Posted on 01/05/2016 3:52:10 PM PST by jazusamo
Smith & Wesson shares have surged for the second day Tuesday, driven higher by new gun control measures announced by President Obama.
Shares of Smith & Wesson Holding Corp., the world's largest gunmaker, rose 12 percent Tuesday, following a nearly 6 percent gain on Monday, after news of Obama's plans to tighten U.S. gun laws was reported last week.
On Monday evening, management announced that it was raising its guidance because sales had been unexpectedly strong, Business Insider reported.
For the three months ending Jan. 31, Smith & Wesson estimates that it will have $175 million to $180 million in sales, up from its earlier guidance of $150 million to $155 million.
Earnings per share is estimated to come in at $0.39 to $0.41, far exceeding the previous estimate of $0.27 to $0.29, Business Insider reported.
(Excerpt) Read more at washingtontimes.com ...
Didn’t this jackass pull the same stunt last year with a phony EO, which he never signed?
He had some TV time over the whole thing, which turned out to be a slight of hand and saccahrin for his believers.
I heard today that Smith and Wessonsstock has gone. Up over 900% as he has been in orfice
I don’t take this jerkoff seriously anymore...
Besides being a moron he is breaking our constitutional laws by going against the second amendment.
SWHC was up more than 5% yesterday when the market was crashing. Today the stock is up more than 11%. So glad I bought it last week knowing the effect Obama’s announcement would have on sales.
Just when I started seeing bulk packs of 22 at wally world.
I like you! I try not to get as upset anymore. What’s the point? the main thing is we have to vote for cruz or trump in the generals. I know some are not in love with one or the other but either one would be a huge improvement over that witch.
I believe he did, it sounds familiar.
Good for you! Always happy to see conservatives profit due to the a$$hat in the WH.
Now is a fine time to buy my Tavor.
I hold their stock and just bought 3 more new S&W revolvers.
I hope BamBam keeps talking gun control. My Smith and Wesson stock that I paid one dollar for (one thousand shares) is now worth twentyfive thousand eight hundred sixty dollars. Now if my other investments did as well......................
let me clarify: each share one dollar, total shares 1000... It’s that common core math, you know.
Our household just celebrated the new year with a new S&W 9mm. Haven’t even been able to shoot it yet!
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