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BREAKING :
SMITH & WESSON BRANDS (NASDAQ:SWBI) RECENTLY SPUN OFF ITS OUTDOOR RECREATION BUSINESS TO FOCUS ON ITS FIREARMS BUSINESS. BECAUSE OF THAT, ONE WALL STREET ANALYST SAYS THE GUNMAKER IS PERFECTLY POISED TO GARNER SIGNIFICANT MOMENTUM. AEGIS ANALYST ROMMEL DIONISIO INITIATED COVERAGE OF SMITH & WESSON WITH A BUY RATING, AND SET A TARGET PRICE FOR ITS STOCK AT $23 PER SHARE, SOME 48% ABOVE ITS CLOSE ON WEDNESDAY.I WAS 35 YEARS OLD WHEN I WAS INVITED TO A GUN RANGE. EVERY TIME I PULLED THE TRIGGER, I FOUND MYSELF JUMPING AND BECOMING EMOTIONAL. WITH EVERY SHOT, I FELT THE LIFE OF ANOTHER BLACK MAN BEING TAKEN. THAT DAY, I DECIDED I DIDN'T WANT TO HAVE ANYTHING TO DO WITH GUNS. FAST-FORWARD 15 YEARS. I'M SITTING IN MY CONDO ON CHICAGO'S SOUTH SIDE WHEN THE DOORBELL RINGS. IT'S THE PIZZA DELIVERY MAN. I BUZZ HIM INTO THE BUILDING. WITHIN SECONDS, I HEAR A COMMOTION AND SOMEONE YELLING, "DON'T SHOOT!" I QUICKLY LOCK MY DOOR AND LOOK OUT THE PEEPHOLE. A THIEF IS TRYING TO ROB THE PIZZA DELIVERY GUY. SEE STORY.IN A CASE CHALLENGING A HAWAII GUN RESTRICTION THAT COULD AFFECT STATE GUN LAWS ACROSS THE COUNTRY, AN ATTORNEY TOLD AN EN BANC NINTH CIRCUIT PANEL THURSDAY THAT THE SECOND AMENDMENT DOESN’T CATEGORICALLY BAR ALL RESTRICTIONS ON CARRYING GUNS OUTSIDE THE HOME. “HAWAII’S LAW IS SQUARELY ROOTED IN A LONG HISTORICAL TRADITION GOING BACK SEVEN CENTURIES,” SAID ATTORNEY NEAL KATYAL OF HOGAN LOVELLS IN WASHINGTON D.C., WHO REPRESENTS THE STATE AND COUNTY OF HAWAII. “THAT TRADITION SHOWS THAT CARRYING FIREARMS IN PUBLIC WITHOUT GOOD CAUSE HAS NEVER BEEN PART OF THE RIGHT TO KEEP AND BEAR ARMS.”THE 2020 PRESIDENTIAL ELECTION IS JUST SIX WEEKS AWAY, AND POLLSTERS AND PUNDITS ARE TURNING MORE ATTENTION TO THE HANDFUL OF SWING STATES THAT COULD ULTIMATELY DECIDE THE OUTCOME. WHILE THE ISSUE OF THE SECOND AMENDMENT HASN’T NECESSARILY BEEN AT THE FOREFRONT OF THIS CAMPAIGN CYCLE, THE NOTION OF GUN RIGHTS HAS BEEN A SIGNIFICANT FLASHPOINT THROUGHOUT THE TURMOIL AND UNCERTAINTY OF THIS YEAR – INDUCED BY THE ONGOING GLOBAL PANDEMIC AND NATIONAL SHUTDOWN AND FURTHER ENHANCED BY THE RIOTING AND UNREST THAT HAS PERMEATED MUCH OF THE COUNTRY IN RECENT MONTHS.MORE THAN 600 REMINGON ARMS WORKERS WERE FURLOUGHED THURSDAY. THEY LEARNED THROUGH AN EMAIL FROM REMINGTON OUTDOOR COMPANY CEO, KEN D'ARCY, WHEN THEY GOT TO WORK THURSDAY. THEY LEFT THE PLANT SHORTLY AFTER LEARNING OF THE PLANT-WIDE FURLOUGH, AT AROUND 12:30. MORE THAN 600 REMINGON ARMS WORKERS WERE FURLOUGHED THURSDAY. THEY LEARNED THROUGH AN EMAIL FROM REMINGTON OUTDOOR COMPANY CEO, KEN D'ARCY, WHEN THEY GOT TO WORK THURSDAY.

