Unreal CAB up better than 10% on earnings. RGR &SWHC have little reaction. Have to listen to the conference call. This is getting annoying, but so was RGR & SWHC when they were in the teens $3-5 range respectively.
As it should have.....listened to CAB 1st Qtr conf call.......Jan was very strong comps in all categories, Feb & Mar in mid-teens, not seeing a slow down in firearms and ammo sales in Feb and Mar from Jan. Also said they had not raised firearms and ammo prices significantly due to emphasis on on-going relationship with customers. With 24% same store comps overall and 9% comps without firearms and ammo, comps in firearms and ammo had to be even greater than 24%! And all this with less than ideal weather the 1st Qtr. CAB up 15% now.
Well said. Only thing I'll add is that in general it takes investors a little while to realize that hey....Cabelas had blowout numbers......it was mostly due to gun sales......maybe I should invest in the gun manufacturers since Cabelas has already run 15%....so the rise tends to take place a little later in the day as shorts cover/longs enter.
Fyi for the board, I was at a gun swap in Kalamazoo, Michigan last weekend and the line was out the door snaking around the building. Incredible. The Senate may have voted down further gun regulation but the demand is still running hot at least around these parts.