It’s a wonderful time that we live in, regardless of the challenges posed by poorly constructed philosophies and destructive politics—it is truly a wonderful life. In spite of the terrorists that want to kill us in America because of our use of capitalism, or the domestic insurgents who want to blast the United States back into the Stone Age regarding religious and hierarchical structure—life is beautiful. It is Christmas time, time with family is wonderful, and we have guns—lots of guns—so all is well. I love guns, and so do many Americans. I also love my iPhone, so it gave me great pleasure to get a stock notification while I was having a nice lunch that Smith & Wesson stock was up, way up. Given the recent attempts by the left-leaning political class to propose stricter gun laws, the American public responded by purchasing large numbers of personal firearms. That of course drove up the stock offering from Smith & Wesson and Sturm Ruger—two of my favorite firearm manufacturers, both examples of great American companies—that can emphatically declare—Made in America. Here is the news that came over my stock app which made my lunch taste so much better.
Smith & Wesson Hits 8-Year High On Gun Control Push
BY JAMES DETAR, INVESTOR’S BUSINESS DAILY
12/07/2015 05:04 PM ET
Shares of Smith & Wesson (NASDAQ:SWHC) and Sturm Ruger (NYSE:RGR) gapped up sharply Monday amid new gun control calls by President Obama and the New York Times as well as a Supreme Court ruling.
Obama’s Oval Office address Sunday night and an unusual New York Times editorial came in the wake of the mass shootings in San Bernardino, Calif., on Dec. 2 in which 14 died and 21 were wounded. Shares of firearms makers often rise after mass shootings and other violent incidents, and fall during lull periods.
The Supreme Court on Monday declined to consider an appeal of a Chicago area law banning semiautomatic guns such as the AK-47 and Uzi, and high-capacity ammunition magazines.
Two justices, Clarence Thomas and Antonin Scalia, said in a statement that they would have allowed consideration of the case “because noncompliance with our Second Amendment precedents warrants this court’s attention as much as any of our precedents.”
Smith & Wesson shares gapped up 7.6% to 20.44 to an eight-year high in Monday afternoon trading on the stock market today.
Read More At Investor’s Business Daily: http://news.investors.com/business/120715-784076-smith-wesson-sturm-ruger-rise-on-gun-control-talk.htm#ixzz3tjtPLTmp
I remember when stock prices used to be checked by reading the Wall Street Journal and the closing value from the previous day. The information was at best 24 hours old by the time you could effectively use it to make a trading decision. Now with the mobile devices that are so easily available, stock pricing changes are instant. I’ve come to enjoy my iPhone because the apps are so interactive and run well on the Apple operating system. I have my preset favorites and one of them is (NASDAQ:SWHC) but that’s really just for fun. You aren’t going to get rich on that kind of stock; you’d have to buy it in large quantities when it’s very low and sell it off on a bounce-back. But watching it climb to such lofty heights as it has after Obama’s speech has more value to me than just money.
Smith & Wesson are and Ruger are companies that I cheer for, because everyone knows the political pressure against them to shut down, the threats of lawsuits that they’ve had to endure from every pandering politician to ever hit the scene—the gun companies have been easy targets for many years. So I watch the stock of gun companies to monitor their health—because that is important to me. I want to see them succeed, because if they do, I succeed also. It’s good to see Smith & Wesson stock climbing because that means that mainstreamers are buying guns and are wanting to own a piece of the company.
I would suggest Smith & Wesson stock for a Christmas present to a person in your life who values such things. At the current prices, they won’t be retiring any time soon, but it is ownership into something that is distinctly, and unapologetically American. I know I feel every time I buy one of their firearms pride in owning a piece of American craftsmanship. I have a long history with fine machining products—and even today it’s a part of my life. I have great respect for products made on lathes and milling machines. So I never tire of rubbing my fingers over a fine firearm that was built to contain controlled explosions and deliver a projectile to a target radius many yards away. It is a similar appreciation as I feel when holding a fine set of golf clubs, or shooting a basketball into a well constructed hoop. Its science melded with human invention out of necessity—and they are things to behold with appreciation. Machining measurements on firearms are understandably very tight, so it takes a lot of responsibility, and craftsmanship to be a firearms manufacturer. The liability alone makes it nearly prohibitive, which has been politically motivated to sink those companies with compliance costs. There are much more profitable ventures to be involved in, so I greatly respect companies like Smith & Wesson, who have their headquarters in a liberal part of the country and are holding their own against a tide of progressive sentimentality. They could do other things to make a buck, but they work each day to stay in business for the few of us out there who greatly appreciate their efforts. Those are the things I think of when I rub my fingers over the contours of a finely built gun. They are objects of great love and care—and they go perfectly with a bold American flag flying on the Fourth of July.
Watching the stock price rise on my iPhone indicated to me that the attempts of the gun grabbers were failing. If they were trying to use fear instigated by terrorism to drive society into their warm embrace—they have failed in their task. Instead, what they are getting is a society that is rejecting their extended arms knowing that the cost of that embrace is a loss of freedom and personal sanctity. What the government is doing is essentially perverted, like a teenage boy trying to sneak a kiss from an innocent girl by taking her to a scary movie so that she wants to tuck herself into his arms as an invitation to a first base advancement of sexual exploration. Government wants America disarmed for the same reasons—and the public isn’t falling for it. Instead, they were going in the other direction and that is good for firearms manufacturers like Smith & Wesson who have been making guns for a long time—yet have done so without the glamour and glitz of the great success story that they are, because guns have been given an undeserved stigma. Yet Smith & Wesson made them anyway. So it’s nice to see good things happening to good people and the owners of Smith & Wesson are. Those who aren’t owners yet desired to be, so they bought some stock, which is the best way to tell such a company—Thank You.
Rich “Cliffhanger” Hoffman