I would typically agree with you, but due to the fact that there is a pending conference call in the near future, they could just be saving the info for the conference call. Just my opinion.
This is the same guy who said don't touch ZGNX at $1.15. My 2000 shares at $1.19 doesn't look too shabby right now do they?
for a company to increase guidance and have a blowout earnings report and the stock drops, its not love, its clearly manipulation. Good job selling yesterday, but when this stock goes above $11, I'll come back and ask if your still glad you sold.
Net income from continuing operations came in at $17.5 million (26 cents per share), compared to $5.4 million (8 cents per share) in the same period last year.
It's call manipulation. Everyone knows this should be trading at least above its 52-week high of $11.25. Valuations have it around $14-$15. Don't let the MM's scare you and make you sell at this BS level. Sell them to the hedges around $14.
Got my sell order in at $16. They can have 'em if they want 'em at my price - not their crooked undervalued prices.
This "news" is too good to sell. It's almost the same as an FDA approval for a bio - do people sell on that news? No. The bio stock usually doubles. Zacks ranks are only for their benefit - no one elses.
Note to all. MM's will try to shake the tree early. They want to free up shares to then sell 'em to funds and then the upgrades will follow. HOLD your shares, BUY on the DIPS!!!! This will be breaking the 52-week high SOON!!!
Just happened to forget #5 - the Company increased cash while decreasing liabilities. You don't even need to be an accountant to know thats a good thing.
PPS will surge today. Why?
1) 38% year over year Growth
2) Increased guidance (when Management is typically conservative)
3) Co. now has one year's worth of backlog. What does that mean? AT LEAST 3 more quarters of fantastic earnings reports.
4) Due to the significant amount of cash on hand, there is speculation of increased stock repurchases by the Company.
1-4 explain why a storm is brewing, and why SWHC will breakthrough its 52-week high very, very soon.
Due to the fact that MM's never want retail to make money on the market, they will drop the price most like - which is insane because they had a blowout quarter and increased guidance - which on ANY other stock, would cause the pps to increase. My guess is we see a drop in the AM - to trick the retail investors to sell - and then a quick rebound - because the MM's will be selling to their buddies. This retailer is staying long.
Guess the market wanted them to report that they only sold one gun the whole quarter, and that they are only planning on selling one bullet next quater.
yeah - the same ones that are invested in philip morris and beam, inc, oh and probably ford. More people are killed by cigarettes.... alcohol.... cars.... than by guns. I'm glad the dumb pension funds are providing me with cheap shares,
40% is a fantastic return and I don't blame you for not playing the E/R. I'm just tired of shorts saying "any day now another shooting will happen and this will go to zero" or "eveything thinks this is going to pop after earnings" and its not going to. I am long at 8.19 (entered my position in early January). Before RGR reported earnings, their stock was around $52.50. After earnings, it jumped to $55.22; next day dropped to approx. $51.50 and then very quickly rebounded and now, a few days later, is sitting at $57.54.
There are two significant differences between RGR and SWHC. 1) RGR announced a dividend of .404 on their earnings call, which SWHC will not do - which means SWHC is keeping $ in the company rather than giving it to shareholders - helping increase the pps rather than decrease it 2) SWHC's quarter includes January 2013, which RGR's quarter was only through 12/31. This is huge, and will most likely cause an even more blowout than RGR's earnings report.
My last point is that analysts are going to try to say this is a one trick pony because the only reason SWHC sales were so good was due to the run on guns caused by politicans. Though this is true, the run has not stopped. The FBI reported today that backround checks are still extremely high - they topped 2M in February 2013 (around 2,200,000).
In my opinion, the "drop" that all the shorts are banking on may occur at the next earnings call, but not this one. My prediction is EOD tomorrow SWHC stock will be sitting around $11-11.25. AH will hit somewhere around $12, and then the possibilities are endless for the rest of the week. We may see some pension funds dumping shares, but smart investors will be picking those shares up and this will have the same chart as RGR subsquent to the small dip that occurred on their chart - because I don't believe that dip will happen with SWHC.
You do realize that people are banking on a significant drop right after earnings just like RGR right? So, your point is that "so many people think it is going to skyrocket after earnings" - my point is that "so many people think that it is going to fall drastically after earnings" just like it has after the last few earnings calls and just like RGR did.
However, what happens if SWHC announce a buyback, along with a 1/2 billion in backlog? a 1/2 a BILLION. If you think this isn't possible, they had about $369M as a backlog in September. If their backlog is 1/2 a billion, then guess what? SWHC's NEXT earnings report will be a blowout as well. I'm not too sure longs and count on the massive increase in pps after the call, and I'm not so sure the shorts can bank on the sharp drop. What happens if it doesn't move?
Everyone has their opinions - just thought I would share mine.