Smith & Wesson - Great Company, Overvalued Stock (SWHC) - Seeking Alpha
Summary Smith & Wesson's management has engineered a great turn-around. S&W has several great products with a high level of popularity in the US consumer gun market. As a company, I love Smith & Wesson. SWHC is overvalued at $16. 70. I'd wait for at least a 25% correction before considering it. In the past month, I've looked into buying a gun for home defense. I've come across Smith & Wesson (NASDAQ: SWHC ) products several times in my search and have been impressed with what they've done as a company. For that reason, I decided SWHC would be an interesting stock to analyze. Of course, in investment, it's important to understand that a good company can be a poor investment. Buying stocks is no different than buying real estate, automobiles, or consumer appliances. If you buy a new Honda Accord for $100,000, you're getting a rotten deal even if it's a great car. Smith & Wesson's stock has had an amazing run over the past several years. Source: seekingalpha.com
