No shame, as indicated by no acknowledgement of having been wrong for so long and, effectively, preventing those investors who believed his broken crystal ball drivel from making a great profit. He has enabled short term traders to make money who front run his notes however.
And yes he does sniff bicycle seats. I've seen him do it.
Where did you come up with this 1,264,000 figure? Are you a NSSF member? It doesn't seem to be published on the web yet. Anyway, it appears we went below the 2012 figure by a negligible amount, so essentially flat growth annualized over the 2 years, neglecting the surge effect which had to have pulled some sales back from the future. The key figures for me are the Feb 27, 28 NICS which were the 9th and 6th highest of all time! I don't think many people have awakened to the fact that another surge may have begun with Obama's Executive Orders.
I think the market is foolish though to stress so much over automated sells as part of a 10b-1 program, especially since they are sold off the open market I'm sure. I do think they are overpaid, but aren't most executives in publicly traded companies? I don't have a problem with performance based time vested share awards as long as they are reasonable and not abusive to shareholders and not overly dilutive.
Did the Adj NICS come out already? I think it was just the NICS so far. The last 2 days of the month of February were the 9th and 6th highest NICS days in history! The market is stupid if it is ignoring this fact. Can you say Obama Executive Orders? I don't think that this was just a 2 day phenomenon.
Wow you're right, I just checked! Must be Pres O's 3 executive orders going into effect. He can do what he wants since he has a pen and a phone. Gun buyers do seem to enjoy sending a message don't they?
All they care about is their click and refresh counts I guess. They don't seem to do anything about the abuse reports. They had a nice alert system working but quickly did away with that cause it reduced click counts I suppose.
I think that any guns that are allowed to be sold in Commiefornia are "California compliant", ie. they have been tested by CA and been found to be a "gun safety device" that can go on the "roster". The problem is that, with the new feldercarb law that requires microstamping of the bullet in two places as it is fired, there will be no more guns that have gone on the roster since the law was made fully active in May, unless some manufacturer pulls a rabbit out of a hat and makes it work, and simultaneously shoots themselves in the foot competitively, by having to manufacture an entirely different and expensive model for just the CA market.
My understanding is that any gun that goes on the roster can stay there, as long as there are absolutely no changes made to its design, up to (and this is the key) the expiration date. If they didn't have an expiration date, then semi-automatic handgun sales could continue to be made indefinitely, as long as the manufacturer froze that design in time just for the CA market. SWHC's guns will eventually expire off the market, just like RGR's semi auto handguns will. You can check the roster and the expiration dates on the CA DOJ website.
Actions speak louder than words. Fifer bought a new plant, which is barely 10% utilized so far. He has one line in there at the moment and he forecasts for ten, ultimately. If that is not saying there will be growth, I don't know what would satisfy you. Sheesh.
You beat me to it, lol. Unfortunately, in order to do a perfect apples to apples comparison, we would have to have quarters that are not staggered, since RGR Q4 is Oct thru Dec and SWHC Q3 is Nov thru Jan. It could be said that it might be putting SWHC at a disadvantage since their quarter's Y/Y comp included the 3 first months (Nov thru Jan) of the 5 month surge (Nov thru Mar) and RGR's only included the first 2 (Nov and Dec).
I think the best way would to present the information for comparison purposes would be in 4 separate graphs, and to do it for the last 8 quarters.
Peak gun? Not justified by this report, you are relying on a cracked crystal ball. They are guiding for a FY'14 Rev Growth of +5.1% Y/Y, and this fully encompasses a comparison to the surge months of Nov '12 thru Mar '13. How can you debate this?
The only thing at all negative about guidance is Q4 Rev guidance $159M to $160M vs $164.5M consensus. They're having no problem with earnings though. Probably the buyback has something to do with that.
Saying they missed on Revenue. They beat: $145.9M vs 142.7M consensus
Smith & Wesson Holding Corporation beats by $0.06, misses on revenue
Smith & Wesson Holding Corporation (SWHC): FQ3 EPS of $0.35 beats by $0.06.Revenue of $145.9M (+7.1% Y/Y) misses by $6.8M.Press Release