| To: RSkarsten who started this subject | 3/13/2002 9:14:23 PM | | From: RSkarsten | | | | ManageSource Initiates Coverage on Saf-T-Hammer Parent Company of Smith &
Wesson
ManageSource Initiates Coverage on Saf-T-Hammer Parent Company of Smith
& Wesson
SCOTTSDALE, Ariz., Feb 12, 2002 /PRNewswire-FirstCall via COMTEX/ --
Saf-T-Hammer Corporation (OTC Bulletin Board: SAFH), the parent company of Smith
& Wesson, today announced that ManageSource Research had initiated coverage with
a 'Strong-Buy' rating and a 12-month target price of $3.25-$5.00. The stock was
trading at $0.77 when the report was issued.
The report contains a company overview that describes its general business, a
detailed corporate strategy outlook describing its operations, an investment
thesis, an evaluation of revenues and P&L, in-depth coverage of the Company's
most recent quarter, a review on sector performance and an analysis of industry
competition for investment consideration.
The report noted that since Smith & Wesson's return to American ownership, it
has made an impressive financial turn-around and was capitalizing on its
150-year-old brand name. The report also pointed out that the stock was
undervalued due to a lack of prior market exposure. To review the ManageSource
full coverage research, visit: managesource.com .
"Our EBITDA for the second quarter ended October 31, 2001 was $529,000 and in
comparison, the Company estimates EBITDA for the third quarter that just ended
January 31, 2002 is approximately $2.9 million, an increase of over 500 percent.
The Company reported a $97,000 operating loss for its second quarter compared to
an estimated operating profit of $2.6 million for the third quarter," said
Mitchell Saltz, president and CEO of Saf-T-Hammer. "This indicates that we are
executing our business plan and increasing our operating efficiencies."
Saf-T-Hammer also reported that Smith & Wesson president, Bob Scott, has been
appointed to the Rand Corporation's Criminal Justice Advisory Board. "It will be
an honor to serve on the board and tackle an array of important issues that
affect our society," said Scott. Recently, the National Shooting Sports
Association also named Mr. Scott one of four nominees for 'Man of the Year'.
About Saf-T-Hammer
Saf-T-Hammer Corporation is a firearm safety company focused on preventing
unauthorized gun use and unintentional firearm accidents. Saf-T-Hammer customers
include sporting goods distributors, law enforcement distributors, law
enforcement retailers, law enforcement agencies and gunsmiths. Saf-T-Hammer
acquired Smith & Wesson, one of the world's leading producers of quality
handguns and law enforcement products, in May of last year. Law enforcement
personnel, military personnel, target shooters, hunters, collectors and firearms
enthusiasts throughout the world have used the company's products with
confidence for nearly 150 years. Saf-T-Hammer and Saf-T-Trigger are trademarks
of Saf-T-Hammer Corporation.
For more information, visit the company's Web sites at:
saf-t-hammer.com and smith-wesson.com .
Safe Harbor Statement
Statements about the company's future expectations, including synergies between
the two companies, and all other statements in this release, other than
historical facts, are "forward-looking statements" within the meaning of section
27A of the Securities Act of 1933, section 21E of the Securities Act of 1934, as
that term is defined in the Private Securities Reform Act of 1995. The company
intends that such "forward-looking statements" be subject to the safe harbors
created thereby. |
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| To: RSkarsten who started this subject | 3/13/2002 9:15:27 PM | | From: RSkarsten | | | | Saf-T-Hammer Changes Name to Smith & Wesson Holding Corporation
Saf-T-Hammer Changes Name to Smith & Wesson Holding Corporation
SCOTTSDALE, Ariz., Feb 15, 2002 /PRNewswire-FirstCall via COMTEX/ --
Saf-T-Hammer Corporation (OTC Bulletin Board: SAFH), today announced that its
shareholders have approved a corporate name change to Smith & Wesson Holding
Corporation. Shares of the company will continue trading under its current
ticker symbol (OTC Bulletin Board: SAFH), until a new symbol is issued.
At the company's special meeting of stockholders held Thursday, February 14,
2002, in Scottsdale, Arizona, shareholders also approved the company's Stock
Option Plan and the company's Employee Stock Purchase Plan.
"In order to provide maximum brand equity benefit for our shareholders,
management recommended the name change to our shareholders and we are pleased
that they overwhelmingly approved the change," said Mitchell Saltz, president
and CEO of Saf-T-Hammer speaking at the meeting. "The Smith & Wesson name is
legendary and one of the most recognizable brand names in the world. It truly is
a centerpiece of Americana. The new name will properly reflect the history of
the company and better communicate its position as a global leader in the
manufacturing and marketing of handguns, law enforcement products and safety and
security products. Additionally the company provides metal-processing services
to many other manufacturing companies."
