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Reasons to buy Sturm Ruger
Ruger's new releases:
LCP™ - Lightweight Compact Pistol
SR9® - Available in Three Models
22 Charger™ Pistol
NRA Mini-14®
50th Anniversary Bearcat
M77® Ruger Compact Magnum
SP101® Revolver in .327 Federal
4" Redhawk® in .45 Colt
Hawkeye® Rifles in left-handed models
Mark III™ Hunter with Crimson Trace® Lasergrips®
All Weather® Ranch Rifle in 6.8 SPC
Hawkeye® Rifles with Hogue® Stocks
SP101® Revolver with Crimson Trace® Lasergrips®
http://www.ruger-firearms.com/Firearms/N-NewProductInfo.html
All of the above are new and sure to please firearms fans all over. Once the economic crunch is over Ruger will surely regain it's place in the firearms market, one of a great product for very fair price. JMO
RGR Stock Buy Back
Sturm, Ruger & Company, Inc. Announces Repurchase of 1.1 Million Shares of Its Common Stock
Last update: Oct. 6, 2008
SOUTHPORT, Conn., Oct 06, 2008 (BUSINESS WIRE) -- Sturm, Ruger & Company, Inc. (NYSE-RGR), today announced that during the third quarter of 2008 it repurchased 1.1 million shares of its common stock, representing 5.5% of the total shares outstanding at the start of the repurchase program, for $7.4 million in the open market. The average price per share repurchased was $6.50. These repurchases were funded with cash on hand. At the end of the quarter, 19.5 million shares remained outstanding and the Company had approximately $22 million of cash and no debt.
In April 2008, the Company announced that its Board of Directors had authorized the Company to repurchase up to $10 million of its common stock. $2.6 million remains available for share repurchases under this repurchase program.
About Sturm, Ruger
Sturm, Ruger was founded in 1949 and is one of the nation's leading manufacturers of high-quality firearms for the commercial sporting market. Sturm, Ruger is headquartered in Southport, CT, with manufacturing facilities located in Newport, NH and Prescott, AZ.
The Company may, from time to time, make forward-looking statements and projections concerning future expectations. Such statements are based on current expectations and are subject to certain qualifying risks and uncertainties, such as market demand, sales levels of firearms, anticipated castings sales and earnings, the need for external financing for operations or capital expenditures, the results of pending litigation against the Company including lawsuits filed by mayors, attorneys general and other governmental entities and membership organizations, the impact of future firearms control and environmental legislation, and accounting estimates, any one or more of which could cause actual results to differ materially from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to publish revised forward-looking statements to reflect events or circumstances after the date such forward-looking statements are made or to reflect the occurrence of subsequent unanticipated events.
SOURCE: Sturm, Ruger & Company, Inc.
Sturm, Ruger & Company, Inc.
One Lacey Place
Southport, CT 06890
www.ruger.com
203-259-7843
http://www.marketwatch.com/news/story/sturm-ruger--company-inc/story.aspx?guid={EB029E54-DFAE-4A86-81EE-0BC0FBFFB9DD}
Strum Ruger Firearms Rated 10 of 10
by CHAD REIMER
Posted: 12/10/2007
Sports,Recreation & Leisure,Hobbies:
In the beginning of Ruger Arms, it all started in the garage of William B. Ruger, while attempting to copy a captured Nambu pistol, acquired during Ruger’s time in the Pacific theater. During the development of the Ruger pistol, a few minor changes made these pistols the famous Ruger Mark handguns chambered in 22 long rifle. From the 1949 rented machine shop in Southport, Connecticut to 1969 when Ruger stocks became available to the public.
Ruger firearms went from another obscure name to most popular firearms in the USA. Ruger firearms are well known for their rifles, shotguns, revolvers, and pistols. Remarkably the Ruger Arms made it from an experiment to top selling firearms in the USA. When Ruger Arms were on top of the world in the 1970s and 1980s William B. Ruger made probably his most controversial move, proposing an “Assault Weapons Ban,” in what has come to be known as “The Ruger Letter”, William B. Ruger became isolated and criticized by second amendment enthusiast and the company saw a series of boycotts.
