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(Zero Hedge)   Consumer confidence meets doomsday prep: Smith & Wesson sales up 48%   (zerohedge.com) divider line 70
    More: Interesting, Smith & Wesson, net sales, equity indexes, big and small, GAAP, Bob Costas  
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717 clicks; posted to Business » on 07 Dec 2012 at 12:34 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-12-07 09:21:16 AM  
My buddy swears this happened promptly after the 2008 election, but we live in Florida, and the Farkness is strong with us. This reprise presents no surprises.
 
2012-12-07 09:40:49 AM  
S&W is lucky they're even still in business. Their capitulation to the Clinton administration's threats almost destroyed them.
 
2012-12-07 12:07:09 PM  

ArkAngel: S&W is lucky they're even still in business. Their capitulation to the Clinton administration's threats almost destroyed them.


You mean their customer's reaction to it almost destroyed them. God forbid that a pistol comes equipped with a trigger lock. Such an outrage!
 
2012-12-07 12:28:59 PM  

Marcus Aurelius: You mean their customer's reaction to it almost destroyed them. God forbid that a pistol comes equipped with a trigger lock. Such an outrage!


It's a pain in the arse trigger lock. I can work it just fine but I have large hands.
 
2012-12-07 12:36:33 PM  

Marcus Aurelius: You mean their customer's reaction to it almost destroyed them. God forbid that a pistol comes equipped with a trigger lock. Such an outrage!


I have family members that are still angry about that.
 
2012-12-07 12:39:37 PM  

IrateShadow: Marcus Aurelius: You mean their customer's reaction to it almost destroyed them. God forbid that a pistol comes equipped with a trigger lock. Such an outrage!

I have family members that are still angry about that.


That's funny, because I recently purchased a S&W revolver and the first thing I thought of was "crap, now I have to find a trigger lock for it".
 
2012-12-07 12:46:29 PM  
Got to get in before the Gay Muslim Kenyan Maoist Sharia Reptilian Tardis-possessing Osama-loving Fascist takes away our guns.
 
2012-12-07 12:49:41 PM  

corq: My buddy swears this happened promptly after the 2008 election, but we live in Florida, and the Farkness is strong with us. This reprise presents no surprises.


Dec of 2007 SWHC stock was at $7 a share and now over $10, not a bad return. Sturm Ruger was at $8 and now is at $51 I bought into RGR at $22 and am quite happy about it whatever the reason.
 
2012-12-07 12:51:51 PM  

IrateShadow: Marcus Aurelius: You mean their customer's reaction to it almost destroyed them. God forbid that a pistol comes equipped with a trigger lock. Such an outrage!

I have family members that are still angry about that.


Does your family breathe through its mouth?
 
2012-12-07 12:54:25 PM  
Well crap. The wife wanted to get into shooting this next year, so we were going to get her a little S&W .38 revolver. Panicked idiots are driving prices up.
 
2012-12-07 12:58:50 PM  
 
2012-12-07 01:03:17 PM  
It's a consumption disorder, like women who have closets full of shoes they bought to make themselves feel better when something they didn't like happened.
 
2012-12-07 01:08:26 PM  
Lovely. By flooding neighborhoods with guns, more of them will be in the hands of criminals who know to break into houses during the day when everyone is out.

I consider that, and the Republican love affair with defense contracts, as the GOP's form of population control.
 
2012-12-07 01:12:47 PM  
Target shooting is actually becoming pretty popular at many of the clubs here in the city... Many in this thread attribute the spike in sales to hillbillies but we have had a couple upscale gun clubs open here recently and they seem to be doing very well.

/continue the regularly scheduled derp I guess
 
2012-12-07 01:13:31 PM  

jso2897: It's a consumption disorder, like women who have closets full of shoes they bought to make themselves feel better when something they didn't like happened.


I suspect you are far more accurate than the crowd who thinks it is because "Obama wants to take my guns away". Considering Obama's administration has done more for gun rights than the previous 3 administrations and quite possibly further back. (Didn't really pay attention to politics much before Bush 1)
 
2012-12-07 01:22:33 PM  
As long as white 'merikuns are born with small penises there will ALWAYS be a need for pistols.
i1151.photobucket.com
 
2012-12-07 01:44:24 PM  
I aint be gotten no weapon.
 
2012-12-07 01:54:16 PM  

Kuroshin: Well crap. The wife wanted to get into shooting this next year, so we were going to get her a little S&W .38 revolver. Panicked idiots are driving prices up.


