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I might be more interested in it if there was a dividend. It is trading up a bunch today because they gave higher earnings guidance earlier this morning. It will be interesting to see if it can stay up there and more importantly, keep moving up.
So a retirement fund will shortchange its participants tens of thousands of dollars in a stock that has shown profound growth in order to make a point. These people are relying on sound financial decisions in order to live on after retirement, not taking a ride on some touchy-feely moral high horse. This screams fiduciary malpractice.
Yup. However, this is not unusual. There are "socially just" funds that will not invest in: firearms, coal, fuel, oil, gas, cigarettes, tobacco, booze, beer, etc, etc. But on the other side of the coin, the are "Sin" funds. I like to think of my portfolio as one big "Sin" fund. You know why? Because Sin sells baby. When shit gets tough, what do people buy? Booze, beer and smokes. When things get good, what do people buy? More expensive booze, beer, tobacco.....So a retirement fund will shortchange its participants tens of thousands of dollars in a stock that has shown profound growth in order to make a point. These people are relying on sound financial decisions in order to live on after retirement, not taking a ride on some touchy-feely moral high horse. This screams fiduciary malpractice.
This is what straddles are for.
I bought SHWC back in March, only a handful of shares. I didn't buy the stock as any kind of strategy, primarily because I enjoy their products. I own it for the same reason I hold onto a few shares of Eastman Kodak. Their products give me enjoyment.I've owned S&W since Feb(?). While it's not a "high flier" the risk/reward for me is fine. I bought them more because they already make MA/CA/MD compliant firearms, and would have minimal re-tooling time if the .gov decides to mirror one of those states with restrictive laws/rules/regulations.....
The shares are enjoying a nice pop in the opening session (5.4%^, just looked at my portfolio) Nice pop, but probably not sustainable for the day. The next few weeks we may see more movement to get closer to a good P/E....
My adviser always says, "Ron, buy what you know, it seems to be working"........I bought SHWC back in March, only a handful of shares. I didn't buy the stock as any kind of strategy, primarily because I enjoy their products. I own it for the same reason I hold onto a few shares of Eastman Kodak. Their products give me enjoyment.
So a retirement fund will shortchange its participants tens of thousands of dollars in a stock that has shown profound growth in order to make a point. These people are relying on sound financial decisions in order to live on after retirement, not taking a ride on some touchy-feely moral high horse. This screams fiduciary malpractice.
So a retirement fund will shortchange its participants tens of thousands of dollars in a stock that has shown profound growth in order to make a point. These people are relying on sound financial decisions in order to live on after retirement, not taking a ride on some touchy-feely moral high horse. This screams fiduciary malpractice.
Taking shares out of the market is generally considered a good thing. I see it as a reward without paying the dividend, but it would be better if they paid out. Perhaps there is a long term plan, buy shares back, then in the next fiscal year announce a dividend program. Killing the dilution means paying out less, no?This should drive the shares up in the long run. It means that they think that the shares are too diluted, and/or they don't have any place else to put money right now, and/or they are rewarding shareholders in a way that isn't paying dividends, which is now a horrible way to take stock profits vs long term cap gains.
Watch to see how well received this is to get an idea what people are thinking.
Hmmm, options... I read somewhere that trading options is a great way to make a small fortune out of a large one.
Today5d1m Many see a big down side with first time buyers burn-out but good luck no matter your choice!
Stock:Smith & Wesson Holding (SWHC)
They boosted their buy back price to $11 a share. Up 8.2% in last 5 sessions.....