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View Mr.ScottKnows' Comments
Smith & Wesson: A Worst Case Scenario
The people see what is going to happen. The main bill Feinstein is pushing as is won't pass. Something will get tacked onto another unrelated bill.
A lot of gun buyers are panicing. The issue is, a lot of the gun buyers are first time buyers and that is what is important to know. 1st time buyers are buying at greatly inflated prices. Guns that retailed for $800 Dec 13, 20012 now sell for $1800 and are on shelves for literally minutes. It's good for business, and bad for buyers, but a new price point has been set, which I think will ultimately help the bottom line on gun manufacturers for awhile as they will adjust their price to distributors to reflect the increased average selling price. This price increase will be pure profit.
Feb 11, 2013. 09:56 PM
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Smith & Wesson (
FQ3 EPS of $0.26
beats by $0.03
. Revenue of $136.2M (+38.8% Y/Y)
beats by $2.52M
View news story
Sadly, this won't continue much longer. Firearm sales are starting to drop. Sales will probably be higher than normal until after the tax filing and people that get returns go out and buy a gun, after that, baring any more pushes by the Left, gun sales will have a sharp decline.
Time to start moving into Ammo manufactures as I believe the demand for ammo is going to be high for several years.
Mar 6, 2013. 04:49 AM
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