Smith & Wesson (SWHC), Sturm, Ruger (RGR) Remain Under Pressure
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Emotions Get the Best of Ruthless Gun Investor Amid Newtown Tragedy
December 18, 2012 1:28 PM ESTOne of the first rules in trading and investing is that you should never trade or invest on emotion. In light of the tragic events in Newtown, Connecticut on Friday, however, this is proving hard for some, even the most fierce and cunning of investors.
Cerberus Capital Management, one of the world's leading private equity firm, announced Tuesday that it will be selling its stake in firearms maker Freedom Group, the maker of the Bushmaster rifle used by 20-year old gunman Adam Lanza.... More
Cerberus Founder Feinberg Has Family Ties to Newtown; Seeks to Sell Gun Maker Stake
December 18, 2012 10:26 AM ESTIn an interesting twist on news that private equity firm Cerberus is seeking to sell its stake in firearm maker Freedom Group, it was revealed that Stephen Feinberg's father, Martin Feinberg, lives in Newtown, Connecticut.
Freedom Group owns Bushmaster, which was the gun used by Adam Lanza... More
CL King Downgrades Smith & Wesson Holding (SWHC) to Neutral
December 18, 2012 10:05 AM ESTCL King downgraded Smith & Wesson Holding (NASDAQ: SWHC) from Buy to Neutral.
For an analyst ratings summary and ratings history on Smith & Wesson Holding click here. For more ratings news on Smith & Wesson Holding click here.
Shares of Smith & Wesson Holding closed at $8.66 yesterday, with a 52 week range of $3.83-$11.25.... More
UPDATE: CL King Downgrades Sturm Ruger (RGR) to Neutral
December 18, 2012 10:02 AM EST(Updated - December 18, 2012 10:04 AM EST)
(correction) CL King Downgrades Sturm Ruger (NYSE: RGR) from Strong Buy to Neutral.
For an analyst ratings summary and ratings history on Sturm Ruger... More
Olin (OLN) Falls on Worries About Firearm Unit
December 18, 2012 9:41 AM ESTOlin Corp. (NYSE: OLN) is another company getting caught up in the firearm trade in light of the recent school shootings.
Olin's Winchester segment produces and distributes gauges and calibers of shotgun shells, rimfire and centerfire ammunition for pistols and rifles, reloading components, and... More
Cerberus Looks to Sell Stake in Firearms Maker Freedom Group Following Sandy Hook Tragedy (SWHC) (RGR)
December 18, 2012 8:51 AM ESTSmith & Wesson (Nasdaq: SWHC) and Sturm, Ruger & Co. (NYSE: RGR) shares are on watch Tuesday morning following news of M&A in the firearms segment.
Private equity firm Cerberus Capital is looking to unload is position in firearms maker Freedom Group. Cerberus issued a press release earlier on the session, saying that the move was closely tied to the Sandy Hook Elementary School shooting on December 14th.
Cerberus' statement from the release: "We cannot comprehend the... More