Go used. They're cheaper and often much more attractive and better made, especially in the world of .38spl.
 
2012-12-07 01:54:23 PM  

xtragrind: Target shooting is actually becoming pretty popular at many of the clubs here in the city... Many in this thread attribute the spike in sales to hillbillies but we have had a couple upscale gun clubs open here recently and they seem to be doing very well.

/continue the regularly scheduled derp I guess


I keep hearing about these upscale ranges and from what I can tell they're upscale like Target. It all depends on what's being compared to.
 
2012-12-07 01:59:23 PM  

AliceBToklasLives: Got to get in before the Gay Muslim Kenyan Maoist Sharia Reptilian Tardis-possessing Osama-loving Fascist takes away our guns.


Oh, yeah. This guy.
 
2012-12-07 01:59:58 PM  
Stock is down 6% today. I think the Obama gun hype may have been over-sold.
 
2012-12-07 02:01:56 PM  

monoski: Stock is down 6% today. I think the Obama gun hype may have been over-sold.


The stock should have been pricing this in from about September (when Romney's bounce slowed after the 47% comment was leaked) or election day. Sales/earnings today would have to be better than expectations from then to continue to move the stock higher.
 
2012-12-07 02:08:45 PM  

Chakro: corq: My buddy swears this happened promptly after the 2008 election, but we live in Florida, and the Farkness is strong with us. This reprise presents no surprises.

Dec of 2007 SWHC stock was at $7 a share and now over $10, not a bad return. Sturm Ruger was at $8 and now is at $51 I bought into RGR at $22 and am quite happy about it whatever the reason.


Dude, sell now. You're up a 250% gain in six months from a non-growth stock. Whatever efficiencies and debt that have been wrung out of the company are over. Get out.
 
2012-12-07 02:09:27 PM  

Rapmaster2000: Chakro: corq: My buddy swears this happened promptly after the 2008 election, but we live in Florida, and the Farkness is strong with us. This reprise presents no surprises.

Dec of 2007 SWHC stock was at $7 a share and now over $10, not a bad return. Sturm Ruger was at $8 and now is at $51 I bought into RGR at $22 and am quite happy about it whatever the reason.

Dude, sell now. You're up a 250% gain in six months from a non-growth stock. Whatever efficiencies and debt that have been wrung out of the company are over. Get out.


Sorry, a year and six months.
 
2012-12-07 02:19:55 PM  

Rapmaster2000: I keep hearing about these upscale ranges and from what I can tell they're upscale like Target.


Go the the new Clark Count (NV) range sometime. Very Nice!

Yeah, you will still see the dumbasses there as it is a public range. The range itself is top-notch, though.
 
2012-12-07 02:28:08 PM  

HeadLever: Rapmaster2000: I keep hearing about these upscale ranges and from what I can tell they're upscale like Target.

Go the the new Clark Count (NV) range sometime. Very Nice!

Yeah, you will still see the dumbasses there as it is a public range. The range itself is top-notch, though.


I suppose it's better than when I used to go to Willow Slough 15 years ago (which has tables now.... fancy).

photos.lasvegassun.com

But I'm not sure I'd call the presence of chairs and tables "upscale". When I read upscale I think Ritz Carlton, not Comfort Inn.  Again, it's all in what's being compared.
 
2012-12-07 02:38:37 PM  
I keep waiting for the stupid demand to slack off. I've been wanting to buy an M&P .40 for about 4 years now but I want the price to drop.
 
2012-12-07 02:42:18 PM  

Rapmaster2000


But I'm not sure I'd call the presence of chairs and tables "upscale". When I read upscale I think Ritz Carlton, not Comfort Inn.


It's tough to make an outdoor range posh. Indoor ranges, OTOH, can be made rather nice with sound deadening, climate control, ventilation, target-hanger-mover-dealies, food options, pro shops, etc.
 
2012-12-07 02:47:32 PM  

Rapmaster2000: suppose it's better than when I used to go to Willow Slough 15 years ago


I would think so
 
2012-12-07 02:57:26 PM  

Englebert Slaptyback: Rapmaster2000

But I'm not sure I'd call the presence of chairs and tables "upscale". When I read upscale I think Ritz Carlton, not Comfort Inn.


It's tough to make an outdoor range posh. Indoor ranges, OTOH, can be made rather nice with sound deadening, climate control, ventilation, target-hanger-mover-dealies, food options, pro shops, etc.


