Posted on 11/08/2012 6:02:58 AM PST by KeyLargo
Why Smith & Wesson's Shares Took Off
By Alex Planes, The Motley Fool
Posted 6:22PM 11/07/12 Posted under: Investing
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Smith & Wesson (NAS: SWHC) were up 10% today after President Obama's re-election, because everyone now expects gun buyers to buy even more guns over the next four years than they did in his first four years.
So what: Despite occasional worries that President Obama will be coming after everyone's lawfully purchased guns, no such control measures have been put in place. That hasn't stopped record interest from gun buyers, which has pushed both Smith & Wesson and compatriot Sturm, Ruger (NYS: RGR) to incredible stock-price growth that's been fully supported by financial fundamentals. After the pop, Smith & Wesson's P/E is still only 21.2, and Sturm, Ruger's is even more reasonable at 15.3. Extrapolating from the first four years offers investors a reasonable glimpse into the next two, which are likely to see the same ginned-up hysteria from the gun lobby and no real action from the White House.
Smith & Wesson Holding Corp. (SWHC) climbed the most in two months to lead a rally among firearms manufacturers as traders speculated that President Barack Obamas re-election will spur gun sales.
Shares of Smith & Wesson jumped 9.6 percent to $10.37 at the close in New York, the biggest gain since Sept. 7, while Sturm Ruger & Co. (RGR) rose 6.8 percent to $47.68. Both make handguns as well as rifles that include semiautomatic models.
Obama said last month he would consider reintroducing a ban on civilian purchases of military-style assault weapons.
(Excerpt) Read more at dailyfinance.com ...
Hey, Alex, you dummass.
We’re not so “worried” about 0bama coming for our guns as we are preparing for the “tie breaker”.
1st War of Independence, 1776, win
2nd War of Independence, 1861, loss
3rd War of Independence, 201?, ?
Examiner.com
Victorious Obama rockets back onto gun control radar with UN arms treaty
Barack Obama
November 7, 2012
By: David Codrea
Mere hours after declaring victory and his intent for reaching out and working with leaders of both parties to meet the challenges we can only solve together, President Barack Obama demonstrated some of that flexibility he predicted hed have after the election when his administration backed a U.N. committee’s call to renew debate over a draft international treaty to regulate the $60 billion global arms trade, Reuters reported today.
I can’t post a better written Bloomberg Business article to FR but here is the link:
Smith & Wesson, Gunmakers Rally After Obama Re-Elected
By Tim Catts - Nov 7, 2012 3:25 PM CT
http://www.bloomberg.com/news/2012-11-07/smith-wesson-gunmakers-rally-after-obama-re-elected.html
Larry Guns in North Alabama was standing room only yesterday, they had to put limits on the amount of ammo you could buy.
Semi-automatic weapons for sale are on display at Texas Gun, in San Antonio, Texas
Thank God for the small mercy of keeping the House.
Entertainment
Ted Nugent Attacks Obama Voters in Angry Twitter Rant: “Pimps” and “Whores”
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By Michael Allen, Wed, November 07, 2012
Donald Trump isn’t the only Republican who went on Twitter to berate last night’s election results [Trump later deleted part of his rant].
NRA board member and musician Ted Nugent went on an angry Twitter tirade, on Wednesday morning, against Obama voters calling them “pimps” and “whores.”
Nugent accused Obama voters of supporting a president who can destroy America” and falsely claimed that President Obama “demands the hardest workers porvide” for people who do not work.
Nugent tweeted in part:
Goodluk America u just voted for economic & spiritual suicide. Soulless fools.
Pimps whores & welfare brats & their soulless supporters hav a president to destroy America.
So Obama still demands the hardest workers provide for the nonwotkers. Shared opportunitiesmy *ss.
What subhuman varmint believes others must pay for their obesity booze cellphones birthcontrol abortions & lives.
“Thank God for the small mercy of keeping the House.”
You said it!
I am now a convert to the prepper mindset. I will be investing in firearms and learning how to use them. Same with food and basic survival tools. I see clear as day that a big crash is ineveitable.
Really? What's "false" about this assertion, Michael Allen?
Perhaps he hasn't blatantly stated it, but it is the inherent assumption and result of his stated and pursued policies.
Welcome to the jungle!
Otherwise, if you decide not to, then get plenty of this to prepare yourself:
Russia Says It Expects Obama To Be More Flexible On Missile Defense After His Re-Election
" I did over $100K yesterday - we did $6 million as a company - they ran out of UPS trucks..."
" I did over $100K yesterday - we did $6 million as a company - they ran out of UPS trucks..."
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