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Stock Market & Financial Investment News

News Breaks
December 18, 2012
11:00 EDTSWHC, RGRCerberus to sell stake in gun maker following Connecticut tragedy
Private equity firm Cerberus said it would immediately sell its controlling stake in the Freedom Group, which made the weapon used by the gunman who killed 20 children in Connecticut, media outlets reported. Cerberus' decision comes in the wake of a statement by the California State Teachers’ Retirement System, or CALPERS, which said yesterday that it would evaluate its investment in Cerberus due to the tragedy. Publicly traded gun makers, including Smith & Wesson (SWHC) and Sturm, Roger & Company (RGR) are falling sharply in mid-morning trading.
News For SWHC;RGR From The Last 14 Days
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July 29, 2014
17:27 EDTRGRSturm, Ruger declares quarterly dividend of 45c per share
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17:26 EDTRGRSturm, Ruger raises share repurchase authorization to $100M from $25M
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17:23 EDTRGRSturm, Ruger reports Q2 EPS $1.12, consensus $1.23
Reports Q2 revenue $153.7M, consensus $168.73M. CEO Michael O. Fifer made the following observations related to the company’s Q2 performance, "Our sales decreased 14% from the 2Q13 due to a reduction in demand for firearms and accessories. Our earnings decreased 31% and our EBITDA decreased 25%, from 2Q13. The main drivers of the reduced operating margins were the reduced sales volume, a product mix shift away from unusually strong sales of higher-margin firearms accessories last year, and increased depreciation expense. New products represented $57.1M or 18% of firearm sales in the first half of 2014."
July 28, 2014
12:35 EDTSWHCSmith & Wesson announces $2M settlement agreement with SEC
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11:14 EDTSWHCSmith & Wesson to pay $2M to settle SEC charges
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