There's one they're building in suburban Atlanta complete with wine bar. I probably won't go. I'm only shooting once a year now with my dad on the farm at Christmas. My wife really enjoys it since it's something she's never gotten to do before moving to the US.
 
2012-12-07 02:58:58 PM  
Austerity measures will eventually be required in order to keep our American economy functioning. At that time, certain elements in the multicultural cooking pot will begin the requisite rioting, in protest of the austerity measures. If the craziness gets bad enough, widespread attempts will be made to hurt many innocent persons. Messrs. Smith & Wesson & Colt & Glock & Jiminez will be present to keep the peace and to prevent assaults and batteries and great harms and homicides that might otherwise be perpetrated during the riots and lawlessness to come. Instead of all those greatly evil acts, tea and crumpets and good food and general civility and good manners shall salvage those forthcoming days, and all shall be astonishingly good and peaceful in the Great American Hills and Valleys outside of the urban contagion zones.
 
2012-12-07 03:00:08 PM  
"Pardon me, but this wine glass a little lead on it..."
 
2012-12-07 03:04:51 PM  

Kazrath: jso2897: It's a consumption disorder, like women who have closets full of shoes they bought to make themselves feel better when something they didn't like happened.

I suspect you are far more accurate than the crowd who thinks it is because "Obama wants to take my guns away". Considering Obama's administration has done more for gun rights than the previous 3 administrations and quite possibly further back. (Didn't really pay attention to politics much before Bush 1)


Reagan signed the Firearm Owners' Protection Act in 1986. It gave safe passage through non-gun friendly states provided you don't stop. For example, if you drive from NH to SC (both gun friendly states) you have to go though NY. As long as you didn't stop for longer than it would take to fill up a gas tank or get food from a drive though, NY cops couldn't arrest you for possession of a firearm illegal under NY law.

Unfortunately, that same law prohibited the sale or manufacture of machine guns to civilians, although MGs already registered under the national Firearms Act were grandfathered in.
 
2012-12-07 03:12:22 PM  

Easy Reader: Kuroshin: Well crap. The wife wanted to get into shooting this next year, so we were going to get her a little S&W .38 revolver. Panicked idiots are driving prices up.

Go used. They're cheaper and often much more attractive and better made, especially in the world of .38spl.


That's the plan, but even older pieces are overpriced right now. Those stupid "FW: FW: FW:" emails show the Derp Brigade all in a tizzy over 0bammy coming to take their guns. It's all over right-winger Facebook land as well.
 
2012-12-07 03:20:37 PM  

Rapmaster2000: Chakro: corq: My buddy swears this happened promptly after the 2008 election, but we live in Florida, and the Farkness is strong with us. This reprise presents no surprises.

Dec of 2007 SWHC stock was at $7 a share and now over $10, not a bad return. Sturm Ruger was at $8 and now is at $51 I bought into RGR at $22 and am quite happy about it whatever the reason.

Dude, sell now. You're up a 250% gain in six months from a non-growth stock. Whatever efficiencies and debt that have been wrung out of the company are over. Get out.


What I suggest is to sell just enough to get your investment back and pay the taxes on the profit then let the rest ride.
You can't lose!
 
2012-12-07 03:23:28 PM  

Rapmaster2000: Rapmaster2000: Chakro: corq: My buddy swears this happened promptly after the 2008 election, but we live in Florida, and the Farkness is strong with us. This reprise presents no surprises.

Dec of 2007 SWHC stock was at $7 a share and now over $10, not a bad return. Sturm Ruger was at $8 and now is at $51 I bought into RGR at $22 and am quite happy about it whatever the reason.

Dude, sell now. You're up a 250% gain in six months from a non-growth stock. Whatever efficiencies and debt that have been wrung out of the company are over. Get out.

Sorry, a year and six months.


I already pulled out my initial investment, whatever it does now is all profit. It's like all the stock I own was free. I did the same thing when I bought Ford at 2.35. I still have 225 shares which cost me nothing because I sold enough of my initial stock to pay back my original investment. I know it isn't the way most people invest but it works pretty well for me.
 
2012-12-07 03:23:50 PM  

Kuroshin


Easy Reader: Kuroshin: Well crap. The wife wanted to get into shooting this next year, so we were going to get her a little S&W .38 revolver. Panicked idiots are driving prices up.

