What a bunch of hooyie. Is that even a word? S&W management should read this forum and they would see what people are buying and why. Many people don't even consider buying a S&W except for a small revolver. And more would buy them if they didn't have the stupid lock.Lumberjack98 wrote:From The Shooting Wire Newsletter:
Shooting Business Attracts Attention
Forbes' analyst Carl Gutierrez said it all: "Smith & Wesson ate lead Friday."
In October, S&W stock (nasdaq:SWHC) dropped its 2008 forecasts, admitting to the equities markets that their gangbuster numbers for 2007 couldn't be maintained going into 2008. For that announcement, S&W stock took a pounding, dropping from its near-record high to a considerably more modest number. It has been trading in those more moderate ranges since then, dropping back to a level analysts told The Shooting Wire they felt could be "maintained, barring no more bad news."
--Jim Shepherd
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Return to “Ouch.... Smith and Wesson stocks take a 28% dive”
- Wed Jan 30, 2008 7:17 pm
- Forum: General Gun, Shooting & Equipment Discussion
- Topic: Ouch.... Smith and Wesson stocks take a 28% dive
- Replies: 20
- Views: 2522