After William B. Ruger’s death in 2002 many of the firearms enthusiast returned to the Ruger firearms, seeing the figurehead of the firearms restriction was no longer in power. Despite the fact Ruger Arms still produces only “Post Banned Items” despite the ban’s eclipse firearms enthusiast have the option of high capacity magazines from a wide range of other companies. Despite Ruger firearms gray area stance on firearms, it goes without dispute that Ruger firearms are still the most popular firearms in the USA.
Cosmetically Ruger pistols are comfortable to the hand, built durably, and accurate. Ruger handguns are also over built for rounds like 9mm +P+, in fact Ruger firearms can not only handle the extra pressure, they out preformed many of the most famous brands in a head to head challenge. Aside from being accurate and durable, the price tag is almost half of what most would consider an entry level pistol, Ruger pistols has found their way to even the best shooters in the world, for instance Massad Ayoob.
Even for old west style shooters Ruger has got you covered. The Ruger revolvers all hold true to the quality you have come to expect, as well as the affordability that Ruger Arms has been known for. With a wide range of Ruger revolvers from the “Old Army” black powder revolvers, to the 45 long colt Ruger revolvers, there is a Ruger firearm for all shooters.
In fact some of my first memories of shooting, was an old Ruger 10/22 rifle that my father would take me to plink with, which I still shoot to this day. With the wide range of Ruger firearms I had to opportunity to shoot I can’t say anything bad about any of the experiences I’ve had with any of the fine Ruger produced firearms. Despite my disagreement with “The Ruger Letters”, I would still recommend any of these fine Ruger firearms to a friend or customer. I look forward to seeing what the future hold for Sturm Ruger Arms.
http://www.amazines.com/Hobbies/article_detail.cfm/381022?articleid=381022
Buying Opportunity, JMO.
I'm waiting for a signal, not sure what signal tho. LOL. Made $$ last yr. Hope to again soon. Good company, having some pains. I live 10 minutes away. Lots of local folks work there. Depends on who is elected IMO.
NH
This has turned bad the past couple weeks
Why Buy RGR? After the loss of founder and business giant Bill Ruger, the company went in many new directions trying to fix what didn’t need fixing. I believe they now have the message that while some ideas were good ones, too many and too soon was not the answer. I believe three things will put RGR back into market with strong numbers in the near future.
1- Strum Ruger has seen the results of going where Bill Ruger didn’t want to go, they now know they are in trouble.
2- The economy will adjust to the new stresses that it has endured and once again the public will start buying, especially when companies realize the public has had enough and quits bilking us; in my opinion we are at that point.
3- All three presidential candidates are anti-gun, even McCain; I think once the election heats up, or when is over, and especially if it’s Obama, guns sales will rocket in a panic to load up in case restrictions are reactivated or enacted.
JMO
which means I'm cursed lol
I so wanted cheap shares today :(
Today it is up over a buck.
NH
RGR down after AH filings
Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Company Overview
Sturm, Ruger & Company, Inc. (the "Company") is principally engaged in the design, manufacture, and sale of firearms to domestic customers. Approximately 94% of the Company's total sales for the first quarter of 2008 were firearms sales, and 6% were investment castings sales. Export sales represent less than 5% of total sales. The Company's design and manufacturing operations are located in the United States and substantially all product content is domestic. The Company's firearms are sold through a select number of independent wholesale distributors principally to the commercial sporting market.
The Company manufactures investment castings made from steel alloys for internal use in its firearms and utilizes available investment casting capacity to manufacture and sell castings to outside customers.
Because most of the Company's competitors are not subject to public filing requirements and industry-wide data is generally not available in a timely manner, the Company is unable to compare its performance to other companies or specific current industry trends. Instead, the Company measures itself against its own historical results.
