Drano Posted December 3, 2009 Report Share Posted December 3, 2009 I'm indebted to Drano for putting Smith & Wesson back on my radar. I played with this earlier this year but got stopped-out. I stopped watching after that. Over the past 3 days it's popped back above the moving averages on huge volume. It almost looks like a pump and dump, since this seems to happen every 3 months or so, only to drift lower. The reason I liked it in the first place was because their yoy sales have grown the past three quarters between 20-30%, and EPS has grown 75-225% per quarter. They are also in a hot industry (as anyone at GS would know). It's worth watching anyway. SWHC doesn't just make guns. They bought a company that makes protective barriers to put on streets in front of building entrances, etc. They have some fairly slick technology involved in what would seem to be a very straight-forward business. This genuinely should fuel their bottom line. Also, their new line of police-issue handguns is truly the state of the art and has some great safety features (for the person holding the gun, natch) Link to comment Share on other sites More sharing options...
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