The company will keep the familiar Smith & Wesson corporate logos and will
maintain its Web sites at: smith-wesson.com / and
saf-t-hammer.com /
About Smith & Wesson Holding Corporation
Smith & Wesson Holding Corporation is the parent company of Smith & Wesson
Corp., one of the world's leading producers of quality handguns, law enforcement
products and firearm safety and security products. Law enforcement personnel,
military personnel, target shooters, hunters, collectors and firearms
enthusiasts throughout the world have used the company's handguns with
confidence for 150 years. The Special Services division manufactures custom
machine parts and services for many industrial clients. Smith & Wesson Corp.
also manufactures handcuffs, and markets Smith & Wesson branded bicycles,
apparel and other products. |
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| To: RSkarsten who wrote (5) | 3/20/2002 5:02:18 AM | | From: d:oug | | | | I'am sure you have lots more experience trading these markets
than I do, but I keep on hearing those sad stories that one waits
and waits for that last little tiny bit to make it a full double,
and zap they lose it. Your "only .20 away from my double
... with white knuckles!!" sounds like you might best do
a compromise and sell 1/2 to get your investment returned
to you to invest elsewhere, then without "white knuckles!!"
return the blood flow back :o) so your fingers do not fall off,
and wait for the remaining 1/2 to reach its double or more.
d:oug |
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| To: d:oug who wrote (6) | 3/20/2002 1:47:27 PM | | From: RSkarsten | | | | Sound advice.... Yea, I did liquidate half for an 80% gain, and just now dumped the rest after noticing a stone wall resistance at 2.95. Looks like someone with allot of shares thinks they've had enough. I'll either get back in on the pull back or when climbing continues, but for a much smaller stake.
To quote a millionaire friend of mine, "It's never wrong to take a little profit".
RS |
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| To: RSkarsten who wrote (7) | 3/20/2002 9:16:32 PM | | From: d:oug | | | | lots of little profits eventually become decent money, or
i'am not a trader, and don't know if you know of Zeev Hed,
but i'am on an un-Zeev a.k.a. un-turnip thread just for the
contest where i'am at the top, and this thread has lots
of folks taking profits over "ego" :o)
SI: StockTalk: Short-Term Traders
: Dave Gore's Trades That Make Sense
To:mishedlo who wrote (4084)
From: Bruce A. Brotnov
Wednesday, Mar 20, 2002 1:18 AM
mish, I was just going by a note a friend sent me.
I get an upset stomach around the turnip patch.
I prefer to be around positive people. LOL
To:Larry Dudash who wrote (41625)
From: Zeev Hed Monday, Mar 18, 2002 3:49 PM
I think it means the naz will not be far behind,
remember, the Q always amplifies the then current trend
in the Naz, Hal has a downtrend in force now, naturally,
the Q on the average will be weak.Zeev |
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| To: d:oug who wrote (8) | 3/21/2002 12:51:58 PM | | From: RSkarsten | | | | So me thinks as to what you are trying to say is that there's a bunch of gloats pickin', but not a buyin'', and you're at the top of the heap?
"Zeev Hed", never heard of him, please elaborate. Also, "un-Zeev a.k.a. un-turnip thread"; how about a WAG.
All I know is I nailed it yesterday, highest sale of the day. I haven't gotten one of those for a while. Today, mid morning pull back over half a point, so I jumped in, only missing the bottom (thus far, the day ain't over yet) by a mere dime.
Best to ya,
RS |
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| To: RSkarsten who wrote (9) | 3/21/2002 9:30:16 PM | | From: d:oug | | | | "Zeev Hed", never heard of him, please elaborate."
RS,
While i do not know what "a WAG" is, it might be that saying
about a dog's tail being moved about by a person so that the
dog's direction is not his or hers own choice.
Also, wag in my dictionary has a second meaning, eventhought
for some reason i was totally unaware of this as it has not ever
be used by or against me :o) "one who jests" which might be
explained simply by me being a highschool drop-out that seemed
until i joined Silicon Investor, to only associate with like types.
As for Zeev and them and his turnips, well you may be the only
person on Silicon Investor not aware of him :o) For myself, by chance,
while i traveled the dirts of deserts looking for what was talked about
marshmallows growing with ultra-fine presents of precious metals
hidded inside that required proof using a test by fire, which it seems
did not accomplish the task since the folks doing the testing would
simply eat them roasted marshmallow as they turned colors
unlike store brought one.
This story had this man Zeev, who is a working retired world class
scientist with others of equal ability, for reason still not clear to me why,
was in this desert dirt area not only in the beginning, but i heard
as the first. If Zeev was wearing a tin foil hat to capture signals,
is just rumor or not.
ok, here is some info
(off topic) HOT PEOPLE & using gold as money
Message 17136890
**** HOT PEOPLE -- March, 2002 Edition ****
This is a list of the top 50 most bookmarked SI Members.
1 Zeev Hed (or) for hottest of the hot, everything feels cold :o)
...
7 Jane456
...
41 Claude Cormier (not on this thread, but...
Member 2202817
... but he write a gold newsletter
and his nose will not grow long
when he tells you what he knows.
(gold as money)
also, eXtra
Once upon a time there came to be Zeev's Turnips,
Message 16813672
and this was good. but then arrived the Dark Forces,
d:oug |
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