That's a good thing.
My opinion (which is worth exactly what I'm charging you for it) is it is closely related to the election.
That's all I'll say so I don't get hollered at by the Big Ape.
Jim
I wrote a comparative financial analysis a year or so ago on S&W and Sturm Ruger. Both companies has growth cycles that spiked during election seasons and this was specifically mentioned in their annual 10K report. I would wager that S&W is experiencing strong growth with their M&P black rifles right now and this could gain momentum as the political climate gets more uncertain.
Two years ago was the time to buy when SWHC was $2.50 and Ruger was $10. I could not understand why stock values were so low, product demand and production so high. Six months ago, I sold both stocks. The profits took me to Canada on a fishing trip in June, we'll go to Las Vegas in October for Mrs Engineer's training seminar, and Key West in December for our anniversary.
This retirement thing is working ok!
I'm not filled with brilliant "stock buying insight". At the same time I bought National Bank of Greece shares for $1,621.00, received one dividend for $155, current market value is $268.00 . I'm in for the long haul on this one. When market value gets to $1635, if it ever does, I'm selling immediately.
Well I guess all hopes for them being pressured to remove the I/L are gone.
Glad to see they are at least doing well. I hope they use the profits wisely and plan ahead for future growth.
) is it is closely related to the election.
