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Alliant Techsystems Inc. Message Board

equity_360 5 posts  |  Last Activity: May 4, 2015 7:38 PM Member since: Mar 29, 2013
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  • equity_360 equity_360 Feb 24, 2015 9:12 AM Flag

    Quite good observation on hedge funds. Clearview owned Bettenfeld for only a year or so...not sure why the family sold to them in the first place vs to a higher bidder. Usually an asset like that gets sold to a strategic bidder rather than a financial bidder, as the financialguys pay about 20% less. Three possibilities, 1) the company was introuble, 2) the family needed fast money, 3) the family got suckered into the deal with clearview.

    I say 3. The hedge fund probably saw a good opportunity to dump and make a nice holding period return ( prime time to sell, another year would reduce the holding period return)

  • equity_360 by equity_360 Feb 25, 2015 10:45 AM Flag

    Comparing the two companies, Smith has an edge on Ruger as Smith moved faster to the next gen in the gun market. Ruger is stuck with a legacy of sorts:
    -mini 14: while a great gun, it harkens back to another generation, ie WWII vets. They tried to modify the mini 14, but produciton costs remained high, and the market was moving to the AR, Only recently did Ruger add an AR (too late),
    -The Mark pistols... only in the last few years did they do a makeover ie the 22/45, the Lite,
    -Ruger was slow on the uptick with pistols. They should have moved faster on the polymer development,
    - in short, Ruger is kind of a 'stuck' company.

    Recall the DATBE character claiming that Debney never fired a gun and was thusly unqualified to manage a gun company. Well, I think Fifer has spent to much time on Bills lap and can't seem to move off center. Debney was in a much better position to move the company forward than Fifer could ever be.

    Ruger should really be working on the future, and what the Sturm Ruger company needs to do to compete with SWHC (and the like). It seems Ruger is always looking for the next HIT, which is ok tactically, but falls short strategically.

  • equity_360 equity_360 Feb 25, 2015 1:36 PM Flag

    pssst... you understand now why debney bought the injection moulder? They will always be first in line for polymer parts.Those presses can go like mad... The rest of the parts they need are stamped, excepting the barrels, and stamping will not determine the flow.

  • equity_360 equity_360 Feb 25, 2015 9:54 PM Flag

    All comments respected. I would add that sw is a mass marketing company. You cannot be a mass marketing company unless you have products that appeal to the masses on P Price. Thusly, we have chinese made items. Sorry, but there are no rooms available for delitantes in the mass market.

  • Reply to

    List of HLF Assets

    by marvin_gardins May 4, 2015 5:18 PM
    equity_360 equity_360 May 4, 2015 7:38 PM Flag

    Hey, they turn inventory how many times per year? I would say that if they wanted to liquidate, they could sell it at a 30% discount off retail and still make a margin.

    Fact is, the company is worth 4.0 billion. The lenders will get paid

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