Thursday, December 6, 2012

You Know I'm Not Big on the Stock Market, But...

if we had bought some stock in Ruger (RGR) and Smith and Wesson (SWHC) last year at this time,  we might have different opinions.

From Investors Business daily, at 6:48 PM Eastern tonight, SWHC announced quarterly results:
Smith & Wesson (SWHC), the gun maker, had 24-cent fiscal Q2 EPS, in line with views vs. a year ago's 4-cent loss. Sales climbed 48% to $136.6 mil, topping. Shares rose 2.7% to 11.14.
SWHC closed at $10.85 today, slightly below its high over the last year of $11.24

Sturm Ruger has also had a good year, fueled (of course) by the current trends driving gun sales to new records, and by the introduction of well-received new products, like the 10/22 Takedown.   RGR closed today at $53.44.  I can't find anything saying they've reported earnings for this quarter.   Just for grins, here's RGR for the last three full years:
Not too many bad periods in there, especially if you bought and held. 

I think I've said before that I don't believe in the old advice of buying the S&P 500 or a DJIA indexed fund any more, but there is money to be made in any sort of market if you pick well managed companies and understand them and their business well enough.


  1. "but there is money to be made in any sort of market if you pick well managed companies"

    The hard part of course is finding & implementing a method that takes the uncertainty out of guesswork.



    1. And that's why I'm just a random internet dude and not the next Warren Buffet.

      Or even Jimmy Buffet.

  2. It makes me wonder what those stocks will look like in a year, though, given what this administration has planned for gun owners.