Smith and Wesson as an investment?

[smithman 10]

I mean stock in the company! The guns will always appreciate in price in my opinion.

Besides loving their firearms I've dabbled in investing in the company over the years.

News today drove the stock price down under $4 a share - a possible lawsuit stemming from the arrest of that VP some time back.

Goldfarb Branham Law Firm LLP Investigating Smith & Wesson for Shareholders Due to U.S. Government Probe - Yahoo! Finance

I don't own any shares at the moment but I sure would hate to see the company suffer.

Anyone have thoughts on the subject?

 

[rags]

I bought 75 shares about 2 years ago for $1.82 a share. I was playing arround with sub $2 stocks.

In about a year it closed some where just north of $6. I cashed out and took the $440 profit I made, put some money with, and bought a S&W MP15!

I'd buy their stock again if the price was low enough...

rags

 

[feralmerril]

Well I bought a batch when everyone said it could go no lower a couple years ago. So far it is worth less than half of what I paid! I lost my butt on silver 25 years ago the same way. I should start a newsletter, tell the people what I do so they will do opposite. They would make out well and keep me alive for a sure thing! I had a buddy buy a lot of shares of levetts furniture because it was so low. The next day they went bankrupt. Their slogan was "You will love it at levetts!" He wanted to kill me when I would sing that jingle at work!

 

[Iggy]

Feralmerril.

You and I should collaborate on that news letter. I'm the the death knell on stocks.

 

[ladder13]

Me three, call for a tip and go the opposite way, FAST.

 

[FlYFiShErMaN]

be better off investing in glass jars (full of your cash) to bury in your back yard

I have no confidence in the market

 

[usmc1369]

i bought ruger stock years ago when they were the only firearms stock on the market its made some money over the years its like bank stocks used to be steady and pretty safe