You’ve got to be kidding me!? RGR didn’t just demolish earnings estimates. They vaporized them. They crushed all the analysts so badly, I don’t think the analysts have managed to figure out by how much yet. Was it 50%, or a whopping 77%?
So the stock is down a percent??
Look, do not lull yourself into thinking the earnings game is over for RGR. I flip on my television and see a multi-million dollar marketing campaign equivalent for RGR on C-SPAN this morning, as Feinstein and a half dozen brain dead Senators let a man so inundated by grief he can hardly stand steer their response to weapons in the USA.
These gun control measures are dead on arrival. They will not impact RGR or SWHC in the slightest. They are, however, FREE ADVERTISEMENT and the single greatest argument for a gun purchase the gun manufacturers could ever hope to make.
“Wait, assault weapons will be banished, but if you have one already it doesn’t count? So buy one now.”
Why does RGR even have a marketing division? I’d zero budget them immediately, on the grounds that their job is being done for them, at no cost to the company – the US Senate is that kind
The market is resting from yesterdays’ mighty run. We are not reversing lower, as far as I can tell. EU yields with respect to the problem children continue to subside.
South American countries are feeling the heat this morning, as their debt gets the Argentina treatment. But their economies are too small to matter. And, really, that’s what you deserve for investing in South America.