Industry Insider Archive

MA – INDUSTRY INSIDER – Smith & Wesson Brands Stock Has 48% More Upside

SMITH & WESSON BRANDS (NASDAQ:SWBI) RECENTLY SPUN OFF ITS OUTDOOR RECREATION BUSINESS TO FOCUS ON ITS FIREARMS BUSINESS. BECAUSE OF THAT, ONE WALL STREET ANALYST SAYS THE GUNMAKER IS PERFECTLY POISED TO GARNER SIGNIFICANT MOMENTUM. AEGIS ANALYST ROMMEL DIONISIO INITIATED COVERAGE OF SMITH & WESSON WITH A BUY RATING, AND SET A TARGET PRICE FOR ITS STOCK AT $23 PER SHARE, SOME 48% ABOVE ITS CLOSE ON WEDNESDAY.

NY – INDUSTRY INSIDER – Plant-Wide Furlough At Remington Arms; More Than 600 Affected (VIDEO)

MORE THAN 600 REMINGON ARMS WORKERS WERE FURLOUGHED THURSDAY. THEY LEARNED THROUGH AN EMAIL FROM REMINGTON OUTDOOR COMPANY CEO, KEN D'ARCY, WHEN THEY GOT TO WORK THURSDAY. THEY LEFT THE PLANT SHORTLY AFTER LEARNING OF THE PLANT-WIDE FURLOUGH, AT AROUND 12:30. MORE THAN 600 REMINGON ARMS WORKERS WERE FURLOUGHED THURSDAY. THEY LEARNED THROUGH AN EMAIL FROM REMINGTON OUTDOOR COMPANY CEO, KEN D'ARCY, WHEN THEY GOT TO WORK THURSDAY.

INT’L- INDUSTRY INSIDER – UK’s Webley & Scott to make its guns in India

Famous British handgun manufacturing giant Webley & Scott (W&S) will begin manufacturing its arms in India in November this year. It will be the first foreign company to manufacture firearms in India. W&S had armed the Allied forces during the two World Wars, and has produced weapons for at least 15 countries. Production will begin from its new unit in Uttar Pradesh’s Sandila (Hardoi), 30 km from Lucknow. The…

NAT’L – INDUSTRY INSIDER – Should Vista Outdoor or Olin Buy Remington’s Ammo Business?

REMINGTON ARMS, THE OLDEST GUNMAKER IN AMERICA, WAS FORCED TO FILE FOR BANKRUPTCY AFTER ITS PRIVATE-EQUITY OWNERS PUT THE COMPANY UNDER A HEAVY DEBT BURDEN, MAKING THE GUNS AND AMMO MANUFACTURER INCAPABLE OF BENEFITING FROM THE MASSIVE TURNAROUND UNDERWAY IN THE FIREARMS MARKET THIS YEAR. NOW, REMINGTON IS LOOKING TO SELL OFF ITS AMMUNITION BUSINESS AND HAS ACCEPTED A STALKING HORSE BID OF $65 MILLION FROM JJE CAPITAL, THE PRIVATE-EQUITY FIRM THAT OWNS PALMETTO STATE ARMORY, A SOUTH CAROLINA-BASED FIREARMS MANUFACTURER.

CA – INDUSTRY INSIDER – Santa Ynez Band of Chumash Indians Acquires Precision Firearms Components Manufacturer

NATIVENEWSONLNE.NET September 16, 2020 – The non-gaming economic development and investment arm of the Santa Ynez Band of Chumash Indians is further diversifying its portfolio of companies with the acquisition of a Florida-based specialty firearms components manufacturer.

