Perhaps it's time to "unload" your S&W

[jclalor 12]

It's looking more and more like the myth that Obama "is coming for your guns" has run it's course.


www.thestreet.com/story/12857729/1/smith-wesson-swhc-reports-first-quarter-earnings.html

[billvon 3,132]

>It's looking more and more like the myth that Obama "is coming for your guns" has run it's course.

But then those death panels that . . . wait, no . . . He's going to institute Sharia law! Didn't he . . . uh . . . Look! Over there! Benghazi!

[cvfd1399 0]

I guess you forgot about this ....
http://abcnews.go.com/Politics/obama-calls-for-renewal-of-assault-weapons-ban/blogEntry?id=17496680&ref=https%3A%2F%2Fwww.google.com%2F

[normiss 905]

It is sadly funny that's what people take away from this.
Not market or financial reasons, just political.
Even after reading? Just silly.

Maybe the PD gravy train has ended?

[jclalor 12]

cvfd1399

I guess you forgot about this ....
http://abcnews.go.com/Politics/obama-calls-for-renewal-of-assault-weapons-ban/blogEntry?id=17496680&ref=https%3A%2F%2Fwww.google.com%2F

In all honesty, I did forget, your link is 2 years old and shows that nothing has happened.

You could never go broke on overestimating the paranoia of folks by telling them the jack booted thugs are at your front door.

[kelpdiver 2]

jclalor

It's looking more and more like the myth that Obama "is coming for your guns" has run it's course.

www.thestreet.com/story/12857729/1/smith-wesson-swhc-reports-first-quarter-earnings.html

It's possible you're reading too much into this. Do you do a much technical analysis (aja, tea leaf reading) in the stock market? S&W has been a tainted brand since 2000's sellout to the Clinton Administration- I'm sure many never came back even after it was bought by gun people. I see a company that missed slightly on revenue targets and gave a conservative guidance figure, and the stock drop 12%. Happens all the time. If they beat that guidance, then it will spike.

In any event, these figures should point out the obvious - gun manufacturers are small potatoes. $600M in sales is a small cap (the lowest in the Fortune 500 does 5.5B in revenue). The power of the gun lobby comes from the people.