Jumping The Gun On Smith & Wesson
Whether you are a gun enthusiast, or not, Smith & Wesson’s (SWHC) performance is surprising investors and analysts across the country. The maker of handguns and semi-automatic rifles, located in Springfield, Massachusetts, recently reported third quarter sales of $146 million, up 7%, and a 42% rise in earnings from the same quarter last year. Smith & Wesson has about 17% of the $2 billion U.S. handgun market and a 7% share of the $2.1 billion “long gun” market. And after this recent report some analysts are ready to recommend BUY SWHC, while others are remaining cautious and advise to SELL SWHC.