When in Africa do as the Africans. Long SWHC and RGR
Every morning in Africa, a gazelle wakes up. It knows it must outrun the fastest lion or it will be eaten. Every morning in Africa, a lion wakes up. It knows it must run faster than the slowest gazelle, or it will starve. It doesn't matter whether you're a lion or gazelle - when the sun comes up, you'd better be running.
NOTE: I do not like guns. But I think it is a civc responsibility to own one. I am long RGR and SWHC. I do not like either companies numbers, P/E or management. This is my second write up on SWHC. I wrote on February 17, 2009:
Long Smith & Wesson Holding (SWHC).
No doubt bringing African economics into the White House and US will bring in the civil unrest that goes with it. As the government seizes assets by nationalization "to helps the people" or "brings stability", the nation's masses become impoverish and a "super class" of oligarchs are created. The masses are left to fend and defend for themselves.
Many Americans, that are financially literate and knowledgable of history will be converting their "paper wealth" into hard assets (Reference:
Worried Investors Want 25 Feb 09). Gold on Hand - WSJ.com Sector Snap: Pistol makers up since Obama election
If you bring hard assets into your home, you will also need the tools to protect them.
The Consumption based economy is not dead, as I have been stating, just go to a gun show or try and buy ammo. If you find ammo, you will be paying a high premium.
Again, I beg you, DO NOT TRUST ME, GO LOOK FOR YOURSELF! Try buying 9MM or 5.56 etc... please report back. If you are a "gun nut", tell us what you are seeing.
Most Americans are moving in anticipation of the Robert Mugabe economic plan Obama is bringing forward.
Obama sounds like Mugabe here:
Marc Faber about Zimbabwe School of Economics 06 Feb 2009.
Jim Rogers: I expect to see civil unrest in the US, 24 Feb 2009 FYI - Ron Paul Weekly Report, 20 Feb 2009 Ron Paul "You cannot re-inflate the bubble" 25 Feb 09
Nice flood of positive stories on Yahoo Finance, from 17 Feb 09:
UPDATE - Smith & Wesson to nearly double revenue with......at Reuters(Wed, Feb 4) Four Must-See Charts of the Day: Small-Caps to Watchat TheStreet.com(Tue, Jan 27) [video] Smith & Wesson Still Smokingat TheStreet.com(Sun, Jan 18) [$$] Fitz Bits: Pull the Trigger on Smith & Wessonat RealMoney by TheStreet.com(Fri, Jan 16) Consumer in the Crosshairs, but Smith & Wesson Still ...... TheStreet.com TV(Fri, Jan 16) [video] Consumer in the Crosshairs, but Smith & Wesso......at TheStreet.com(Thu, Jan 15) 3 Stocks Bucking the Downtrendat Motley Fool(Mon, Jan 12) 3 Winning Stocks for a Challenging Yearat Motley Fool(Mon, Dec 22) Smith & Wesson Misses the Bear at Motley Fool(Thu, Dec 18)