Smith & Wesson Holding Corporation Message Board
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He has his hands full with his 3 scandals. There's no time for pushing gun control. He's fighting for his life.
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Canada no longer withholds 15% from US shareholders on Canadian stocks if you own them in your IRA...another thought, if you own SLW as a hedge against a falling dollar, being Canadian, there is an extra benefit since Canada's debt situation is allot better than us. They also have a fairly stable medical system when compared to the major upheaval Obamacares implementation is doing to our economy.
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As I stated in a previous post, I'm not a trader. I do consider the recent metals weakness to be positive for SLW 's longer term business plan. I do consider myself a disciple of the contrarian theory however. It appears to me that we are at the most bearish consensus on the metals we have been for years. This may be valuable to those of you who are traders . I must add the caveat to NEVER USE LEVERAGE.... My 40+ years of investment experience has taught me this through my own experience with it. You can be right 9 x in a row and wrong the 10th time and wipe out all previous gains. Needless to say, few are right 9 x in a row to begin with. Younger investors think they have lots of time so they can afford the extra risk. I say, it does no good to keep starting over.
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I know several things to be fact. Debtor nations around the world are printing fiat currency like mad to solve their problem. Paper money will continue to decline in value. Positive balance of trade nations are dramatically increasing their holdings of gold as a percentage of their reserves. Physical demand continues to be very strong. The silver/gold historical ratio favorable for silver. Industrial demand for silver is strong. SLW is an excellent way to get exposure while collecting a div while you wait. Seasoned management team to take advantage of opportunities. In the short run, I have NO idea where the metals might go. Hedge fund and margin liquidations, "chart patterns", seasonal issues and other things may trump what I have stated if you are a trader. IMO this is a stock to take a position in around these levels to hold for at least several years if not longer. I'm betting both the pice and payout will grow over time.
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A growing problem for SLW was that their business model was starting to look too easy, making good deals harder to find and competition in their field. This recent weakness in precious metal prices and ABX's recent political snag will give them some awesome opportunities as mining operators need CASH up front partners to finance projects. The banks will be more cautious. Lets face it, if you don't think gold and silver are going higher over the next 3-5 years, you have no business owning SLW. If you do, SLW is one of the best ways to protect against declining fiat currency values and participate in rising metal prices .
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eom
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Eom
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Cerberus is not just the Devils gatekeeper in Greek mythology. They have a horrible rep here on Earth as well. It would be a huge mistake for S&W to get involved with them. If they do I'm gone. They will find skeletons with every door they open. S&W management PLEASE HEED THIS ADVICE....
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After market close means 4:01 E.T.
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Good buying opportunity.
Sentiment: Buy
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Just like RGR which I also own, SWHC reported fantastic results and sold off heavily. I'm looking for the same kind of strength that RGR displayed since to also be true for SWHC. New highs are in the cards not too long down the road.
Sentiment: Strong Buy
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Hang in there folks. Let all the liberal a&& kissing pension mgrs unload their their SWHC and RGR and then watch them fly. And for all you 2nd amendment bashers who believe only cops and military should have guns, check out the news right now of what happens when a whacko cop goes nuts. Another example of "guns don't shoot people, crazies and criminals do"
Sentiment: Strong Buy
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I'm looking for surprises to the upside. Backlog has to be up significantly as NICS data is up significantly year over year and used sporting rifle prices have gone through the roof since the Sandy Hook disaster. Add to that the discussion of possible passage of a national ban of high capacity clips. Gun legislation now appears highly unlikely but so-called paranoid 2nd amendment advocates now don't seem so paranoid anymore. It is apparent to everyone now that if you want a certain weapon you better buy it while it is available. Add to all this the continued denial by bleeding heart liberals that inner city social decay and the mentally ill just being turned out into society have anything to do with the problem. Lets get rid of cars, not drunk drivers too. I loved the way Ted Nugent tore idiot left winger Piers Morgan a new one. I had the distinct feeling Piers was intimidated by Nugent. He didn't have the usual cockiness. The Brit mamas boy was way out of his league discussing guns with Ted...You can bet that Piers has armed body guards with him at all times. Hypocrite. .... RGR is also a buy here.
Sentiment: Strong Buy
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Eom
Sentiment: Strong Buy
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With bogus and possible illegal political pressure being put on banks working with "legal" gun manufactures, besides pressure for public pension plans to divest of gunmakers stocks, look for M&A discussion. Money is cheap right now and the two guns stocks are dirt cheap. I think both SWHC and RGR could be candidates for going private.
Sentiment: Strong Buy
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shorts get ready for a Valentine.....as in Valentines Day Massacre.
Sentiment: Strong Buy
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EOM
Sentiment: Strong Buy
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Eom
Sentiment: Strong Buy
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I'm betting many of you are to young to remember the ad the NRA ran back when Australians had their semi auto and PUMP rifles and shotguns CONFISCATED and chopped up. The ad was actual Australian gov film footage of the carbide cutter chop shops cutting up beautiful "hunting rifles and shotguns". We're not talking about " not being forbidden to purchase"... We're talking ILLEGAL TO OWN.... We're not talking Ar15s and M4s, we're talking Model 12's and #$%$ ( if you don't know what those model numbers refer to you've already wasted your time reading this far.). Wake up out there. The courts have decided our 2nd amendment gives us the right to own weapons designed for our personal defense. Our framers didn't have hunting rights in mind when they wrote it into the constitution. They wanted us to have the ability to protect ourselves from the tyranny they had to fight for from King George. Now it appears we have King Barrack. This is the moment of truth regarding the 2nd amendment. This is the line in the sand. If these liberal idiots get their toe in the door here, they'll be going after handguns next and then anything that shoots. When the midterm election comes around if the "right to bear arms" means anything to you, you better remember who the good guys are and who are not. Remember, before the last election both Obama and Biden claimed to be 2nd Amendment supporters.
Sentiment: Strong Buy