Go used. They're cheaper and often much more attractive and better made, especially in the world of .38spl.

That's the plan, but even older pieces are overpriced right now.


If you're looking for something just for the range, look at used single-action revolvers. They aren't as popular as double-action, probably because not many people will be tempted to carry one concealed.
 
2012-12-07 03:25:42 PM  

Rapmaster2000


There's one they're building in suburban Atlanta complete with wine bar. I probably won't go. I'm only shooting once a year now with my dad on the farm at Christmas. My wife really enjoys it since it's something she's never gotten to do before moving to the US.


Makes sense: the non-shooter has something to do while the shooter is shooting, and the shooter can be the non-shooter's designated driver.
 
2012-12-07 03:33:40 PM  
I've thought about buying a new firearm, but honestly, I don't use ether of the two I have currently.
 
2012-12-07 03:42:10 PM  

Contents Under Pressure: Lovely. By flooding neighborhoods with guns, more of them will be in the hands of criminals who know to break into houses during the day when everyone is out.



2/10
 
2012-12-07 04:42:45 PM  

Englebert Slaptyback: Rapmaster2000

There's one they're building in suburban Atlanta complete with wine bar. I probably won't go. I'm only shooting once a year now with my dad on the farm at Christmas. My wife really enjoys it since it's something she's never gotten to do before moving to the US.


Makes sense: the non-shooter has something to do while the shooter is shooting, and the shooter can be the non-shooter's designated driver.


Hmm. That's actually more well-thought out than I imagined. Nice business model.
 
2012-12-07 05:02:03 PM  
You only need so many guns. Purchases should be made to ensure availability of type due to legally mandated scarcity.

If society collapses, there will be a point where guns can be collected off the dead. Ammo is more important.
 
2012-12-07 06:46:12 PM  

corq: My buddy swears this happened promptly after the 2008 election, but we live in Florida, and the Farkness is strong with us.


I think that you misinterpret why we have a Florida tag here.
 
2012-12-07 07:00:51 PM  

oldfarthenry: As long as white 'merikuns are born with small penises there will ALWAYS be a need for pistols.
[i1151.photobucket.com image 160x89]


You sound like an expers. Sorry about your tenis.
 
2012-12-07 07:01:26 PM  

Phony_Soldier: oldfarthenry: As long as white 'merikuns are born with small penises there will ALWAYS be a need for pistols.
[i1151.photobucket.com image 160x89]

You sound like an experst. Sorry about your tenis.


/FTFM
 
2012-12-07 07:26:56 PM  

The_Sponge: Contents Under Pressure: Lovely. By flooding neighborhoods with guns, more of them will be in the hands of criminals who know to break into houses during the day when everyone is out.


2/10


He makes a point. Houses with signs that say "beware of owner". or "insured by smith and wesson" are going to be targeted by pro burglars who are looking for guns - the single most valuable thing you can steal and peddle on the black market.
A diamond ring? Your fence will give you 8% of it's retail value.
A handgun - especially a big one? - twice retail, easy.
Targeting gun owners for burglary is a no-brainer.
The idea that serious criminals are intimidated by the idea of an armed victim is absurd, and reflects a lack of understanding of the predatory mentality involved - a mentality that only sees opportunity, and ignores risk.
Criminals are people with huge mental blind-spots - but it is suicidal to believe that they are stupid, or cowardly.
 
2012-12-07 08:03:05 PM  

jso2897: It's a consumption disorder, like women who have closets full of shoes they bought to make themselves feel better when something they didn't like happened.


Probably everyone buying Smith and Wesson's are the ones driving "The Walking Dead" ratings through the roof.

Are cross bow sales up too?
 
2012-12-07 08:50:30 PM  
Farking mouth breathing genetic reject mongoloid practicers of ass-haberdashery. I hate that these people are screwing up the market for normal consumers with their panic buying. I can console myself knowing that in 1.5-4 years the used market will flood, but there's no telling how badly these inbred morons are going to Fark up their firearms in that time.
 
2012-12-07 09:48:37 PM  
Good for them

I've always been more of a ruger guy
 
2012-12-07 09:51:06 PM  

Mrbogey: You only need so many guns. Purchases should be made to ensure availability of type due to legally mandated scarcity.

If society collapses, there will be a point where guns can be collected off the dead. Ammo is more important.


I've been saying this for a looooong time, but most people are like "GUNS! We gotta buy more guns!"
 
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