The Company does not consider its overall firearms business to be predictably seasonal; however, sales of many models of firearms are usually lower in the third quarter of the year.
Note: Average unit value for orders received and ending backlog is net of Federal Excise Tax of 10% for handguns and 11% for long guns.
The increase in orders received in the fourth quarter of 2007 and the first quarter of 2008 is primarily attributable to the strong demand for new product introduced in the fourth quarter of 2007 and the first quarter of 2008.
Certain product lines have been on backorder throughout this five-quarter period, including new product introductions and low-volume products that were not in regular production throughout this period.
The decrease in the average sales price of the units in backlog at the end of the first quarter of 2008 is due to the large quantity of new products on the backlog with lower unit sales prices.
Orders for certain models totaling $3.7 million and that are not expected to be fulfilled in the next twelve months have been eliminated from the first quarter 2008 backlog information. These orders were included in the backlog for prior periods.
Production
In the first quarter of 2008, the Company continued to work on the transition from large-scale batch production to lean manufacturing, with an emphasis on setting up manufacturing cells that facilitate flow production and pull systems. Many of the initial single-piece flow cells are in place for assembly and major components manufacturing. The focus now is on establishing single-piece flow cells for new products and for small parts manufacturing. In addition to continuing to set up flow cells, the next phase of the lean transition includes developing pull systems to link the assembly cells, component manufacturing cells, and parts suppliers. There is also considerable, on-going engineering work in process to re-engineer existing product designs for improved manufacturability.
Production rates, which started to increase late in 2007, continued to improve in the first quarter of 2008. This allowed for an 18% increase in production from the fourth quarter of 2007. Also, first quarter 2008 production nearly equaled the production during the first quarter of 2007, when production benefitted from the higher levels of pre-existing work-in-process inventory which allowed the Company to produce more units than its staffing and manufacturing processes would have otherwise allowed.
An increase in firearm unit shipments in near-term future periods is largely dependent on the Company's ability to increase unit production of those models in strong demand.
Inventories
The Company's finished goods inventory levels have declined during the past five quarters, as shipments have approximated or exceeded the Company's manufacturing capacity. Distributor inventory has remained fairly consistent during this period, which may be indicative of relatively strong demand at the retail level.
Sales
Consolidated net sales were $42.5 million for the first quarter of 2008. This represents a decrease of $6.0 million or 12.3% from consolidated net sales of $48.5 million in the comparable prior year period.
Firearms net sales were $40.0 million for the first quarter of 2008. This represents a decrease of $3.7 million or 8.3% from firearm net sales of $43.7 million in the comparable prior year period.
Firearms unit shipments decreased 4.2% for the first quarter of 2008 when compared to the first quarter of 2007 due principally to a 30% decrease in beginning finished goods inventory in 2008 compared to 2007, and production capacity constraints. A shift in product mix toward firearms with lower unit sales prices, including some new products, resulted in the greater percentage decrease in sales than unit shipments.
Casting net sales were $2.5 million for the first quarter of 2008. This represents a decrease of $2.3 million or 48.3% from casting sales of $4.8 million in the comparable prior year period.
The casting sales decrease in the first quarter of 2008 reflects the cessation of titanium casting operations, as previously announced by the Company in July 2006. Titanium casting sales accounted for $2.4 million or 50.0% of casting sales for the first quarter of 2007.
* Performance Gross Margin is a measure of gross margin before taking into account the impact of LIFO and overhead rate adjustments to inventory, and before product liability and product recall expenses.
Performance Gross Margin-- During the first quarter of 2008, performance gross margin improved slightly from the comparable prior year period. This may be attributable in part to the increased rates of production and benefits derived from the aforementioned lean transition. The increase in performance gross margin also reflects higher gross margins for some of the recently introduced new products.
