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Author Topic: Is Smith and Wesson "out of business?"  (Read 2243 times)

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Offline JumpinJackFlash

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Is Smith and Wesson "out of business?"
« on: July 24, 2011, 05:05:16 AM »
I have a friend who heard from a "reliable source" that Smith and Wesson is out of business. Would anyone out there care to comment on this?  I have heard this over and over from this person. Please put this to rest.
 
JJF
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Offline Graybeard

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Re: Is Smith and Wesson "out of business?"
« Reply #1 on: July 24, 2011, 07:12:09 AM »
Since their website is still fully functional and since gun stores are still getting new S&W guns daily I'd say it's just more dumb scare tactics. They also own TC and TC guns are still being shipped so I'd say the company is on fairly solid footing.
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Offline buck460XVR

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Re: Is Smith and Wesson "out of business?"
« Reply #2 on: July 24, 2011, 01:18:23 PM »
Quote from: Graybeard on July 24, 2011, 07:12:09 AM
Since their website is still fully functional and since gun stores are still getting new S&W guns daily I'd say it's just more dumb scare tactics. They also own TC and TC guns are still being shipped so I'd say the company is on fairly solid footing.

yep...that and their stock has been fairly stable and was still being bought and sold as of Friday.
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Offline Mohawk

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Re: Is Smith and Wesson "out of business?"
« Reply #3 on: July 25, 2011, 05:44:08 PM »
I would say they are very much in business.
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Offline Ken ONeill

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Re: Is Smith and Wesson "out of business?"
« Reply #4 on: July 26, 2011, 03:34:16 PM »
Your friend or his "reliable source" are ridiculous.
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Offline 1marty

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Re: Is Smith and Wesson "out of business?"
« Reply #5 on: July 26, 2011, 04:06:04 PM »
NEW YORK (MarketWatch) -- Shares of Smith & Wesson Holding Corp. turned higher Friday, gaining 11% the morning after the firearms maker posted a drop in quarterly profit due to charges but said it garnered record sales and better than doubled its backlog. Smith & Wesson /quotes/zigman/87396/quotes/nls/swhc SWHC -2.62% earned $1.1 million, or 2 cents a share in its fiscal fourth quarter, down from $2.7 million, or 4 cents a share, for the same period a year ago. Sales jumped 8% to $112 million while the backlog soared 153% on a sequential basis on robust demand across "nearly all" of its firearm product lines, the company said. Shares of Smith & Wesson were up 33 cents at $3.33 in morning action
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Offline Walt4595

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Re: Is Smith and Wesson "out of business?"
« Reply #6 on: July 26, 2011, 04:19:49 PM »
Are you sure your friend or that reliable source did not say they are out of stock.
 
Cause I know alot of their products are flying off the shelves of my LGS. Lucky for everyone that new stock of S&W firearms seems to be delivered regularly.
 
If S&W is out of business obviously someone forgot to tell S&W.
 
 
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Offline sidewinder319

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Re: Is Smith and Wesson "out of business?"
« Reply #7 on: July 26, 2011, 05:11:49 PM »
They make and sell other things aside from firearms.  They were making transmission parts for Freightliner. They are doing well after leaving the English Holding Company TKS which Damn near ruined their name in the 90s.
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Offline HAMMERHEAD

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Re: Is Smith and Wesson "out of business?"
« Reply #8 on: July 27, 2011, 06:53:04 AM »
I talked to them Monday. They were more than happy to take my money. :D  They're working on my 624.
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Offline mannyrock

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Re: Is Smith and Wesson "out of business?"
« Reply #9 on: August 15, 2011, 04:36:50 PM »
 
  Your friend probably meant Dan Wesson, a company that use to make pretty good revolvers, but went out of business years ago.
 
 
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Offline Swampman

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Re: Is Smith and Wesson "out of business?"
« Reply #10 on: August 15, 2011, 04:39:06 PM »
About as stupid as folks saying Marlin is going out of business.  It's not going to happen.
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Offline mannyrock

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Re: Is Smith and Wesson "out of business?"
« Reply #11 on: August 15, 2011, 04:42:02 PM »
 
   By the way Jack, if S&W went out of business, don'tja think it would be on the front page of every newspaper in America?
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Offline HAMMERHEAD

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Re: Is Smith and Wesson "out of business?"
« Reply #12 on: August 27, 2011, 04:47:16 AM »
Got my 624 back, it passed the recall test and they fixed the lock work. They did a great job, the trigger is as nice as any Smith. Very pleased.

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