This was at Williams Gun Store near Davison MI. I was looking at used pocket carry, but the salesman pointed out this deal. And it was new-lol. Lots of those "street" models floating around in Flint, MI. The bangers rent them out for $25/night.
I got the same gun with laser sight two years ago for $269. Don't care for the long trigger pull, but it is compact and complements my Glock 9mm.
Market down, lots of people bought at $3-5/share and are taking gains. Gun sales are down. I am adding to my position based upon my belief that the company is gaining market share/women buyers/potential government contract/low PE and good margins. Make your own call and good luck.
I suspect smaller funds have a tidy gain and are getting out of their position. Most small caps were pounded today. Funds fear a lack of liquidity. Hang on and start buying at anything with a 13 attached.
I like that analogy sir. But the important factor is that stock buybacks create tax advantaged gains, not double taxed dividend income.
I got greedy. Put in a limit at 14.90. Not going to see that unless the overall market declines. Still a great value proposition.
At 15/share it is trading for 5x EBITDA. Very unusual for a high-margin iconic brand. I will buy more if it opens down. And I am sure that a new buyback will be announced on the CC.
Guiding lower for next year. But with less capex and EBITDA of 185mm, there should be lots of cash available for another 50-75mm buyback.
How can Hamman have any credibility at this point. I am starting to think that SWHC hired him to get their options priced right!
It will be interesting to see how the market values the tracking stock. Might be a good because when companies do spin-offs like this they sandbag the estimates to avoid lawsuits and they want to get a boost out of the gate. I will add some if it is weak out of the blocks.
Not the increase I expected and management hinted at. I will wait for the earnings call, but a revenue drop is not what I expected. In any case, it has been a heck of a run.
Will we get a typical selloff/buying opportunity Tuesday? Or has the market caught on? I am thinking that the weak hand institutions are mostly out, and the remaining big dogs want more.
When I bought my first pistol four years ago, I asked three police officers I know what to buy. They all said Glock...reliable, easy to take down, good resale. I am pleased to see that SW is now the gun to own. I mentioned the rise in SWHC stock last year to my dealer and he said: "It should have doubled when they released the shield". He cannot keep them in stock.
Predictable response from the politicians and families. I grieve for the families, but wish there had been a legally armed citizen nearby to take the lunatic down.
SWHC products are gaining cachet the way Glock did for the last ten years. With LEO's adopting them and gun shop owners pushing them, the company will be taking share from other companies. In addition, I have to believe that a first time buyer has probably heard of Winchester and Smith and Wesson. The other product names have little resonance.
Am I the only one who sees this stock being a great ten year holding. Spin off the tracking stocks, which will then spin off their own assets. Great market share in title services, which are little understood. Value will be unlocked in June unless the real estate market really slows. I live near Flint, Michigan, and people are snapping up homes and prices are up 10%.