IS SMITH & WESSON HOLDING A BUY?

This week marks the one year anniversary of the school massacre in Newtown, Conn. Smith & Wesson Holding Corp. will garner some news this week as they release their 2nd quarter earnings. The shooting has done nothing but increase America’s number one gun maker, up 58% since the horrific crime in Connecticut. According to the Wall Street Journal, Smith & Wesson had earned more in the fiscal year through April 2013 then it had in the previous 4 years. People are buying more guns because government speculation of tougher gun laws, making them harder to own. Earnings per share for the largest gun maker sit at between 20 and 22 cents, down from the 29 cent consensus projection earlier this year. The company still remains a very viable asset, most investors including Marketwatch.com view $SWHC as a buy and see it jumping another 8% in fiscal 2014. As of December 11th, $SWHC sits at $12.60 with a 52 week high of $13.38 and low of $7.67. Keep an eye out for gun crimes and regulation news as they both will predict the future prospects for this stock.

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