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Smith and Wesson Holding Compay

Discussion in 'General Gun Discussions' started by Fish Miner, Jul 23, 2009.

  1. Fish Miner

    Fish Miner Well-Known Member

    Anybody here play the stock market? SWHC is on a tear the last couple months. good time to get in if you think SW is going to start re-capturing old police contracts and or military. Not discounting the amazing amount of sales since the election.

    Just a thought- compare to Ruger and it looks to be a bargain....
  2. maskedman504

    maskedman504 Well-Known Member

    I was thinking about picking some up in March when it was sub $4. Now that the Dow is trading above 9000, I think a sizeable sell off is imminent. I have been getting slaughtered shorting HOG for the past week.
  3. SaxonPig

    SaxonPig Well-Known Member

    I bought at $5.25 and at one point it was up to $21 but then it plunged to around $4. Today is at $6+ so performance overall has been lackluster.
  4. If it's been on a tear lately, then it's probably not a good time to buy; back before the tear began was; do you own stock? If so, I could see your incentive to try to pump it up here - sure hope that's not what you're doing.
  5. Fish Miner

    Fish Miner Well-Known Member

    I doubt my meager playing in the market is going to move the price- I have been investing since I was 10 with my Mom and the daily paper stock prices- I took a chance to get back into the market when it went to crap. There were/ are a lot of good undervalued stocks out there.

    I saw SWHC as a buy around 5 and hope it will trend up to the 12-15 range. Some people are more willing to get in at 7-8 and ride till 10 and take profits. I am a more long term value investor.

    Also I was just curious who here invested in the company not just the product, Ruger included...
  6. Matrix187

    Matrix187 Well-Known Member

    I probably won't buy any gun stocks any time soon due to the gun sales slowing down it seems lilke.
    Last edited by a moderator: Jul 23, 2009
  7. psyopspec

    psyopspec Well-Known Member

    I got in on a run a couple summers back with SWHC when the M&P was first released/started picking up police contracts. Let it ride for a couple months and got out around 18/share. Agree with Matrix - last summer would have been the time to buy stock in firearms companies if one wanted to ride the current wave.

    Pointing out the existence of a public traded company that deals in firearms is hardly going to pump it up. Particularly on a board where the cross section of gun owners who also day trade is probably relatively small.
  8. huntsman

    huntsman Well-Known Member

    I invest in guns not stock:) but I did hear they (S&W) just acquired a security company.
  9. Tim the student

    Tim the student Well-Known Member

    Even if it is, do you think there is any chance at all that he might possibly succeed?

    I share your view in that I hope it is not his intention. But even if it is, so? It will be sadly unsuccessful, and a waste of his time to attempt to do so.
  10. Fish Miner

    Fish Miner Well-Known Member

    OK let me clarify again- I am not Jim Cramer- I am not trying to drive the price up on this stock. I was just interested in seeing if gun owners and gun enthusiasts also took to supporting the company through stock purchases.

    I could have asked about any of the stokes in my portfolio but this is a gun forum and thus I only cared to see what the thoughts were here re: SWHC

    Earnings are next week for Ruger so stay tuned to see if the gun stocks keep the uptrend or trip and fall like so many other stocks....
  11. Tim the student

    Tim the student Well-Known Member

  12. Oro

    Oro Well-Known Member

    I think you've got your answer - the time to do it was last year. The sales boom is slowing so they are going to post some great numbers, but the caution that the future won't look so bright. The easy money is made. Now it's harder.
  13. Fish Miner

    Fish Miner Well-Known Member

    I think that the SWHC play for more police contracts in addition to the diversification of their own portfolio makes a case to see if it gets back to near its high's. No doubt sales are slowing, but don't see slowing sales as the real measuring stick....

    I look at an almost 98% market share in the past for law enforcement as their driver to displace the non-American semi-auto market that cut them out years ago. I think a trend towards buying American will continue. Does anyone think that LEO's will only use Glock forever?
  14. Hk91-762mm

    Hk91-762mm Well-Known Member

    My wife is in on a class action lawsuit against them--she bought stock at 21$ and due to
    xecs at sw fudging the no# stock fell to about a buck! I wanted to buy again last fall when it was 2$ But she said No way . Now its at 6$ ???? and the market is comming off the panic buying deal. I think it will go down from here.
  15. 2RCO

    2RCO Well-Known Member

    I took some profit on my RGR at $11 and should have held it. As far as S&W goes the company has chronic mismanagement which is something I attempt to steer clear of. Ruger although at a higher per share price is more of a value in my opinion and has more long term promise. I think any recent gains made by S&W are more do to the political climate than good business decisions. Gun buying will not sustain at the level it has been over the last 8-10 months and both these companies will see a decrease in earnings.

    RGR also has some more exciting products than S&W in the LCP, LCR and SR556 not to mention S&W is into all kinds of other losing ventures that aren't gun related. I reall would assume by mid FY10 both companies will be weak performers.

    If you really want to make money longterm look at some of the depressed Bank Stocks and diversify among them within 5 years you'll have some 10 baggers and the winners will far outweigh the losers. Just my $.02.

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