By Tom Knighton
David Hogg thinks he can threaten Smith & Wesson, and he’s convinced he can extort money out of them for his cause for some ridiculous reason. If he’s going to take the company down, he has his work cut out for him.
It seems American Outdoor Brands, which used to trade on the stock market as Smith & Wesson, is doing just fine at the moment.
Shares of American Outdoor Brands Corporation jumped more than 20 percent after the bell on Thursday after the company reported earnings that beat Wall Street analysts’ expectations.
Here’s how the company did compared with Thomson Reuters consensus estimates:
- Earnings per share: 21 cents vs. 12 cents expected
- Revenue: $138.8 million vs. $134.5 million expected
The company reported earnings guidance of 11 to 15 cents per share, higher than analysts’ estimates of 8 cents per share.
American Outdoor Brands was known as Smith & Wesson Holdings until 2016, after its firearms brand that makes up the majority of the company’s revenues.
The stock itself is still down 24 percent, much of which was spawned by the anti-gun climate that erupted in the immediate aftermath of Parkland.
I suspect Hogg is looking at this and thinking, “More for me” …Read the Rest
Source:: Bearing Arms