Ruger Stock Tanked today

[ATLcarry]

RGR down 9.89% at close - bought some today and might buy some more at open tomorrow, dividend up to 4.85% but it changes every time unlike most stocks it's 40% of income as defined by Board policy- generally a well run company that CEO does not offer guidance to Wall Street on. They really hate that too so it gets hit hard but actually has nothing do with Sales.

 

[bulletpaluza]

Whats is going for per.share?

 

[righter13]

Smith and wesson got hit hard today too last I looked.

 

[Retread]

Is it cause nobody is buying guns, or is it something else?
I better hurry up and buy that MK3 to match the grips Geezer swapped me.

 

[ATLcarry]

Yep - The best American Gun Salesman ever retires in 2 years and his mojo is fading fast.

SWHC doesn't have the dividend Ruger does.

 

[no clever name]

generally a well run company that CEO does not offer guidance to Wall Street on. They really hate that too so it gets hit hard but actually has nothing do with Sales.

I'm not following you, can you explain what you mean here please.

 

[ATLcarry]

Lots of CEO's/Companies give guidance in Earnings Per Share and pay a steady dividend rate each quarter.

Not Ruger, they apparently don't tell Wall Street much beyond what's required by law and pay 40% of income out as divided as a policy and today was earning day.

It was not good and WS doesn't like surprises.

 

[ATLcarry]

CEO took the good time gun scare money and paid up on a 20 mil underfunded defined benefit pension.

They compete in 3 of the 4 gun segments unlike most manufacturers.