The comp in this space has increased exponentially! In the last 6 months, this space has gotten crowded. It ix a super hot sector. From Square, to Apple Wallet to many others, the market share will come direct from Paypal. The P/E is twice the market as well from a valuation standpoint. I believe intrinsic value is around $27.00/share. Good luck,
Let's use facts. Current data: NICS for Feb 16 = 25.3% increase Y/Y for handguns and 4.4% for long guns, NICS permit checks = 1.1 million! Add the Thompson roll out and you have increased earnings power. This is an old client of mine at PriceWaterhouseCoopers. They will under promise and over deliver. Wait...wait...wait! I'm smelling a big move here to the upside after they stop shaking the tree later today.
It looks like M/M sales were down even though Y/Y sales are up big. On the ground, the gun stores in the area I visit are selling out of SWHC guns. I also know that off duty officers are buying these guns (e.g. S&W Shield 9mm) as back ups when they are off-duty. This market action is uypside down. By that, I mean that there is an end game that Wall Street is attempting to achieve. They are looking to shake out weak holders. DON"T BE FOOLED! In my opinion, this will be a $30+ per share stock in 3 months or less. P/E at 23, 146% earnings growth, 32% revenue growth, etc. are great fundamentals!
Insiders only hold 1.83% of the stock! The reason for analyst downgrade as insider selling is such B.S.! Don't be fooled! Don't sell your stake. Hold on until these guys stop shaking the tree. You will be rewarded - watch!