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Smith & Wesson Holding Corporation Message Board

jrhauri 9 posts  |  Last Activity: Sep 10, 2014 11:19 PM Member since: Dec 24, 2004
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  • Reply to

    Debney's metal being tested..

    by libertee4all Sep 10, 2014 1:42 PM
    jrhauri jrhauri Sep 10, 2014 11:19 PM Flag

    You are sensationalism at its best. Unless you need money right now, I don't, there is no need to do anything but buy extra shares. Yes, the institutions need to show their profits. When I bought this at 5 and sold my 1/3 at 15, I told myself, everything tomorrow is all free money. I still have 7100 shares and it can sit until it makes my day. Do I care that the PE is at 7? No. Is a company that makes money very well in their market place worth selling at 7 PE? No. That would be the most stupidest investment I have made. I have made tons of dough on this stuff and have enough money to live for 50 more years. I just have someone tell me it's up 200% or the Ameritrade tells me its sold and I cash in. Anyone who wants to bash a good company at 7PE probably doesn't have much of a pot to piss in.

  • Reply to

    This CC will be crucial I believe...

    by libertee4all Aug 25, 2014 8:21 AM
    jrhauri jrhauri Aug 25, 2014 5:14 PM Flag

    Don't forget...they are taking a 4 penny hit on the government settlement from 4 years ago. I would say that if they missed by a penny or two, without the BS government thing, they would have again beat by 10-20% on their projections. Don't under estimate Debney's projections.

  • Reply to

    Ruger down big in after hours..

    by equity_360 Jul 29, 2014 5:53 PM
    jrhauri jrhauri Jul 29, 2014 8:27 PM Flag

    You are correct. SWHC may get the opportunity to buy back almost 20% of its outstanding shares. Much better than any little dividend. Pick your poison. Drive SWHC down and make short interest 40+ %. Let them eliminate shares. An elimination of 20% shares makes it 1.60 earnings per share with the conservative estimates. Much different situation than RGR.

  • jrhauri jrhauri Jul 23, 2014 10:57 PM Flag

    You are correct. Have you considered that by buying down the shares, someone will find it irresistible to buy it? SWHC, is a well run company. They have brought demand products to the field and have been taking market share from others. What other company would you rather buy, when the company you want to buy has a 9 PE and a future 8 PE, and is making big time cash.

    I say that SWHC has received offers of 20+ to sell. It's not going to happen until the offer is 25+. Don't discount that possibility. When a company is far out performing the market, and is being trashed because they are only 1 of 2 publically traded companies....and a Multi-billionaire wants to crush them....don't bet against them. Bet that the Board of Directors at SWHC will accept the best deal that comes along.

    You said that the short interest has been reduced. DUH, of course it has been reduced. There are less shares to trade and SWHC isn't going to make less money per share than they did yesterday!

    So, everyone can take the Hamann view and SWHC is toast because gun sales are going to zero. OR..OR, you can take the view of SWHC has taken market share and because of their cheap value, make money on an SWHC acquisition. In either case, I want to see continuous reductions in outstanding shares. I believe the old farts of the company will never allow another crazy acquisition. No..Nada..never happen. SWHC is making themselves more valuable, as they have been at the direction of the old farts, (Debney saved them) and they will be sold for a nice premium. There is no crazy SWHC acquisition in the works.

  • jrhauri jrhauri Jul 23, 2014 8:36 PM Flag

    I think the smarts have figured it out. Of course, if the world was full of smart people, this would be skyrocketing now. Thankfully, we live in a world of not very smart people. Otherwise, I would have not made almost 300% on the shares I sold back in March for 3.81 to pay taxes. Looks like the price is above that and about to go higher with more shares taken off of the table. That Debney is a smooth dude, and none of those old timers are going to get in his way...especially after the money that he has made them, and going to make them more.

  • jrhauri jrhauri Jul 23, 2014 8:21 PM Flag

    I'm not trying to burst your bubble, as I still have 7100 shares long at 5.40. It had to go down since SWHC has taken well over 10 million shares off the table (~18%). There are less shares to short and PE will continue to rise if more shares are taken off the table with buybacks. Everyone should give SWHC its due. All of the shorts can hate them, but the numbers don't lie. While the company is a cash cow, the Board of Directors are going to vote to keep reducing the shares so they can cash out. This 75 mil is a bonus to them because they just made 10% immediately. These old farts are just looking out for themselves. They are not going to goof it up just because the company is making money hand over fist. They could care less about the company. They want to cash out. Why do you think Golden, who almost took the company into bankruptcy, hasn't sold. They are reducing the outstanding shares until someone, with the PE lower than 10, will buy them out. It's not that hard to figure out.

  • Reply to

    So what is it?

    by equity_360 Jul 23, 2014 12:33 PM
    jrhauri jrhauri Jul 23, 2014 3:26 PM Flag

    I'm not saying that they are going to use that 75 mil for buybacks of stock. However, I would rather that they did. Increasing share value 15% on a loan value of 5% is a smart move when your business is operating like a well oiled machine. Instant 10%. That is how you make money in todays low margin world.

    You better have done some damn good due diligence if you are going to buy another business that is in trouble. SWHC has spent years getting out of the hole from past acquisitions. The plastic company acquisition was smart because it added to the bottom line immediately. I don't think that the current old guys, about to cash out, are going to vote to get "adventurous" and risk the last biggest payday of their lives.

  • Reply to

    So what is it?

    by equity_360 Jul 23, 2014 12:33 PM
    jrhauri jrhauri Jul 23, 2014 1:43 PM Flag

    There was 27 mil left for the last buyback. The new 75 mil was announced recently and they said could be used for new buybacks, which they will announce before they do it. They are also still making dough, so a PPS of close to normal, (albeit SWHC PE is much less than normal) should be in the works.

  • Reply to

    So what is it?

    by equity_360 Jul 23, 2014 12:33 PM
    jrhauri jrhauri Jul 23, 2014 1:20 PM Flag

    I seriously doubt that it's short covering, even with past PE less than 10 and future PE less than 9. The shorts always believe bad news is just around the corner and they are a patient bunch, waiting years (Hamann).

    Considering that Debney usually beats by at least 10% and he forecasted earnings only 7% below last year's record numbers, many should expect a better year than last year. Add on the possibility, with the buyback AND the 75 mil, they could take out almost 15% of the outstanding shares. SWHC's current and future PE is at a level of a company who is in borderline trouble. SWHC is far from being in borderline trouble.

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