Chumash Capital Investments LLC acquired Azimuth Technology LLC from New Orleans, La.-based LongueVue Capital Partners and Dallas-based Clavis Capital Partners, two private equity…

INT’L – INDUSTRY INSIDER – Insights on the Worldwide Shotgun and Rifles Industry to 2025

Technological advancements like the Internet of Things (IOT) and the penetration of digitalization are driving the growth of the market currently. One such result of the penetration of the technological advancements in this industry is the smart gun technology. Though this technology is available for the industry since a long time, their demand has seen a surge in the number of lost/stolen rifles and shotguns in countries such as…

MA – INDUSTRY INSIDER – Smith & Wesson Stepping Up Production as Sales Soar 140 Percent

One of the nation’s largest gun makers is ramping up production after a record-breaking first quarter in 2020. Smith & Wesson, one of only two publicly traded gun manufacturers in America, reported a 140 percent year-over-year jump in gun sales between the beginning of May and the end of July. The company moved 584,000 guns in that period, an unprecedented demand that caused inventories to fall. That’s why the…

MA – INDUSTRY INSIDER – Smith & Wesson Reports Record Gun Sales During Quarter Dominated By Civil Unrest

SMITH & WESSON (NASDAQ: SWBI), ONE OF MOST PROMINENT GUN COMPANIES IN AMERICA, REPORTED A 128% GAIN IN QUARTERLY NET SALES COMPARED TO THE YEAR-AGO QUARTER, TO $278 MILLION. THE VENERABLE GUN COMPANY, BASED IN SPRINGFIELD, MASS., ALSO REPORTED A SIGNIFICANT INCREASE IN NET INCOME TO $55 MILLION FOR THE QUARTER, OR 97 CENTS PER DILUTED SHARE, COMPARED TO $1.7 MILLION IN THE YEAR-AGO QUARTER, OR 3 CENTS PER DILUTED SHARE.

MA – INDUSTRY INSIDER – Amid gun sales spike, new arms manufacturer CFO prioritizes efficiency

On Monday, Deana McPherson began work as CFO, treasurer and assistant secretary at arms manufacturer Smith & Wesson, the company shared in a press release. McPherson joined Smith & Wesson in 2007 as corporate controller, and has been chief accounting officer since 2017. McPherson’s promotion, which Springfield, Mass.-based Smith & Wesson announced in November, follows former CFO Jeffrey Buchanan’s retirement, and the completion of the spinoff of its outdoor business,…

NAT’L – INDUSTRY INSIDER – Democrats, Banks And Guns

DEMOCRATS ARE FORCING BIG BANKS TO CONTRIBUTE TO AN ANTI-CORRUPTION ACTIVITY THAT THE DEMS SAY ALLOWS THE BANKS TO FINANCE THE GUN INDUSTRY AND, ACCORDING TO MEMBERS OF A HOUSE COMMITTEE THE BANKS INCLUDE JPMORGAN CHASE, BANK OF AMERICA, CITIGROUP, WELLS FARGO, GOLDMAN SACHS AND MORGAN STANLEY.

NAT’L – INDUSTRY INSIDER – Amid Booming Gun And Ammo Sales, Arms Makers Aim Not To Get Burned Again

Gun and ammo makers are staying cautious ahead of the election despite surging sales, because they remember all too well the crash that happened after the election of President Trump. Gunmakers can barely keep up with demand. Sales have been booming since the start of the pandemic, fueled by fears of coronavirus and civil unrest. FBI background checks have been breaking records. Makers of guns and ammo are reporting double-digit increases…

MO – INDUSTRY INSIDER – A Shady Gun Company Cheated Death and Cashed In

IN 2018, FEDERAL AGENTS REVEALED THAT GUNS MADE BY JIMENEZ ARMS, INC. HAD BEEN FUNNELED INTO AN ALLEGED TRAFFICKING NETWORK BASED IN KANSAS CITY, MISSOURI. THE NETWORK’S SUSPECTED LEADER, A LOCAL FIRE DEPARTMENT CAPTAIN, HAD ALLEGEDLY PURCHASED PISTOLS DIRECTLY FROM THE COMPANY EVEN THOUGH HE LACKED THE APPROPRIATE LICENSE. TWO YEARS LATER, JIMENEZ ARMS FILED FOR BANKRUPTCY. FOR ALVINO CRAWFORD AND HIS WIFE BEVERLY, THE BANKRUPTCY TRIGGERED MIXED EMOTIONS. IT IMPERILED THEIR LAWSUIT AGAINST JIMENEZ ARMS, THE LOW-END GUNMAKER THAT HAD PRODUCED THE ALLEGEDLY TRAFFICKED HANDGUN USED TO KILL THEIR 29-YEAR-OLD SON IN 2016. BUT THE CRAWFORDS BELIEVED THAT THEIR EFFORTS HAD HELPED COMPEL THE 15-YEAR-OLD COMPANY TO SHUTTER, AND THEY TOOK SOLACE KNOWING THEY MIGHT HAVE SPARED OTHER PARENTS THE PAIN OF LOSING A CHILD TO ITS PRODUCTS.

