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Author Topic: The new Smith & Wesson  (Read 438 times)

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Offline Heavy C

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The new Smith & Wesson
« on: May 29, 2007, 03:52:23 PM »
This is a good article on the changing Smith & Wesson.  I guess you have to evolve or else...

http://www.businessweek.com/magazine/content/07_23/b4037418.htm
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Offline Sourdough

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Re: The new Smith & Wesson
« Reply #1 on: May 30, 2007, 08:43:55 AM »
They are simply following Winchester's lead.  Winchester has been doing this for several years now, just not on as big a scale.
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Online Graybeard

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Re: The new Smith & Wesson
« Reply #2 on: May 30, 2007, 09:14:35 AM »
Quote
That new way of thinking is helping the company rack up some impressive numbers. Barely profitable when the 53-year-old Golden took over, Smith & Wesson's revenues rose 27%, to $160 million, in its most recent fiscal year. Profits climbed 66%, to $9 million, and the stock has more than doubled over the past year.

I sure don't pretend to understand what's going on with them but I'd like to know how the hell a company with only $9 million in annual profits is in a position to buy out TC at over $100 million and especially after they had only a short few years back purchased S&W for over $100 million.

Seems to me like someone is mighty deep in debt and sinking deeper fast.
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Offline 30-30man

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Re: The new Smith & Wesson
« Reply #3 on: June 01, 2007, 11:40:10 AM »
It's called outsourcing. You stamp your name that was once a symbol of quality on the cheapest piece of sweat shop Chinese crap and sell it to the unsuspecting consumer.  Scopes , knives, holsters, gun cases, clothing, the list goes on and on.....I won't buy anything with S&W or Winchester's name on it anymore unless it is a firearm.
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