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Smith & Wesson Holding Corporation Message Board

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  • fiveish fiveish Jun 20, 2011 4:06 PM Flag

    Down huge on high volume

    arn't they in a quite period?

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    • yes, earnings are slated to be reported 6/30/11

      Some fund dumped 400-500k in the AM ... others bought as much plus, over the rest of the day.

      Company cleaned up balance sheet - reorganized debt & wrote off goodwill in 1st qtr. What's next? 1) Possible stock buy back 2) Earnings & sales growth 3) U.S. v. Goncalves, 09-cr-00335, U.S. District Court.

      • 2 Replies to gallery_pup
      • "yes, earnings are slated to be reported 6/30/11"

        looks like they moved 10K back to the latest they could. also gave inst/hedgie the time to toast this puppy. nice for the insiders stock options, i guess

        "Some fund dumped 400-500k in the AM ... others bought as much plus, over the rest of the day."

        funds add & dump all the time & usually without great price movements. moving a stock down like this requires a software model. i doubt there are 15 inst. holders that could dump that much & the MM are suppose to see it orderly (in a perfect world). inst ownership has doubled over the last several months, all with the price declining. guggenheim has 10%. somebody has dumped millions shares in the last month alone taking out the little guys stops. usually thats to buy several times more at discount or simply short & cover on the taken out stops. plenty of bottom feeders to sell for 10% profit & hedgie still gets shares for $'s less.

        "1) Possible stock buy back 2) Earnings & sales growth 3) U.S. v. Goncalves, 09-cr-00335, U.S. District Court."

        1.= no, 80 million loan to pay down
        2. should happen, making money, no more goodwill to write off or moving expenses
        3. everything i've seen looks like s&w completely cooperated including fake billing & shipping @ fed request

        i'll add a few;
        4. cerberus buyout at a $4 bargain basement price, maybe why they canceled ipo
        5. US military will replace 9mm with .45 this fall. M&P 45 seems to meet all the specs right down to the additional threaded barrel & optional safeties.

      • I've posted this over and over and over again. The only and I mean THE ONLY way Smith and Wesson is going to really pop is if they announce a big contract with the DOD.

 
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