LIFO-- In the first quarter of 2008, gross inventories were reduced by $0.5 million compared to decreases in gross inventories of $16.5 million in the first quarter of 2007. The 2008 inventory reduction resulted in LIFO expense and increased cost of products sold of $0.1 million compared to LIFO income and decreased cost of products sold of $4.4 million in 2007. Inventories are not expected to fluctuate materially during 2008, in contrast to what they did in 2007.
Overhead Rate Change-- In the first quarter of 2008, the change in inventory value resulting from the change in the overhead rate used to absorb overhead expenses into inventory was an increase of $0.5 million. This increase in inventory value resulted in a decrease to cost of products sold.
In the first quarter of 2007, the change in inventory value resulting from the change in the overhead rate used to absorb overhead expenses into inventory was a decrease of $1.4 million. This reduction in inventory value resulted in an increase to cost of products sold.
Product Liability--During the first quarter of 2008, the Company incurred product liability expense of $0.2 million, which includes the cost of outside legal fees, insurance, and other expenses incurred in the management and defense of product liability matters. For the comparable 2007 period, product liability expenses totaled $0.4 million.
Product Recall--In April 2008, the Company announced that it determined that Ruger SR9 pistols manufactured between October 2007 and April 2008 can, under certain conditions, fire if dropped with their manual safeties in the "off" or "fire" position and a round in the chamber. The Company will retrofit all Ruger SR9 pistols with serial number prefix "330" (330-xxxxx) at no charge to the firearm owners. The estimated cost of this retrofit program of approximately $1.2 million was recorded in the first quarter of 2008. This program is expected to be in effect for several years. The Company reversed $0.7 million of sales in anticipation of distributor returns.
Gross Margin--Gross margin was $10.7 million or 25.1% of sales in the first quarter of 2008. This is a decrease of $4.9 million or 31.5% from the first quarter of 2007 gross margin of $15.6 million or 32.1% of sales.
Selling, General and Administrative
Selling, general and administrative expenses were $8.3 million in the first quarter of 2008. This represents an increase of $0.6 million from selling, general and administrative expenses of $7.7 million in the first quarter of 2007. The increase reflects a retail co-op advertising program that was introduced on January 1, 2008 and increased promotional and advertising expenses, many of which related to new products.
Severance expense of $0.7 million was recorded in the first quarter of 2008. This expense relates to one former executive and one current executive who will leave the Company effective May 1, 2008. In the first quarter of 2007, severance expense was $1.0 million, primarily related to a voluntary reduction in force during that quarter.
Gain on Sale of Real Estate
In the first quarter of 2007, the Company recorded a $5.2 million gain on sale of largely undeveloped non-manufacturing real property held for investment. No real estate sales were made in the first quarter of 2008. The Company has two properties in Connecticut and one property in New Hampshire listed for sale. The timing on when these properties will sell is very uncertain due to the weak real estate markets and tight credit environment.
Interest income
Interest income was $0.2 million in the first quarter of 2008. This represents a decrease of $0.2 million from interest income of $0.4 million in the first quarter of 2007. The decrease is attributable to decreased principal invested in 2008 compared to 2007 and lower interest rates.
Income Taxes and Net Income
The effective income tax rates in the first quarter of 2008 and 2007 were 38.0% and 40.1%, respectively.
As a result of the foregoing factors, consolidated net income was $1.5 million in the first quarter of 2008. This represents a decrease of $6.6 million from consolidated net income of $8.1 million in the first quarter of 2007.
Financial Condition
Operations
At March 29, 2008, the Company had cash, cash equivalents and short-term investments of $34.2 million. The Company's pre-LIFO working capital of $98.9 million, less the LIFO reserve of $47.0 million, resulted in working capital of $51.9 million and a current ratio of 3.2 to 1.
Cash provided by operating activities was $0.6 million and $18.1 million for the first quarter of 2008 and 2007, respectively. The decrease in cash provided in 2008 compared to 2007 is principally attributable to the significant reduction in gross inventory in 2007.
