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Media General, Inc. Message Board

smithmanmodel10 29 posts  |  Last Activity: May 20, 2016 3:41 PM Member since: Feb 18, 2009
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  • Reply to

    Stores

    by raypay2003 May 17, 2016 4:57 PM
    smithmanmodel10 smithmanmodel10 May 20, 2016 3:41 PM Flag

    Me too.

    Sentiment: Buy

  • Reply to

    At today's price

    by smithmanmodel10 Apr 15, 2016 12:35 PM
    smithmanmodel10 smithmanmodel10 Apr 18, 2016 4:19 PM Flag

    Bought a few more shares at 21.50.

    Sentiment: Buy

  • Reply to

    At today's price

    by smithmanmodel10 Apr 15, 2016 12:35 PM
    smithmanmodel10 smithmanmodel10 Apr 18, 2016 9:45 AM Flag

    Still thinking...

    Sentiment: Buy

  • smithmanmodel10 by smithmanmodel10 Apr 15, 2016 12:35 PM Flag

    I am thinking about adding shares.

    Sentiment: Buy

  • Reply to

    Diversification is dangerous.

    by avxtunnelvision Apr 14, 2016 12:37 PM
    smithmanmodel10 smithmanmodel10 Apr 15, 2016 10:28 AM Flag

    What do you think about the Battenfield acquisition?

    Sentiment: Buy

  • Reply to

    I got an idea!

    by smithmanmodel10 Apr 6, 2016 10:23 AM
    smithmanmodel10 smithmanmodel10 Apr 6, 2016 12:04 PM Flag

    If there were a small dividend I might not have sold the shares I did this morning at 24 (bought them at 23 Monday). I still have a bunch of shares but that sale serves as sort of a substitute for a dividend payment, at least in my mind.

    Would a 1% dividend seriously impact the company's chance to do some more acquisitions? I liked the Battenfield move - that was smart.

    Sentiment: Buy

  • smithmanmodel10 by smithmanmodel10 Apr 6, 2016 10:23 AM Flag

    Actually the same one I've had for ages about SWHC - instituting a dividend.

    I mean a small one, just to show the company has confidence in its earning projections. I know everyone thinks it's a crazy idea but without a dividend this stock is relegated to in and out buying and selling, day trading, speculation and dare I say it, manipulation.

    A small dividend would change the way folks think about the company. Maybe a little bit.

    Sentiment: Buy

  • Reply to

    This stock was manipulated today

    by mktdata1 Apr 4, 2016 6:19 PM
    smithmanmodel10 smithmanmodel10 Apr 5, 2016 9:26 AM Flag

    From the current Fortune article which you can see here on Yahoo:

    "Both Cowen and BB&T analysts noted that demand for guns seemed to be weakening as of late, pointing to data from the National Instant Criminal Background Check System, which reported that the number of background checks for gun buyers fell 13.2% in March from the month prior—the “weakest of the past decade and well below ten year averages,” wrote the team of analyst at Cowen led by Cai von Rumohr."

    It doesn't say anything about permit applications, it says gun buyers.

    The article also cites fear of terrorism, citing the European attacks,as the motive for purchasers and infers what future gun buying behavior will be based on that motive.

    Again from the Fortune article:

    "The news comes after Smith and Wesson reported stellar sales for firearms in the third quarter, driven by buyers who were concerned about increasing gun control laws. The current period’s demand however has been driven by consumers seeking personal protection following terrorist attacks in Paris—leading buyers to stockpile handguns in anticipation of recurring attacks, Cowen noted.

    But that cuts into future gun demand—at least in the short term."

    So they can read my mind now when I buy a firearm!!

    Must be, because I don't recall being asked on the last 4473 I filled out why I was buying a gun!! Nor whether I might by another in the near future.

    The more I read this stuff, the more I question the motive of the writers.

    Sentiment: Strong Buy

  • Reply to

    This stock was manipulated today

    by mktdata1 Apr 4, 2016 6:19 PM
    smithmanmodel10 smithmanmodel10 Apr 4, 2016 9:42 PM Flag

    People, I took a look at the NICS figures as well and the decline is indeed 3.4%. February 2016 was 2.613,074. March was 2,523,265. If my grade school arithmetic serves me, that's a 3.44% decline.

    https://www.fbi.gov/about-us/cjis/nics/reports/nics_firearm_checks_-_month_year.pdf

    And a little back of the envelope figuring will show you that if every month after March turns out to be EXACTLY the same as last year (no increase), all of 2016 would show about a 1,400,000 increase in NICS checks over 2015's numbers. That sounds like pretty healthy demand for product.

    Nevertheless, that 13.2% figure was repeated over and over in other "news" reports today. Don't reporters/journalists bother anymore to do 30 seconds worth of work before they hit the keyboard?

