From a charting perspective, it appears we are likely at a price that satisfies the indicators on the upper end. My guess is we'll float between 12.00 and 12.75 for the next week or two. When we approach the last week in August, I'm guessing a sharp rise to 13. If earnings are comparable to Rugers, we'll be around 14 in the first 48 hours after the release. If Smith offers good guidance for the following quarter, we should be over 15 by the end of September. The wild card in the mix is the unused tender. If Smith uses it for pricing much higher than 11, it will be negative for the stock price. As mentioned by a previous poster, and is a very likely outcome, giving the remainder of the unused tender funds to the stock holders in the form of a special dividend, may give us a nice bump up. This will create a hopeful atmosphere for future quarterly dividends and many will want to own a dividend paying stock when they can get it on the cheap to maximize that income. $20/sh is a very possible target before year end with a little breeze behind these sails.
There was an excellent post recently comparing the valuations of RGR and SWHC. SWHC has traded at a significant discount to RGR because they were poorly managed, made goofy acquisitions, and had no idea of how to run an iconic gun company. SLOWLY, that perception is changing and I believe that SWHC will start trading closer to the RGR multiple, which puts the stock at $16+.
Beware my friend...you have just entered the twilight zone of message boards. But you can always trust datbework to set you straight. On how to lose money.