MORE ON SMITH & WESSON, GUN LOVERS BUYING GUNS IN ANTICIPATION OF CLINTON VICTORY $SWHC
This post was just published on ZYX Buy Change Alert. SWHC is a gun maker. It reported earnings in line with whisper numbers but higher than consensus. The trigger for the trade is it projects its Q2 earnings of $0.53 to $0.57 vs. $0.35 consensus; projects revenues of $220 – $230 million vs. $166 million consensus. This earnings report shows that people are buying guns, more than usual in anticipation of a Clinton victory. The thesis is that Clinton may start some kind of gun control making it difficult to buy guns. There is high risk in this trade and for