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Smith & Wesson Brands, Inc. (AOBC)
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3,873 reactions on $AOBC conversation
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I keep hearing reasons why this should be doing well, and because I own so much, I'm biased to like it, but I've lost so much money on it I have to ask why I cant find news or even theories why it keeps dropping.
Can anybody give an educated (non-conspiracy) theory as to why the calculated value keeps defying actual price?
*please spare us talk of short selling conspiracies
When you look at the open interest in the call options for all months going forward there is a lot of people expecting huge moves. The manufacturers programs are coming out for the fall season and Smith will never be able to begin to fill the orders they're getting. Dealers are ordering 3 and 4 times normal in hopes of getting half of their orders. I just bought some today in the low 15's for hopes of a double by year end. I'm not getting inside information but I'm living the firearms business daily and listening with all eyes and ears open. I'm beginning to think you can make more on the stock than selling the guns at the current price.
Vista Outdoor won the bid to buy certain assets related to Remington's ammunition and accessories business. They will pay $81.4 million pending approval of the bankruptcy court in Alabama....hearing to be held tomorrow.
kevin...per your post 4w ago for first time ever.. you bought a single gun and had no quality issue complaints in your post.. now you just posted you bought two guns for the first time with detailed quality issues.. what gives? Very suspicious...
email SWBI demanding board declare share buybacks...use all the cash from gun sales to retire 3-4 million shares...and burn the shorts...
Just look at the increase in shorts from August to September ... there’s our problem.
how this stock isn't going parabolic at this point is beyond me. who cares about making profits while replenishing a severely depleted product when we can all be chasing the next money losing EV startup?
there's something that's been bothering me about this valuation I'm hopeful someone here can explain:
this stock was at almost $23 last election (adjusted for split, I believe).
are we saying we think theyll do better than that even though the threat of Hilary was at the time seen as much more likely and dangerous to 2nd amend?
have we all deluded ourselves to thinking this should be so much higher even if sales and current events dont reflect it as compared to 2016?
If you were in the firearms business for 47 years like I've been and you would see are want book for Smith & Wesson you would be totally amazed. Every Smith we get in is already sold. We have none to display in our showcases because we pick up the phone and call our waiting list and sell it on the spot. Don't be shocked if you 40's on this one.
The issue here is , SW don’t have a PR department that cares for the stock value and or stock holders and that is a mistake since they can’t keep with demand which is a good problem to have .
OK , here is :
Firearms demand has Aegis start Smith & Wesson at Buy
Sep. 24, 2020 10:34 AM ETSmith & Wesson Brands, Inc. (SWBI)By: Yoel Minkoff, SA News Editor
Smith & Wesson (SWBI +6.2%) spikes in early trade after Aegis initiated coverage on the stock with a Buy rating and $23 price target.
The company now denotes a pure-play stock in the burgeoning U.S. firearms industry, according to analyst Rommel Dionisio, after recently spinning off its Outdoor Products & Accessories businesses.
The firearms sector has also recently seen a significant bump in consumer demand, he adds, and could see another spike in demand (particularly for higher profit margin rifles and high capacity pistols) should the upcoming presidential election result in a changeover to Democratic leadership.
Power Hedge makes a similar case in a recent SA article, Smith & Wesson Brands: Surging Firearms Demand Makes This A Good Play.
The biggest problem we are having is the Pa. background checks are taking up to 90 minutes in some cases. The other big problem is getting product to sell, both ammo and firearms. I never experienced this degree of shortages and background check issues. It's making the whole industry crazy, it's like having a pizza shop and having no sauce or cheese. This stock is trading at a 5 PE or less after this earnings season and I missed the boat early on when I seen it coming and that's no excuse when your in the business. Very disappointed in myself.
Profit taking...bottom is in the high 14. Just add more if it dips below 15!! The only reason for sell off i can think of is the fear of gun control which would double our sales again!!
I unfortunately bought stock in this company and recently bought 2 of their guns as my first and second firearms because the product seemed to be attractive to what I was looking for as a new shooter. Unfortunately their quality control and customer service is horrible! My first purchase the paint on the sights was half missing after one use. S&W claimed they probably didn’t let the oil dry before painting. 3 options, put some white paint on myself, send back with no timeline to fix, they’ll send me new sights but I have to install (backordered). Awful! Second gun, laser installed as a factory option from S&W which Crimson trace offers battery replacements at no charge if you have serial number. Can’t get serial # without disassembling the laser. Not the gun, the laser. S&W says take it up with laser company even though they install it. No interest in my suggestion to include the laser serial # with the paperwork on gun, not their problem. Customer Service doesn’t care, ask for a supervisor they’re always out to lunch. Even director of customer service doesn’t return emails. I’m in the market for another gun, it won’t be a S&W. If you don’t service customers, they don’t come back and that’s why this company reach its potential.
I bailed out of this stock a couple weeks ago. But that is not important. But maybe this observation I had on Sunday is. I took a concealed carry class on Saturday in Clark County Nevada. Part of the process to get a CCW is getting fingerprinted. In Clark County this can only be done at the Las Vegas Metro Police department. According to the clerk that processed my paperwork (each day there are 14 clerks doing this) "each clerk does an average of 200 per day 7 days a week". That is 19,600 applications per week. That is a staggering number when you consider that is one county in one state. Of those I have no idea how many are purchasing a new handgun. I would imagine that maybe 25% are. And how many are purchasing a S&W is anybody's guess. And if my class is any indication at least 10% of those people should never handle a firearm again, not relevant to this conversation, but some scary stuff.
trading the 10&20 ema, we are still not confirmed on the daily......... 3% morning bump could easily be from someone taking profit on their short....
As new firearms sales in the U.S. continue to strongly overshoot previous years' figures, Smith & Wesson Brands, Inc. (NASDAQ:SWBI) attracted a highly positive analyst upgrade today. The gun maker won a revised price target of $27 from investment bank Lake Street Capital Markets, representing a 55.6% upside over today's $17.35 share price at market close. The firm's rating on Smith & Wesson is still "Buy."
In today’s world. I love the 17.50 call option for 11/20. Whatcha thinking people?
I just want to share with everyone that I also believe in SWBI and I am holding over 6000 shares at now an average cost of 16.80. I have done massive research and it all makes no sense. Bottom Line is this should be a 20$ plus stock. I am all in!!!
I see a lot of people commenting about technicals. Just curious, have you factored in the spinoff? SWBI at 15 today is completely different than SWBI prior to 8/24 since the stock price used to include AOUT but now it doesn’t.
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