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Sarah Palin is the reason compasses point North.

calendar   Friday - July 31, 2015

Obama, Still The Greatest

Yeah, he built that

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NICS checks - and gun sales with them, it is always assumed - continue in 2015 on par with their record shattering levels of 2014 and 2013, which blew away the amazing rates of 2012, which shattered the record number of hits in 2011 ... and so on, and so on. Gun sales have been on an ever increasing incline since November 2008, taking ammunition and accessory sales along with them.

NICS checks under the 6.5 years of Obama are almost double what they were in the 6.5 years before his rule. 120,071,818 vs 65,446,756. If each of those background checks was a single gun purchase at a licensed dealer, and if there were no person to person sales at all (which avoid the NICS check), then in a period of just 17 years we’d be looking at 213 million purchases, which is more than 2/3 the population of our country.

Let’s face it, everybody owns a gun. More than likely, everybody owns several guns. And that, pussy Europe, is how it ought to be.

Thanks Barry! Obama, the greatest gun salesman ever!



PS - our two (2) available gun stocks are booming. Smith & Wesson, which pays no dividend, is up more than 50% so far this year. Sturm, Ruger, & Company is up 73% this year, and is paying 2.2%. Both are running at maximum capacity, but the firearms supply pipeline is reasonably full from all the other companies and importers, which leads to market slack, which could cause some individual company sales whiplashing. No system is perfect, but S&W is crowing about another half billion sales year. Ruger isn’t making much noise, and is right behind them.

Smith & Wesson (SWHC) shares soared 13% Wednesday as the company announced that firearm orders are picking up again. Sales in recent weeks have been better than expected.  The company now forecasts sales of between $175 million to $179 million for the quarter. That’s up 8% from its projection just six weeks ago and will help boost the company’s earnings as well.

Investors are sensing potential in the gun market again. The company’s stock is now up a whopping 50% since the start of 2015.

Smith & Wesson gun sales hit a record of $626.6 million last year. The company won’t be anywhere near that for this fiscal year, which runs through the end of April, but the pick up in orders recently may signal a turning point. Its latest projection is for full-year sales of between $546 million and $550 million—about on track with 2013 numbers.  Investors appear to be reading today’s update from Smith & Wesson as a sign of the market overall getting back on track.

Sturm, Ruger & Co. (RGR), the other publicly traded U.S. firearm manufacturer, also saw its shares jump almost 10% in early trading. Its stock has also jumped phenomenally since the start of the year.

Ruger may have hit a minor speed bump, with sales trending slightly downward in the past quarter, but they remain bloated with cash. Faced with this news this week, the market did a fast sell-off before realizing what a well run company looks like, at which point the dip was over and the share price was back where it belonged.

In the second quarter of 2015, the estimated sell-through of the Company’s products from the independent distributors to retailers decreased 22% from the first quarter of 2015. The National Instant Criminal Background Check System background checks (as adjusted by the National Shooting Sports Foundation) decreased 21% during the same period.

Inventory of the Company’s products at the independent distributors increased by 63,500 units during the second quarter of 2015 and the Company’s finished goods inventory increased by 44,100 units during the same period.

Cash generated from operations during the six months ended June 27, 2015 was $80.9 million. At June 27, 2015, our cash totaled $61.1 million. Our current ratio is 2.2 to 1 and we have no debt.

In the first half of 2015, capital expenditures totaled $16.3 million, much of it related to tooling and equipment for new products. We expect our 2015 capital expenditures to total approximately $30 million.

In the first half of 2015, the Company returned $12.0 million to its shareholders through:

the payment of $9.2 million of dividends, and
the repurchase of 82,100 shares of our common stock in the open market at an average price of $34.57 per share, for a total of $2.8 million.

At June 27, 2015, stockholders’ equity was $208.0 million, which equates to a book value of $11.12 per share, of which $3.27 per share is cash.

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Poor Ruger. In 6 months, they’ve reduced inventory overhead, overshadowed modernization costs with enhanced depreciation, and fattened up the assets by $40 million, almost all of which is cash. They’ve also increased paychecks and benefits by about 40%. And they have no debt. None. Not bad for a $550 million company.



Thanks Barry!


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Posted by Drew458   United States  on 07/31/2015 at 01:38 AM   
Filed Under: • Miscellaneous •  
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