    Just for some background, I spent more than 25 years in the news business before retiring to my current sedate life as a part-time firearms instructor. The trend in the last years and the pressure on us was always about speed and getting something on the web as fast as possible. If it was wrong, you could always come back the next day and correct it.

    I'll never forget one poor soul who had a county with a budget in the billions rather millions (added that extra zero). Very embarrassing! And no, it wasn't me, although I did make my share of mistakes.

    Folks, my advice for whatever it's worth, is this. Take everything you read in the "news," online or in print, with a giant shaker of salt, be it about the stock market or any other subject you care about,

    Never accept anything that looks a little bit strange on faith but check behind the writer when you can. The average "journalist" is no smarter than anyone on this board and all of them are under a lot of pressure to produce pieces that will get clicks or sell papers.

    Sentiment: Strong Buy

  • smithmanmodel10 smithmanmodel10 Apr 4, 2016 2:56 PM Flag

    Funny thing - I'm sitting here trying to figure out how to make the most of the stock price movement today and get the call (less than half hour ago) that they are sending me a FREE brand new revolver. It just reinforces the point to me (once again) that this is a quality company.

    Sentiment: Strong Buy

  • Sent back an alloy J-frame revolver with a defect a couple weeks ago ( I bought it used, mind you ). They notified me today they are replacing it with a brand new revolver no charge.

    Can't beat that kind of customer service!!

    Sentiment: Strong Buy

  • Reply to

    Buy Opportunity - Here's Why...

    by beingtheonenow Apr 4, 2016 10:10 AM
    smithmanmodel10 smithmanmodel10 Apr 4, 2016 2:16 PM Flag

    Wish I had me a Stroh's right now!

    Sentiment: Strong Buy

  • smithmanmodel10 by smithmanmodel10 Apr 4, 2016 10:01 AM Flag

    23, 24, 25, 26? What do folks think? Should be a wild ride!

    Sentiment: Strong Buy

  • Reply to

    Sorry, this is not a downgrade of SWHC

    by shab.matt Apr 4, 2016 9:39 AM
    smithmanmodel10 smithmanmodel10 Apr 4, 2016 9:45 AM Flag

    Bought me some more shares just now. Thanks for the downgrade!

    Sentiment: Buy

  • Reply to

    Prediction

    by usasteve2 Mar 30, 2016 3:00 PM
    smithmanmodel10 smithmanmodel10 Mar 30, 2016 3:44 PM Flag

    The democrats may well win the White House. If they do, SWHC will soar.

    Sentiment: Buy

  • smithmanmodel10 by smithmanmodel10 Mar 28, 2016 10:29 AM Flag

    Article on Yahoo calls the New York "public advocate's" action harassment.

    How true. I see the stock is up a little this morning.

    Sentiment: Buy

  • Reply to

    Today's downturn

    by smithmanmodel10 Mar 24, 2016 12:12 PM
    smithmanmodel10 smithmanmodel10 Mar 24, 2016 4:09 PM Flag

    Bought a few shares at 26.35. In the old days I would have bought a bunch of out of the money call options but I'm getting more conservative in my old age! I really don't see anything in these various articles that changes the very positive outlook for Smith and Wesson going forward.

    Monday should be interesting!

    Sentiment: Buy

  • Reply to

    Army contract

    by dontbetheball Mar 23, 2016 8:38 PM
    smithmanmodel10 smithmanmodel10 Mar 24, 2016 12:43 PM Flag

    Always fun to speculate but I would bet money the army will NEVER buy Glock as a general issue handgun. I mean NEVER! Too much chance for negligent discharges by recruits with marginal training.

    Sentiment: Buy

  • smithmanmodel10 by smithmanmodel10 Mar 24, 2016 12:12 PM Flag

    Two items on Yahoo. First, the NY public advocate's letter, a non-issue. The SEC will not act against gunmakers. Second, Sportsmans Warehouse speculates that demand was pulled forward and the sales surge caused by existing gun owners rather than new buyers.

    All I can say is that in our concealed weapons permit classes we continue to see about 50% women, most of whom are first-time gun buyers.

    I used this drop to buy back (at a profit) some $29 covered calls I sold . I may buy some more shares as well today.

    Sentiment: Buy

  • Reply to

    trump effect

    by teslatrader Mar 19, 2016 10:04 AM
    smithmanmodel10 smithmanmodel10 Mar 20, 2016 6:21 PM Flag

    I'm thinking that a lot of folks assume that Hillary will be the next president if Trump is the GOP nominee.

    If she does win the election the next run on guns will start the day after.

    Just MHO.

    Sentiment: Hold

MEG
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