Is Smith & Wesson Holding Corp (SWHC) A Value Trap?
Smith & Wesson Holding Corp (NASDAQ:SWHC) released earnings after the market closes today, and Meson Capital Partners expected some bad news. The company reported Q2 EPS of $0.09, $0.02 better than the analyst estimate of $0.07. Revenue for the quarter came in at $108.4 million versus the consensus estimate of $105.8 million. The hedge fund, which is shorting Smith & Wesson, cites falling demand, high fixed costs, and a history of poor asset allocation decisions as reasons to see this as a value . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.