Anyone in the Market for a gun company?

[sheephunter]

Re: Smith & Wesson


From the AP: The weapons maker said it posted a loss of $76.2 million, or $1.62 a share, in the period ended Oct. 31, compared with net income of $2.9 million, or 7 cents a share, a year earlier. Firearms sales were up 2.6 percent to $67.5 million. The company said pistol sales rose 40 percent on continued consumer demand... But hunting rifle sales (mostly Thompson/Center, which S&W bought in Jan. 2007) fell 41 percent to $11.5 million from a year earlier.


"The burden that the hunting business places on the otherwise healthy majority of our business is a significant consideration as we plan for our future," Chief Executive Michael Golden said, according to Reuters.

 

[carbonrod]

I smell bail out.

Some how "bail out" is the phrase of the year, and "change" is the word of the year.

 

[martinbns]

They probably paid too much for TC and financed itwith debt they can no longer pay.

 

[Pblatzz]

From my understanding S&W cut costs and diversified business opportunities outside of firearms many years ago. They once had a line of Rifles made by Howa and now they get back into hunting rifles? Well in business they frequently go around the block a few times.

 

[mule]

I smell bail out.

Some how "bail out" is the phrase of the year, and "change" is the word of the year.

I don't think Obama would be interested. He seems to be an "anti", isn't he?

 

[sheephunter]

From my understanding S&W cut costs and diversified business opportunities outside of firearms many years ago. They once had a line of Rifles made by Howa and now they get back into hunting rifles? Well in business they frequently go around the block a few times.

Actually, S&W got back into the hunting rifle market last year with their own bolt action. It seemed strange timing with the T/C acquisition.

 

[RobSmith]

I wonder if this will make parts availability a problem for LEO's sidearms ?

 

[pharaoh2]

I'm in for a few hundred bucks. Let's all pool our money together and become shareholders. Paging Strangeday...

 

[SakoAlberta]

I'm in for a few hundred bucks. Let's all pool our money together and become shareholders. Paging Strangeday...

That's all you need-you don't need to pool money. SWHC is a publically traded co(as is Ruger) and its shares are just over $2 lately. So, for about $250 including commissions you could own a board lot(100 shares)

 

[pharaoh2]

Hmmmm....

 

[blargon]

Actually, S&W got back into the hunting rifle market last year with their own bolt action. It seemed strange timing with the T/C acquisition.

Excactly. They have their own rifle in the US. Not sure why they would spend $$ on TC, and a year later they're regretting it.

From most accounts the I-Bolt is as good as an Icon...

EDIT: Never mind. They have recalled every I-bolt rifle they have made...

http://www.smith-wesson.com/webapp/...catalogId=10001&content=59303&sectionId=10506

 

[sheephunter]

From most accounts the I-Bolt is as good as an Icon...

EDIT: Never mind. They have recalled every I-bolt rifle they have made...

LOL...glad you made the edit......from a guy that's handled both, the I-Bolt isn't anywhere close to the Icon.......

 

[blargon]

LOL...glad you made the edit......from a guy that's handled both, the I-Bolt isn't anywhere close to the Icon.......

Yeah, but it would have been cheaper to refine the I-bolt, rather than buy a whole company...

 

[sheephunter]

If refining means totally redesigning, then ya I hear ya.

Seriously though, the Icon is but a small part of T/C's sales.

 

[Leeper]

T/C made their mark with a nifty line of muzzle loaders and a pretty neat pistol in the Contender. They never have made a centerfire rifle which was worth a damn and continue that tradition. Regards, Bill

 

[sheephunter]

T/C made their mark with a nifty line of muzzle loaders and a pretty neat pistol in the Contender. They never have made a centerfire rifle which was worth a damn and continue that tradition. Regards, Bill

LOL....ya, the Contender and Encore rifles never had any following....lmao You might be surprised what percentage of their sales the Encore has been responsible for over the years. The Icon, while a very nice bolt action, seemed a strange addition to the T/C line up, one that was dominated by single-shot rifles. The same can be said for the R55. They have always made very high-quality rifles and continue to do so but there seems to be a number of issues that have drug sales down but quality is definitely not one of them.