Well I sold my measly 100 shares for about a $110 profit - that's what I did. Couldn't remember why I bought the stock in the first place so I guess the old saw "Can't go broke taking a profit" should give me some solace even if it continues to move up!
As you can see by my screen name, I'm a fan of the company and its products. BUT, from my personal observations of the market for what Smith and Wesson makes, I think a slowdown is inevitable and in fact is already here.
Demand should remain good but it can't stay at the levels it hit for the last year. So...what happens to the stock price? No dividend to make investors more comfortable if the price per share remains stagnant or declines.
If, as management predicts, demand wanes a bit, what's the reason to buy the company now? Like I said, I'm a fan and I wish the company and all those who support the Second Amendment well, but...