Gun stocks...
- Thread starter SLT223
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Geno44
Member
Do you suppose the results of the election removed some of the pressure to buy it while you can get it?
Maybe because they lost their number 1 salesman?
OP
SLT223
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Maybe I should have posted the curves....
The prices began falling March 22ish, 2016. At that time Billary was looking like an obvious winner.
Edit,
And I think I just answered my own question.
Is there anything else I'm missing? Anything specific outside of politics?
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Hillary winning the election was already priced in.She lost and that value disappeared.
Illini_Glock
US Veteran
I was hoping for input on a stock for my Remington 700. Back to the internets......
kwselke
Member
Come to grips with it, there is a new sheriff in town.
Don't know anything about Ruger but seems hard to believe when S&W purchased two new companies within the last year for close to 60 million IIRC. One would think that would make them even more valuable.
Of course to me the stock market is like adult baseball cards and can be affected by word that the President is going in to have his gall bladder removed. Has no real bearing on the companies in question but makes folks react.
Of course to me the stock market is like adult baseball cards and can be affected by word that the President is going in to have his gall bladder removed. Has no real bearing on the companies in question but makes folks react.
doublesharp
Member
Another gun forum I frequent is talking about the Firearms Crash of 2017. Says 500,000 fewer background checks this Jan compared to Jan 16.
FBI: Background Checks for January Down 500,000 from a Year Ago
FBI: Background Checks for January Down 500,000 from a Year Ago
bigwheelzip
Absent Comrade
From Rich Duprey, formerly a Motley Fool:
At the recent industry SHOT Show trade show, Smith & Wesson pointed out that when it looked at the adjusted numbers put out by the National Shooting Sports Foundation, which eliminates checks on permits and active concealed carry permit holders to provide a better indication of industry conditions, it found demand for handguns was down nearly 30% and long guns were off almost 9%.
That's troubling for American Outdoor because it generates most of its revenues from sales of handguns. In its fiscal second-quarter earnings report, handguns accounted for 72% of all firearms sales and 60% of total revenues. Firearms, whether handguns or long guns, accounted for 83% of total revenues. Over the first six months, firearms represented 88% of total sales, so if the industry is slowing, American Outdoor is going to feel it.
The growth by acquisition strategy is often not a successful one because rollups rarely see the synergies often touted when the deal is made. So far, the acquisitions it has made are seemingly smart and let American Outdoor acclimate itself to the new conditions. But that could derail quickly, particularly if the gun market implodes as some suggest could happen and its performance appreciably declines. In such a scenario, investors will find 2017 to be American Outdoor Brands' worst year yet.
At the recent industry SHOT Show trade show, Smith & Wesson pointed out that when it looked at the adjusted numbers put out by the National Shooting Sports Foundation, which eliminates checks on permits and active concealed carry permit holders to provide a better indication of industry conditions, it found demand for handguns was down nearly 30% and long guns were off almost 9%.
That's troubling for American Outdoor because it generates most of its revenues from sales of handguns. In its fiscal second-quarter earnings report, handguns accounted for 72% of all firearms sales and 60% of total revenues. Firearms, whether handguns or long guns, accounted for 83% of total revenues. Over the first six months, firearms represented 88% of total sales, so if the industry is slowing, American Outdoor is going to feel it.
The growth by acquisition strategy is often not a successful one because rollups rarely see the synergies often touted when the deal is made. So far, the acquisitions it has made are seemingly smart and let American Outdoor acclimate itself to the new conditions. But that could derail quickly, particularly if the gun market implodes as some suggest could happen and its performance appreciably declines. In such a scenario, investors will find 2017 to be American Outdoor Brands' worst year yet.
DWalt
Member
"The growth by acquisition strategy is often not a successful one because rollups rarely see the synergies often touted when the deal is made."
Strange how that is often the case. I think it results from a lack of focus on the core business. Anyone remember when the "Conglomerates" were all the rage on Wall Street?
Strange how that is often the case. I think it results from a lack of focus on the core business. Anyone remember when the "Conglomerates" were all the rage on Wall Street?
