Why is there no mention of the staggering short interest in RGR. Over 40% of the outstanding float the last time I checked. It seems every time RGR shows some upward movement, it fizzles. Then the next NASDAC report on short interest shows another increase. 7,845,xxx against 19 million total float, as of 9/14/12. If the shorts ever had to cover, RGR would go to $100. For the record, I am long RGR.
Sturm, Ruger & Co. (RGR) +5.3% AH after declaring a $4.50/share special dividend, which will be paid on Dec. 21 to shareholders on record as of Dec. 7. The gun manufacturer's shares have rallied over the last 5 months after falling in the spring. (PR) [View news story]
That should give the geniuses who have shorted 40% of the total shares a little indigestion. Serves them right from the point of view of this long RGR shareholder. The special dividend is more than my original share cost.
2 Gun Stocks To Buy [View article]
Sturm, Ruger & Co. (RGR) +5.3% AH after declaring a $4.50/share special dividend, which will be paid on Dec. 21 to shareholders on record as of Dec. 7. The gun manufacturer's shares have rallied over the last 5 months after falling in the spring. (PR) [View news story]