Reloadron
Contributing Member
Smith & Wesson (SWHC +2.96%) might have expected investors to be pleased with its strong earnings report last week, which showed the famed U.S. gunmaker beating analysts' expectations for its first quarter of fiscal 2014.
But its weaker-than-expected forecast and news that the nation's recent gun-buying frenzy appears to be over took their toll on the company's share price Friday, knocking it down more than 10% to $10.31.
The above quote taken in part from here.
While it has regained some of that 10% today (up about 3%) overall gun sales seem to be slowing, that includes Ruger traded under RGR. During Clinton's now defunct AWB with the additional emphasis on handguns (magazine capacities) we saw the same thing happen. Now slowly it seems gun sales in general are slowing. It should be interesting to see how this effects overall production and production goals.
Ron