A Positive Consequence of the Obama Effect: Moments Ago, America's Legendary Gun Maker Smith & Wesson Reported Q1 Earnings Which, Not Surprisingly, Beat Estimate on the Top and Bottom Line, Reporting EPS of $0.62, Far Above the $0.53 Expected, and 93% Higher Compared to a Year Earlier, on Revenue...
By Reader-Researcher RC
"Smith & Wesson Forecasts Record Quarterly Revenue as Earnings Soar 93%
"SWHC just guided to what would be a new all time high in revenue, predicting a sasles [sic] range of $220-$230 for the coming quarter, whose midpoint would make it the highest revenue quarter in company history."
At Zero Hedge.
Roots of gun ownership(or one explanation of why profits are doing so well).
ReplyDeleteSmith & Wesson manufactures gun>Gun bought at retail store by citizen>Gun stolen by black thug from gun owner>black thug arrested for shooting with stolen gun>Gun recovered.>Gun owner buys new gun to replace stolen gun>new gun stolen by black thug>Old gun returned to gun owner>black thug steals old gun from gun owner>With two guns,black thug gives one to his fellow gang member>both thugs shoot people,guns discarded>Smith and Wesson manufactures gun>gun bought at retail store by citizen,looking to own a gun after 2 guns were stolen>new gun stolen by black thug....And the beat goes on.
--GR Anonymous