I haven't been following the news on the Army's search for a new service pistol but I can't for the life of me understand why in an environment of shrinking budgets, cutting troop strength and general downsizing they would want to spend money on a new pistol.
They have a good, serviceable pistol in hand. Is it perfect? No. But a new one would require a lot of money spent in retraining and all the other stuff involved in changing a weapon system at a time when money is tight. For a marginal upside. It's a side arm, for pete's sake!
I predict they will stick with the M9 for quite a while and I think they should. Save the money wasted in this procurement joke and keep a few more soldiers rather than forcing them out.
A J-frame revolver is your best bet as far as total reliability (your first priority in a self-defense weapon), I would strongly suggest Models 642 and 442 for concealed carry.
Semi-autos are nice, but they are much more likely to malfunction than a revolver. As an NRA Pistol instructor I have seen semi-auto malfunctions more times than I can count but revolvers only twice.
I don't believe he said that health records should be made "public." Read it again, why don't you.
But it is clear that all this shielding of employee behavior in the name of privacy makes it more difficult for everyone. Having been in the position to hire and fire, it's just amazing what you no longer can tell someone who is interested in a former employee. About all you can say is, yes they worked here from such and such date and not much more.
Glad I'm retired and out of it.
Not even 1 or 2% to start out? You guys are tough! By the way, I don't think they will be buying back shares anytime soon after the recent price rise.
Let's say 1.5% - that would be 27 cents out of the 90 cents ttm earnings.
Seems doable to me. I'm holding in a Roth IRA account so tax efficiency is not an issue fore me.
I did like the Battenfield acquisition and said so at the time. That was smart.
A dividend - just a teensy weensy one to start. To prove the company believes it can be a steady money maker into the future.
What do you guys think about that?
Parent - It's remarkable how little activity there is these days on this board, except for the rather eccentric poster we've all put on ignore!
Nonetheless, I'm always interested in anyone's thoughts on the prospects for making money with this company, regardless of their ideological position. So thanks for replying.
Thanks for the insights. I'm tempted to buy a wee bit more even at the current price as I also anticipate a decent earnings report.
Anyone out there anymore? Where's Liberty and Parent? I'm starting to feel lonely!
Seriously, curious about the 4% decline today. I can't find any news although of course the market as a whole is down. As is oil big time but what would that have to do with Smith and Wesson? Maybe I just have more time on my hands than the rest of you guys.
I sold at 8.55 with the idea of getting back in for a few shares at a lower price. What's a good target do you think. PSEC just seems to continue to sink.
ndibari73 - If you are right looks like I'll get called out and have to book some capital gains in addition to the dividends and call premiums. That;s okay with me too.
But what the heck, maybe I'll take a flyer and buy a few more shares of T while it's still below $35 and hold off selling calls on that batch.
So, have you got a sell order in at 42?
Buy the stock. Sell out of the money calls against the shares you hold and wait for them (the calls) to expire with the stock price still below the call price.
Repeat. The trick is to pick a strike price that is far enough out of the money so that you get to keep your shares. With T this is not too hard, since its price is not very volatile.
But ndibari73 is right in that it makes no sense if you are in the market to make a big killing.
To some, making a few bucks year in year out off selling covered calls on a stock with a safe dividend like T is just "small ball." But to a retired guy like me, it's okay. Preserving principal while making a decent return is my goal. If I were younger, I'd take more risk in pursuit of capital gains.
I guess I was also responding to those who were complaining that there was so little upside movement to the stock, who must be looking for those large capital gains. If that's what they are after, they need to be in other stocks besides T.
So I guess it depends on what you consider an acceptable rate of return.
To me, 5.5% plus whatever I get from selling the out of the money calls is cool. And it's a great feeling when your call position expires and you book the profit. Of course I do all this in a Roth IRA account so don't have to worry about taxes.
One that currently pays 5.5%. And if you are clever enough you can sell out of the money covered calls over and over and keep your shares, increasing your return. How hard is that?
I don't care if the stock price stays at $34-35 forever, I'm making good money.
Any reason for today's swoon? Did someone forecast more gun-control efforts as a result of the Louisiana murders?
Just trying to understand the drop back under $16