Smith and Wesson.... Stocks ? ($$$)

d2admin

Administrator
Aftet the Shot Show, the NEW S&W (Now American ownership) has gone through some fluctuations, down a little the last couple of days with the Market, but climbing not too bad since December(its a low price stock)....

http://finance.yahoo.com/q?s=SMWS.OB&d=t

Ive heard a little bit from insiders that there is some REAL excitement about the company...

Any of you guys know for sure, or have even heard what they have "coming up" .... thats driving this bit of speculation... ?

Robb
 
Reprinted without permission from North American Hunting Club:

Smith & Wesson Back To Old Self

When Saf-T-Hammer purchased Smith & Wesson (S&W) in May 2001, from the British conglomerate Tomkins PLC for $15 million, it was beset by slumping sales, a negative image with firearms dealers and consumers and a regulatory environment pushing for major safety constraints.

The shareholders of Saf-T-Hammer recently voted to change the company’s name to Smith & Wesson Holding Corp., capitalizing on the venerable 150-year-old S&W name.

It was a name that some perceived as tarnished by the company’s willingness to capitulate to anti-gun sentiment in the face of lawsuits. But recently S&W President Bob Scott was nominated for the National Shooting Sports Foundation’s “Man of the Year” award. Scott also received a standing ovation during the National Rifle Association’s annual convention for bringing S&W back to American soil.

S&W has been experiencing a strong financial turn around lately, which has led equity research firm ManageSource to rate S&W’s stock a “strong buy.”

S&W Chairman and CEO Mitchell Saltz attributes the company’s turn around to both internal measures and external factors.

“Once we took over, we had to right-size the company,” he said, referring to the cutting of 43 administrative positions. “There was a decrease in sales, and they had never made the proper adjustments.”

But a bigger boon to business has been a decision by the Department of Housing and Urban Development to back off an agreement inked by the Clinton administration during March 2000, that required S&W to increase its gun-safety efforts. The deal was made in exchange for cooperation in dealing with pending lawsuits filed by cities and counties against gun makers such as S&W related to gun violence.

S&W was required to provide locking devices and to develop child-proof guns, as well as to more closely monitor dealers who sold its products.

“From a dealer standpoint, a lot of people were angry and dropped the S&W line,” said Scott Hanson, general manager of the Arizona Sportsman stores. “From a customer standpoint, it was vicious for a while. But that’s changed, and they’ve taken a different attitude with the new company; they’re back to the principle that no one can restrict what we do.”
 
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