The gains get bigger from here. See you at $100- Thesis
As we just gutted out an attack on our tremendously profitable enterprise, remember that the gains get bigger and more violent from here. Longs have the upper hand now. We could see 5%, 7% up days on volume followed by an #$%$ burning short squeeze. This business has always been undervalued. Its not about how many guns they sell but the fact that with their installed base AND growth in new business EPS will rise next year. This company is cheap at $100. If you want to add on strength it has to be now, because the inclincation will be to never buy at $70 or $80. Let the shorts and those new to story buy at those levels. Regards.
I completely agree that the stock has extreme negative sentiment that could fuel an explosive move from here. Heck, 1/3 of the stick is short.... And not against a convertible or some arb scheme. These are speculators convinced the stock is going to tank. I believe many if these shirts have let their ideological hatred of guns cloud their reasoning on this stock. They want to believe RGR and SWHC will fail because it goes with the narrative that guns will be confiscated. Now the are all under water on RGR ... If will run farther than any analysts have forecasted. There's a decent chance it will drag SWHC along for the ride.