SWHC will continue to beat estimates. No more crazy security schemes, no more talk of acquisitions. Just executing on their core competency. Making revolvers and pistols. Stay out of the overbought AR market. Sell to cops, women, and the core market: people who want to stay safe at home.
RGR was off today and dragged down SWHC. I have several reasons why I bought more SWHC today, and one regret:
1. SWHC has been showing margin improvement after opening the new plant. RGR has not.
2. SWHC introduced their new products last year and they are well received. RGR had new products as well, but in different segments.
3. SWHC has many fans in the law enforcement community where I live. RGR has none. Glock is yesterday's news. Even though I own and love my Glock 9mm.
My regret is that the market overall does not reflect my pessimism about our economy and our country.
For walling off the goofy investments and allowing the core business to be evaluated. And interest rates are headed down so get ready for another round of refi's. Good things on the way.
Go read the transcript. Depressing. Lower sales, lower EBITDA. Poor forecast. What is wrong with these guys? If that is all you have, break up the company and sell it. Pathetic management.
I hear rumors that ammo is more available, but no sign of it here in Michigan. Gun clubs and ranges are hurting because there is nothing to fire. I believe that this will eventually suppress gun demand. What is the situation in your markets?
Good sign. Smith and Wesson was downgraded when it was at $10/share. Forty five percent later the analyst is sticking to his guns...so to speak!
Obama just claimed in an interview that many do not like him because he is black. But at least he acknowledged that many idiots like my family members only voted for him because he is black. I continue to tell people that I do not care for his mother's side of the family either.
If I belonged to the public pension funds who dumped the gun stocks, I would sue them for negligence. And if my city or state pension fund dumped the stocks, their boards should be fired or voted out next election. Colorado was just the start of the blowback.
I would assume LPS shraeholders take gains on the cash portion. On the stock portion they carry their basis forward. The circular should have an entire section on tax treatment.
Clueless move...lose customers, lose gift store sales (Walmart is selling out of Dynasty gear), and invite Bob Evans to gain market share you may never get back.