Smith & Wesson Financial Report

Oh Dear...

I must, with great sadness, post this report. I am sure that in Washington D.C. certain circles are going to cry themselves to sleep.

Wall Street talking heads that predicted doom & gloom, while grinning at the thought that the great Obama Sale had run its course will likely be turning to strong drink and controlled substances.

Former NYC Mayor Mike Bloomberg will wonder why all the money he spent didn't seem to make a difference.

I hope the rest of you can hold up....

 

That'll keep SOMEONE awake...

 

Think I'll have another glass of single malt to celebrate, now that I can afford it. I have one brokerage account where I buy stock in companies I like doing business with. Bought Green Mountain Coffee before it took off; Costco made me money; Boeing, now that I live in Seattle has done well for me; and a few others.

I got hooked on S&W's....and bought some of their stock along with a whole bunch of their guns (and even a S&W pocket knife and cap) when it was just under $10.

Now if they can wend their way through the Pentagon procurement process and get the contact for the new pistol for the Army.....I'll be kicking myself I didn't buy more.

 

Say again?

Smith & Wesson today is American owned and operated.

 

Well I wish S&W would ramp up production and make my engraved mod 29. Been on order since last year.

 

Maybe the problem is that the engraver is backlogged. They're relatively few good ones, and they aren't suffering for lack of work.

 

Actually up until 2001 S&W was owned by Tomkins PLC out of the UK. It's now owned by Saf-t-Hammer corp which I believe is based in Arizona. Just to be accurate there is no "Smith and Wesson" company now. It's title is Smith and Wesson Holding Corporation.

 

New article....

A new(early 03/2015) media article(defense/firearms industry) says the DoD/DA told Beretta USA; thanks but no thanks . The writer also claims SIG Sauer has the inside track with the new MHS(XM9) trials with the polymer frame P320 pistol, .
He wrote because SIG has strong ties with the MK25 & M11 9mmNATO the military will fall all over themselves going after SIG, .

I say: there's a right way, a wrong way & the Army way .
This MHS system will go 8-16mo over and cost 3 times the budgeted cost.

Rusty S

 

Swhc $14.34.

 

Well I'm doing my part. Though I sold my only M&P (C.O.R.E.) I really do like their revolvers and have recently helped to blip their quarterly performance.
B

 

Obammy and other Demos

are two of the greatest thing that could ever happen to firearms and ammo manufacturers in the history of the world, second only to the WWII.

 

Horace Smith died in 1893 and Dan. B. Wesson died in 1906. The sun still rises and sets. Birds still sing.

Mike

PS. It looks like Saf-t-Hammer will be consolidating S&W and Thompson Contender into one division in the near future.

 

M&p core....

I am thinking of buying a new S&W CORE L-Pro .40S&W this year. I will add a 9x19mm to it then use it on armed security posts and some vehicle defense.
I plan to add a Trijicon RMR too to help my tired, middle aged eyes.

Rusty

 

I have a long standing desire for a 9 mm and a .22 long rifle revolver. Also long standing lack of money for such luxuries.