It might be Gary, indiana. Just kidding. And yes, swhc has been a value trap of sorts for the shorts. Short interest still 30%.... Swhc is going to have more pps to tack on with Battenfeld acquisition. The shorts did not contemplate that at all...the cashflow per share on that deal is amazing. There is more to come on the acquisition front. The targets (no pun intended) are running out of steam and confidence, and other acquirers may be headed for cover...
The military seems to want to go striker fired,
The military wants a gun with a higher success rate (accuracy) with the new recruits,
Does the military want .40 or .45? I am thinking that the .45 is more attractive to them..
As to Beretta...they seem to be sending the same hen to the fair with their dolled up 92. My first impression of it was ( and confirming was was said here earlier) that Beretta was simply using the same old, with the thought that the army doesn't want to make a huge change with platforms, training, etc...i think that is the biggest hill any competitor must climb in this race ...
I agree on your 45 thoughts, but i keep hearing things...
The m&p platform is simply the way to go... Notice that beretta really didnt knock themselves out with a new version....do they see the handwriting on the wall, can they produce an entirely new concept, or are they simply going to work with small modifications.
I think it was Morgan Stanley. They recently refinned the other debt of colt..i think they are going to to a "loan to own" transaction...watch for chapter 11 soon.
You were correct in assuming that colts debt was greater than the value of the company, now its down in a range that MS can get an excellent return in a 363 sale. I think MS bought the additional bonds much cheaper?
You've lost your marbles and haven't considered the full spectrum of liberal responses. Effective tomorrow at 8:00 am, eastern blueblood time, the editors of all newsrags belonging to the North American Society of Journalists of North America, herein, "NASOJONA", will place no-gun placards at the entrances of all NASOJONA properties.
Works well. I think funds are adding, as there isnt any loud and jazzy stuff going on to attract the retail. Short report coming out on Monday. I think we will see some net covering. The reality that swhc can hold a pps here or higher is probably taking hold, bolstered by the acquisition, which will immediately add to pps lat quarter and the army contract stuff.
Absolutely right. As i said before, beretta was going to take a flying leap at the 92f, as it would be the easy-peasy way out. It appears however, that their backup gun is the px4.
This situation is not being followed with as much zeal as a hedge fund would cover abc co and a cure for cancer, but perhaps no one thought the 92 was going to make it anyway.
All that said, what else would one chalk up the nice price increase in swhc?
The bad behavior on the part of the #$%$ just kicked the insecurity meters up about two notches. I would not doubt that the terrorism factor has had a 10% increase in gun purchases and carry permits. Better to be prepared when one or more of those whack jobs decides to honor their jehova with a mass killing.
L, i generally agree. I think the market is giving swhc some credit on the m9 front, also for the acquisition, as it will add a significant amount of ebitda.
True i think that if swhc loses, it knocks $1-2 out of the pps, but, you are selling the win short. I think if the market hears that swhc won the army contract, it will be a $5 pop, as every gun junky and arm chair investor will think that the army contract is the bees knees. Remember, the larger market likes to trade on this kind of neat news.
Remember the days in the 90s when a company would announce that it was going online with a website. The stock would skyrocket......they could have put a buggywhip company on the net and the price would triple.
With all the #$%$ running around the world cutting offf heads and shootin up the place, you better believe that more people will get a ccw permit, and maybe invest in a nice compact carbine auto loader for the trunk.
Cool. Soon is right. The shorts have been casually filing out of the theatre for the last 2-3 weeks...sooner or later one of them might yell FIRE, and they might all kill themselves getting out.
This has been a long cold ride in the third class carriage for the shorts. They did manage to churn their position, but thats no comforting at this point with the prospects for $14 higher than the prospects for $9.
Debney really deserves the credit here. He is a top class manager, and it must give him great amount of internal satisfaction to be able to be at the right place, right time, buy back stock, make a large acquisition, have a strong balance sheet, and now report improved guidance.
Good job James!
Watch for the cover and reshort routine....covering for a few days, and ramping up, but then shorting back down....calling this top will be difficult, watch volume.
Could this be the start of a MOASS?
Either to stop further losses or preserve some gains. The ballgame has changed abruptly and the shorts need to move their valuation up.....
Where to sell, i am wating for volume to slow, but not yet, i think the shorts will push it up to cover, then short it down. One thing for sure, the level of short interest will fall, as the bruised and battered short boys go on to greener pastures.
Naive morons. The thought didnt cross their mind that many in this country are ALARMED at what they are seeing take place with isis. That alone will boost gun sales 1-2%. And when those maniacs finally hit the lower 48, there will be another rush to the gun counters as the east coast liberals get their ccw permits.
Still comparing to last year? Thats not sound reasoning and demonstrates a lack of understanding for what has been going on. Look at the longer term sales growth and try not to include the spike years, or at least smooth those out.