SWHC may deny it, but many buyers were factoring in the high possibility of an Army adoption of the S&W M&P line... I had even bought in with that as a backing factor, but when we got a price runnupmon other news I sold and bought more GM shares with the proceeds. Seems to be the smart move now.
I say it's not too late to get out of SWHC as there may be more downside as this news settles in over the trading day. Go for GM's dividend and diversifying product line that seems to be boosting revenues. Factor in Cadillac continuing to eat up market share in the lUxury segment that is less effected by economic hiccups and revenue lines seem to be solidified too.
I am remaining out of gun stocks until at least after the election.
You would think these Wall Street workers could make a half-assed attempt at showing respect by putting down their cell phones, tablets and move away from the computer screens for very short moment of silence.
No, these ignorant #$%$ who likely never served their country or sacrificed something for someone other themselves just couldn't stand in silence respect. Everything else follows that this is why Main Street hates Wall Street.
I was very skeptical about such a turnaround occurring in a period of time this soon, but it appears VW is pulling it off... Most impressive they kept design operations moving forward with new models and now a focus on hybrid adds great depth to the portfolio. I think the bottom is in and the overall trend will be up from here.