.
- One measure would clarify who isn't allowed to own a firearm because of mental illness and would provide guidance to states about the information they can share with a federal database that dealers use to check whether a buyer is allowed to purchase a gun.
- However, mental health advocates fear that the regulations could stop those who are unwell from seeking treatment for fear that their illness would be added to federal records.
- The other proposal would eliminate obstacles that could stop states from supplying information to the database.
- Related tickers: RGR, SWHC, CAB
Dec. 11, 2013, 10:02 AM
- Smith & Wesson (SWHC +5%) trades higher following its FQ2 report and early look at FQ3 projections.
- Execs with the company say they expected the big drop in November for NCIS background checks, a trend they see continuing through May of next year. They note the upcoming comparables run up against an enormous period of demand and they still see industry trends as positive.
- Related stocks RGR, CAB.
- Earnings call transcript
Dec. 11, 2013, 9:11 AM
Dec. 11, 2013, 7:03 AM
- Demand for guns in the U.S. is in a downward swing as it appears more likely that Congress won't enact legislation to ban semiautomatic rifles.
- In November, federal background checks on potential gun purchasers were 10% lower Y/Y.
- Despite sales trends which are starting to slow, manufacturers and retailers have seen more women become buyers.
- Sector watch: SWHC earnings
- Related stocks: RGR, SWHC, CAB
Smith & Wesson Holding Corp manufactures firearms. It manufactures handguns, modern sporting rifles, hunting rifles, black powder firearms, handcuffs, and firearm-related products and accessories.
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