PLease God. You arent short are you? Yes, people like owning different types of armament for different applications. Guns are hot. Guns are in demand. When someone buys their first gun, they buy 2,3, 5 in the next several years. Its our right and our responsibility to be armed. I know you are just asking skeptical questions, but Please God, don't be short.
ATK maker of ammo/ guns/ defense is the most undervalued of the group. See a 2 year chart. Its still cheap. See you at $200. See my early calls on this one.
Probably deserves a 20 PE going forward since they are the Apple of their industry with 30%+ growth expected out into the future. Dont be short. Please for you and your family.
Long and strong. I think the shorts saw that 77 print and #$%$ their pants. Agreed that we could be witnessing a black swan possibilty with 6 million shares short that have to be bought to close out the pain. 6 million short shares of 20 million outstanding fighting to get through the keyhole could drive us up another 10+ points. This stock is worth over $100 but to see it head their this fast is disturbing for me since I am getting rich, I cant imagine the horror of the shorts. This will be an epic burn for them.
This stock is dirt cheap. Whose going to take a shot at it? I
They dont get the gun culture. They dont understand whats happening with this company. It is the Apple fo the industry offering best of class products in different segments. They think they can turn it into a number of units shipped equation. While true that the numbers may have peaked in this last move, they place no value on the installed franchise, the reoccuring revenue from accessories (mags), customer loyalty, growing shooting trends etc. This is a 2 billion dollar mkt cap franchise+, all the shorts can do is on a coordinated basis, take runs to collapse the stock or hope their 1 schill of a analysts pounds the table and calls the top. They will lose a lot of money when all is said and done.
Saying this will be their slowest growth qtr over qtr in 6. Has 99 EPS rating which means if they beat the mo mo players could take us up violently. Or..well lets not think about that.
I am long RGR for many years. I think the stock is still undervalued but the shorts thesis that gun sales have peaked is quite true. Despite a giant eps number they may drive the stock down. The channel is restocked. I see no upside number that can break us to new highs? Do you agree? Yes I think RGR can support a multibillion dollar mkt valuation some day (next year-$100) . Predictions on where we trade next week? Regards.
I dont think there is any resistance at this new high. What we have is 6.6 million shares short that will be looking to get out of the key hole at the same time. This could be a black swan event where we are up $20 between now and the end of the year assuming RGR has a great report. Shorts are sweating, screaming inside, beating their wives on this one. This could be ruinous. Enjoy and buy a RGR gun this week and give thanks.
As we just gutted out an attack on our tremendously profitable enterprise, remember that the gains get bigger and more violent from here. Longs have the upper hand now. We could see 5%, 7% up days on volume followed by an #$%$ burning short squeeze. This business has always been undervalued. Its not about how many guns they sell but the fact that with their installed base AND growth in new business EPS will rise next year. This company is cheap at $100. If you want to add on strength it has to be now, because the inclincation will be to never buy at $70 or $80. Let the shorts and those new to story buy at those levels. Regards.
When one of these shorts closes out 500K shares and has to buy we are in the high 60s! Could happen in 2 days if we see a market rebound.