iBankCoin
Joined Nov 11, 2007
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Gun Makers Tank Despite Great Earnings and Guidance

 

“Is the post-election rally in gun stocks over? Smith & Wesson (SWHC) reported pretty solid earnings after the closing bell Thursday. It also announced a share buyback program and raised its guidance.

But shares of Smith & Wesson fell 6% Friday morning on heavy volume. Rival Sturm, Ruger(RGR) dropped about 3% as well…”

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