Just hit $5.70 a share...remember the
$1.55-1.70 late last year.
Should have bought more....hindsight is 20/20
$1.55-1.70 late last year.
Should have bought more....hindsight is 20/20
SWHC.........go baby go.........
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Just hit $5.70 a share...remember the
$1.55-1.70 late last year.
Should have bought more....hindsight is 20/20
$1.55-1.70 late last year.
Should have bought more....hindsight is 20/20
Hermann
Member
+ 1 !!!
460v LAC du FLAMBEAU
Member
I bought back into S&W at $1.95 in November after all of the mutual funds were dumping the stock for the mutual funds year-end closings...the lowest price was $1.53 on 10/20/08.
Based on current price of $5.70, stock has increased +146% since January 2nd. Ruger (RGR) stock is about +115% since January.
I listened to the 3rd quarter S&W executive conference call with stock analyst on March 12th.
S&W "current" backorders are $123 million up from $22 million since the elections in November. S&W is at FULL CAPACITY PRODUCTION for the balance of the year. They are using their Thompson Center facility for all M&P15 barrels which are hot! Overall sales increased 27% for the quarter. Revolver sales for the quarter were +45% which normally experience nominal increases...CCW revolvers went through the roof. M&P pistols were +77% and M&P15 were +111%. On hand cash is $21 million and balance sheet is much stronger after reducing debt. Hunting rifles remain soft.
Probably the most bullish comments made were on their new "22" version of the M&P15 as well as the new "auto" M&P M4 (for police & military) both coming out later this year...these were major hits at the SHOT show. All new products at the January SHOT show are not reflected in the $123 million of back orders because they are just receiving the initial orders! Gun distributors & dealers are flushed with cash so account receivables look good!
Based on current price of $5.70, stock has increased +146% since January 2nd. Ruger (RGR) stock is about +115% since January.
I listened to the 3rd quarter S&W executive conference call with stock analyst on March 12th.
S&W "current" backorders are $123 million up from $22 million since the elections in November. S&W is at FULL CAPACITY PRODUCTION for the balance of the year. They are using their Thompson Center facility for all M&P15 barrels which are hot! Overall sales increased 27% for the quarter. Revolver sales for the quarter were +45% which normally experience nominal increases...CCW revolvers went through the roof. M&P pistols were +77% and M&P15 were +111%. On hand cash is $21 million and balance sheet is much stronger after reducing debt. Hunting rifles remain soft.
Probably the most bullish comments made were on their new "22" version of the M&P15 as well as the new "auto" M&P M4 (for police & military) both coming out later this year...these were major hits at the SHOT show. All new products at the January SHOT show are not reflected in the $123 million of back orders because they are just receiving the initial orders! Gun distributors & dealers are flushed with cash so account receivables look good!
+1. My last addition to the stock was at $2.30. If it gets to $10.00, it's sold.
460v LAC du FLAMBEAU
Member
S&W broke through $6.00 this morning...March 23.
Ruger hits new 52-week high at $11.33.
Over the weekend, there were quite a few positive articles on these 2 publicly-held gun makers in "full capacity production" mode!
Ruger hits new 52-week high at $11.33.
Over the weekend, there were quite a few positive articles on these 2 publicly-held gun makers in "full capacity production" mode!
460v LAC du FLAMBEAU
Member
Steve...here's your answer:
These 2 stocks generally move after 2:00 pm when the "mutual fund buyers" step into the market. Ruger busted through $12.00 and S&W is at $6.23 this morning.
These 2 stocks generally move after 2:00 pm when the "mutual fund buyers" step into the market. Ruger busted through $12.00 and S&W is at $6.23 this morning.
460v LAC du FLAMBEAU
Member
Ruger hits $13.06 this morning +141% since January 2nd.
S&W hits $6.64 +186% since January 2nd...+328% since October 20, 2008.
S&W hits $6.64 +186% since January 2nd...+328% since October 20, 2008.
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