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S&W stock shot down by investors (-29%)

10/12/2007 par Ancien4425 0
S&W stock shot down by investors (-29%)

Smith & Wesson stock shot down by investors

BLOOMBERG NEWS SERVICE • December 8, 2007



Smith & Wesson Holding Corp., the maker of handguns and rifles, fell to its lowest level in 18

months in U.S. trading after forecasting a break-even third quarter, lower than analysts estimated,

because of a temporary plant shutdown.



Shares of the Springfield, Mass.-based gunmaker (SWHC) fell $2.84 (-29%) to $7.08, in Nasdaq Stock

Market composite trading, its lowest price since June 2006.



Warm weather shortened the U.S. hunting season, reducing demand for rifles and shotguns and hurting

fiscal second-quarter profit, the company said in a statement late Thursday. Smith & Wesson forecast

its third-quarter gross profit margin would narrow to about 26 percent from 32 percent in the second

quarter, citing a three-week shutdown of its Springfield factory this month.



Smith & Wesson's adjusted third-quarter profit is estimated at 13 cents a share by four analysts

surveyed by Bloomberg.



The gunmaker also cut its forecast for fiscal 2008 profit to $17 million, or 40 cents a share,

compared with about $23.5 million, or 53 cents, projected in October. Analysts surveyed by Bloomberg

estimated 52 cents a share, on average.



source:

http://www.app.com/apps/pbcs.dll/article?AID=/20071208/BUSINESS/712080343/1003



Smith & Wesson Lowers Its Aim

http://www.forbes.com/markets/economy/2007/12/07/smith-wesson-firearms-markets-equities-cx_cg_1207ma

rkets25.html







Traduction en FR:

voir:

http://www.boursorama.com/forum/message.phtml?page=1&id_message=367698838
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