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Smith & Wesson Holding Corporation Message Board

  • ron284 ron284 May 29, 2014 3:54 PM Flag

    Very interesting Businessweek article on Colt

    There is a great article in Businessweek highlighting the trouble Colt Manufacturing has had over a long period of time. It talks about it losing money, it's bonds are rated at junk, and it talks about it's dysfunction. Goes a long way to understand how Ruger & SWHC have been able to grow market share even though gun sales have slowed. Was not further aware that it files public records and in the last quarter it's sales declined from $63mil to only $50mil. from it's year earlier quarter. Makes for interesting reading. Here's the link for those interested.

    http://www.businessweek.com/articles/2014-05-29/colts-curse-gunmakers-owners-have-led-it-to-crisis-after-crisis?campaign_id=yhoo

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    • I think this may be the reason Remington is getting back in to the handgun biz. They know they've been missing out. Who owns COLT? If one wanted to invest in them. I know RGR ;and SWHC are both relatively small caps in the world of big investing, but I don't think it would be good for either one if RGR bought them out or they merged. Competition drives excellence.

    • Remington follows similar revenue pattern to Colt, though Remington's decline started in Q4 2013, while Q4 2013 was still quite strong for Colt. Remington's sales in 2013 were: $196 in Q1, $216 in Q2, $196 in Q3 ... and then dropped to $134 in Q4, which was followed by $135 in Q1 2014 (recently released).
      It appears that RGR and SWHC are taking share from both Colt and Remington, though after looking at their steep declines I wouldn't be surprised if SWHC declines (at least some) during Q1 2014, even if they made additional share gains.

 
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