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re: Gun stocks taking a beating... when to buy?
Posted on 12/18/12 at 4:35 pm to C
Posted on 12/18/12 at 4:35 pm to C
I just came her to post this same question. Smith & Wesson down 10% on it's largest trading day ever? I don't expect these prices to jump back up in a hurry but I feel they'll slowly recoup much of today's pps drop as the sentiment cools down in the next few months.
1
Posted on 12/18/12 at 5:03 pm to Dan
quote:
Smith & Wesson down 10%
should be around 8.43/share at 9.8 P/E and .86 EPS. closed at 7.79, almost 8% off that. its P/E is lower than the industry average at 13.7 so there's potential for the stock price to increase a bit. wouldn't be surprised to see it jump back up to around $9 by the end of the year especially if there's a debt deal.
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