Smith & Wesson Is Packing Heat

摘要

Guns are in play on Wall Street-shares of weapons maker Smith & Wesson Holding (SWHC), that is. Its stock has shot up to 3.70 a share on Mar. 4 from a low of 1.58 on Oct. 28. It traded as high as 7.77 last Apr. 30. S&W is benefiting from a surge in sales of handguns and rifles, partly because of thoughts that gun laws might be tightened by the Obama Administration. And a surge in demand from the U.S. military for both pistols and automatic carbines and rifles is anticipated.