Shares of gun makers Smith & Wesson (SWHC -4.2%) and Sturm, Ruger (RGR -2.8%) fall today on the back of cautious comments out of Benchmark. Analyst Mike Greene suggests that the growth in applications for handguns slowed last month to just 14.7%, down from the 20%-plus growth levels seen from May-August. [View news story]
Smith & Wesson (SWHC) +13.6% premarket after the company says it plans to sell off its perimeter security business to focus on its core gun manufacturing business. Perimeter security has deteriorated significantly since the unit's 2009 acquisition in part because of reduced government spending, CEO James Debney says. [View news story]
There is a new sheriff in town, James D. He's going back to basics. Business is very good. It's only a matter of 2 quarters before we see some real earnings. All the mistakes,misfortunes have be written off. Mark the date!
Don't know much about Olin's non-ammo biz but your comments on Ruger are on target. Look for them to continue to improve. New products, great team, loyal customers. By the way, I'm sure you know that a Pardini is a fancy .22 caliber target pistol.
Sturm, Ruger & Co. Print a Perfect Q2 [View article]
You are right on Target. These guys are doing great. The management team gets it. They know the sport. The demand for the new stuff is strong and this stock over-corrected.
Shares of gun makers Smith & Wesson (SWHC -4.2%) and Sturm, Ruger (RGR -2.8%) fall today on the back of cautious comments out of Benchmark. Analyst Mike Greene suggests that the growth in applications for handguns slowed last month to just 14.7%, down from the 20%-plus growth levels seen from May-August. [View news story]
Smith & Wesson (SWHC) +13.6% premarket after the company says it plans to sell off its perimeter security business to focus on its core gun manufacturing business. Perimeter security has deteriorated significantly since the unit's 2009 acquisition in part because of reduced government spending, CEO James Debney says. [View news story]
Business is very good. It's only a matter of 2 quarters before we see some real earnings. All the mistakes,misfortunes have be written off.
Mark the date!
3 More Sin Stocks: Guns and Ammo [View article]
Sturm, Ruger & Co. Print a Perfect Q2 [View article]