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Smith & Wesson Holding Corporation Message Board

  • llllorac llllorac Nov 6, 2013 2:07 PM Flag

    RGR's CEO states he would be interested in acquiring S&W

    In the conference call today Mike Fifer responded to an analysts question about whether he would be interested in acquiring S&W....he said he would be interested in acquiting the company for stock......check out my post on RGRs message board if you have any interest in my thoughts on how this might happen...

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    • Prescient. I do recall your post. While a strategic buyer usually pays more, Fifers comments indicate to me that he remains conservative in his balance sheet management and would be hesitant to lever up. Perhaps he is being too conservative as even if rgr paid $1.2 billion, swhc has offsetting cash, and the combined entity would still have moderate leverage and their interest and debt coverage would be good.

    • Thank you IC. Can we say that SWHC's poison pill removal could be related to this? Looks like these two have had conversations.

      • 1 Reply to investorprivate
      • I won't have a shocked look on my face if there is a meeting at some point in the near future. At the very least a meeting should be "mandated" by SWHC institutional investors. Some of the very analysts in on the call have ties to them. It is a no brainer.. I wish it were closer to the SWHC annual meeting. It would be worth the plane fare to attend and bring it up during the meeting myself. I've done that several times with other companies over the years. It gets the issue printed into the public record of the meeting.

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