Gunmaker Smith & Wesson (ticker SWHC) at all-time high with $25.86/share

Highlights:
Smith & Wesson’s news (unexpected high earnings) comes as US President Barack Obama finalizes executive actions to tighten US gun-control laws. Reports of these plans began coming out Thursday. (Business Insider)

The company raised its revenue and earnings guidance for the current quarter and fiscal year, based on strong sales at recent gun shows as well as an uptick in year-end FBI background checks, an indicator that potential customers are looking to obtain gun licenses. (Fortune)

Sales at distributors has been stronger than originally anticipated, resulting in reduced inventories, Smith & Wesson said in a statement on Monday after the market closed. (Bloomberg)

BB&T Capital upgraded Smith & Wesson Holding Corp
SWHC 11.08% from Hold to Buy. Smith & Wesson shares closed at $23.28 on Monday. (Benzinga)

Ratios (Reuters-see picture)

References
Business Insider (http://www.businessinsider.com/smith-and-wesson-raises-guid…?)

Fortune (http://fortune.com/2016/01/05/smith-wesson-stock/)

Bloomberg (http://www.bloomberg.com/…/smith-wesson-jumps-to-highest-si…)

Benzinga (http://www.benzinga.com/…/01/6111030/benzingas-top-upgrades…)

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Reuters

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Disclosure: I do not have shares in any of the companies mentioned in this article and don’t plan to initiate purchase within the next 24 hours. I would not receive any compensation for doing this article. I am not a professional financial analyst. This is just a hobby. Lastly, my work is not error-free, but I strive for it to be. Do not consider as a buy or sell advice. Invest at your own risk.

If you are interested in this similar approach to investing and would seek updates or share ideas, I wish to invite you to this Facebook group SEEKING VALUE (https://www.facebook.com/groups/SeekingValue/?ref=bookmarks)

Happy investing.

Mark Y.

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