NAT’L – INDUSTRY INSIDER – Coronavirus Fuels Boom In Bullet Sales For Vista Outdoor And Olin

AMMO SALES HAVE SURGED FOR VISTA OUTDOOR AND OLIN CORP. DURING THE COVID-19 PANDEMIC AS FEARS OF CORONAVIRUS AND CIVIL UNREST PROMPT AMERICANS TO BUY GUNS AND BULLETS. VISTA OUTDOOR CEO CHRIS METZ SAID IN AN EARNINGS CALL THURSDAY THAT STRONG AMMUNITION SALES IN THE LAST QUARTER WERE DRIVEN BY AN INDUSTRY-WIDE 40% INCREASE IN FIRST-TIME GUN BUYERS DURING THE PANDEMIC, INCLUDING WOMEN AND PEOPLE OF COLOR, BASED ON DATA FROM HE NSSF GUN INDUSTRY GROUP. HE SAID THAT AMMO DEMAND IS SO BRISK, AND FUELED IN PART BY STOCKPILING, THAT SOME NEW BUYERS HAVE COMPLAINED THAT THEY CAN’T FIND ENOUGH AMMO IN STOCK.

MA – INDUSTRY INSIDER – Smith & Wesson’s Spinoff Of American Outdoor Brands Presents An Attractive Opportunity

SMITH & WESSON ANNOUNCED THAT THEY WILL BE SPINNING OFF AMERICAN OUTDOOR BRANDS IN AUGUST. THE SMALL SIZE (NEARLY MICRO-CAP) OF THE SPIN-CO RELATIVE TO THE PARENT MAY PRESENT AN OPPORTUNITY TO TAKE ADVANTAGE OF FORCED SELLING. INCENTIVES OF NEW MANAGEMENT ARE STRONG. TRADING COMPS SUGGEST THAT THE SPIN-CO MAY FETCH A HIGHER MULTIPLE THAN IT WOULD AS A PART OF SMITH & WESSON BRANDS. IT WAS ANNOUNCED FRIDAY THAT SMITH & WESSON'S (SWBI) BOARD OF DIRECTORS APPROVED THE SPINOFF OF THEIR "OUTDOOR PRODUCTS AND ACCESSORIES" BUSINESS LINE AS AMERICAN OUTDOOR

NY – INDUSTRY INSIDER – Gun stocks edge higher after NY AG Letitia James sues to dissolve the NRA

Shares of gun makers edged higher Thursday, but pared earlier gains, after New York Attorney General Letitia James filed suit seeking to dissolve the National Rifle Association (NRA), charging “illegal” conduct. James alleges the pro-gun organization violated non-for-profit laws by diverting “millions of dollars away from the charitable mission of the organization for personal use by senior leadership,” and awarding contracts to financially benefit associates and family. Smith &…

SD – INDUSTRY INSIDER – Vehicles, tractors, farm machinery….and firearms?

When the Big Red Power Round Up takes place Aug. 8-10 on the S.D. State Fairgrounds, you can expect to see rows of farm machinery and tractors of all sizes, acres of trucks and other vehicles, and, in the Beef Complex, something that is not immediately associated with the International Harvester Company. Firearms. No, that’s right. Military-grade weapons that have the International Harvester name stamped on the barrel. Leo…

NH – INDUSTRY INSIDER – Gunmaker Ruger reports massive spike in sales during the pandemic

LEDGER TRANSCRIPT.COM August 5, 2020 –  Fear is good for business.

That’s the takeaway in the latest earnings report for Newport gun manufacturer Sturm, Ruger & Co., which last week reported that gun sales and profits surged, especially during the second quarter, as the result of people’s safety concerns arising from the COVID-19 pandemic and — in the company’s words…

NY – INDUSTRY INSIDER – Kimber: The World’s Best Manufacturer of the Classic 1911 Pistol?

While it was Colt Firearms that produced the first of the John Moses Browning-designed M1911 .45 pistols, today the market leader in the category is Kimber. And it isn’t hard to see why, as the company has become known for building fine sporting firearms that are better than even the classics from the golden age of American firearms. Its firearms have been used by the USA Shooting Team, the…

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