Yet another piece of wrong information by Marcy! I cannot tell if this person is either an investment novice or misusing information to promote an agenda. Morningstar does not give investment advice on Smith and Wesson. Smith and Wesson is not one of the some 1,800 companies MS studies. MS offers no opinion or forecast on the merits of buying or selling the shaares of Smith and Wesson..
MS crunches the historic numbers of many other companies, including Smith and Wesson. That is all MS does with these companies. However, good investors are always looking to the future. In Smith and Wesson's case, the future is a turnaround situation where the company has returned to its roots as an excellent gun manufacturer, and has abandoned businesses that were neither profitable nor central to its operations. What the company did two, three or four years ago is now is not relevant. Were MS giving advice on Smith and Wesson, those facts would have been dicosed and weighed, and an investment opinion offered.
I mean seriously? You can only live this delusion for so long before the reality sets in right? If you are short, wouldn't it be best to cover now before you get slaughtered? You have no thesis whatsoever. There is not one single logical reason to be short.