Local gun dealer here in MI just built a $3mm expansion/indoor gun range. He even built a pond with a fancy fountain in it at the entrance. That is how strong the market is.
Caught me twice as well! I just know what I saw at my gun store the last few weeks is giving me confidence. We could be celebrating tomorrow.
Stupid article in NYT about not disclosing dangers of their products. Supreme Court has already rejected all these cases, but any lawsuit sends holders running for cover. Just bought more. $35 by year end 2016.
LOL...they will join the graveyard of analysts who have told us to sell the stock since it was at $5. They all hang out with analyst buddies in NYC, eat lunch together, and laugh at the bitter clingers in flyover country.
The military contract will probably dilute the company's margins and could distract management attention. But it would also cover a lot of overhead and create a new generation of SW fans who serve in the military. Hard to imagine another foreign manufacturer winning this contract.
I have a long term holding in my taxable account. I trade short term in my 401k. I am not selling much though. I am waiting for this company to hit $1B in sales with 35% margins. EBITDA of $350mm at a 10 multiple for a branded product company brings a $3.5B market cap.
SWHC kept me above water this past few weeks. lorisk gives an excellent synopsis of what is going on in the markets. I am holding my current position and will start buying oil stocks Monday. The stuff will soon hit the fan in the middle east and we have shut in our wells.
I am surprised but thankful that a private equity firm did not buy this company two years ago. The management team is professional, shareholder friendly, and dedicated to sales and margin growth. I suspect that a lot of funds are kicking themselves over their politically correct decision to not invest, or worse yet, dis-invest.
Stock buyback coming up! I would like to see them buy a small collection of shooting ranges, find a good management team and start franchising them. People need a place to practice shooting their new firearms.
My liberal family members are all about the "gun show loophole", but don't know the difference between an automatic and semi automatic. I just smile at them and ask them: "Which mass shooter took advantage of this supposed loophole?" Or: "Gee if we change our laws based upon a terror incident, haven't the terrorists won?"
Name one mass shooting that would have been prevented by the closing of the "loopholes"? Gun show, mail order (snort...libs think you can order a gun online with no check.) Just name one. The only loophole that would work is to prevent gansta's from selling or renting their piece to another gangsta. Good luck with that.
The local dealer here just spent $3mm on an expansion and indoor range. Watching the Cabela's and Gander Mountain results from this weekend. I have been lightening up on my trading position, but might buy back in if retailers are doing well.