Third parties supply the Company with various raw materials for its firearms and castings, such as fabricated steel components, walnut, birch, beech, maple and laminated lumber for rifle and shotgun stocks, wax, ceramic material, metal alloys, various synthetic products and other component parts. There is a limited supply of these materials in the marketplace at any given time, which can cause the purchase prices to vary based upon numerous market factors. The Company believes that it has adequate quantities of raw materials in inventory to provide ample time to locate and obtain additional items at then-current market cost without interruption of its manufacturing operations. However, if market conditions result in a significant prolonged inflation of certain prices or if adequate quantities of raw materials can not be obtained, the Company's manufacturing processes could be interrupted and the Company's financial condition or results of operations could be materially adversely affected.
Investing and Financing
Capital expenditures for the first quarter of 2008 totaled $1.9 million. For the past two years, capital expenditures averaged approximately $1.0 million per quarter. In 2008, the Company expects to spend approximately $5 million to $6 million on capital expenditures to purchase tooling for new product introductions and to upgrade and modernize manufacturing equipment, primarily at the Newport Firearms and Pine Tree Castings Divisions. The Company finances, and intends to continue to finance, all of these activities with funds provided by operations and current cash and short-term investments.
In January 2007, the Company announced that its Board of Directors authorized a stock repurchase program. During the fourth quarter of 2007, the Company repurchased 2,216,000 shares of its common stock, representing 9.7% of the then-outstanding shares, in the open market at an average price of $8.99 per share. These purchases were made with cash held by the Company and no debt was incurred.
There were no dividends paid in the first quarter of 2008. The payment of future dividends depends on many factors, including internal estimates of future performance, then-current cash and short-term investments, and the Company's need for funds. The Company does not expect to pay dividends in the near term.
In March 2007, the Company sold 42 parcels of non-manufacturing real property for $7.3 million to William B. Ruger, Jr., the Company's former Chief Executive Officer and Chairman of the Board. The sale included substantially all of the Company's raw land real property assets in New Hampshire. The sales price was based upon an independent appraisal, and the Company recognized a gain of $5.2 million on the sale.
In April 2007, the Company sold a non-manufacturing facility in Arizona for $5.0 million. This facility had not been used in the Company's operations for several years. The Company realized a gain of approximately $1.5 million from this sale.
In the third quarter of 2007, the Company amended its hourly and salaried defined benefit pension plans so that employees no longer accrue benefits under them effective December 31, 2007. This action "freezes" the benefits for all employees and prevents future hires from joining the plans, effective December
31, 2007. Starting January 1, 2008, the Company provides supplemental discretionary contributions to substantially all employees' individual 401(k) accounts. Costs attributable to the discretionary supplemental 401(k) Plan totaled $0.4 million in the first quarter of 2008. The Company plans to contribute an additional $1.1 million to the 401(k) plan during the remainder of 2008.
In late 2007, after authorizing the "freeze" amendment to its hourly and salaried defined benefit pension plans, the Company contributed an additional $5 million to these plans. The intent of this discretionary contribution was to reduce the amount of time that the Company will be required to continue to operate the frozen plans. The ongoing cost of running the plans (even if frozen) is approximately $0.2 million per year, which includes PBGC premiums, actuary and audit fees, and other expenses.
In 2008 and future years, the Company may be required to make cash contributions to the two defined benefit pension plans according to the new rules of the Pension Protection Act of 2006. The annual contributions will be based on the amount of the unfunded plan liabilities derived from the frozen benefits and will not include liabilities for any future accrued benefits for any new or existing participants. The total amount of these future cash contributions will be dependent on the investment returns generated by the plans' assets and the then-applicable discount rates used to calculate the plans' liabilities.
There is no minimum required cash contribution for the defined benefit plans for 2008. However, the Company expects to contribute $0.5 million to the defined benefit plans in 2008. The intent of this discretionary contribution in 2008 is to reduce the amount of time that the Company will continue to incur costs to operate the frozen plans.
The total annual cash outlays for retirement benefits, which include the continuing funding of the two defined benefit pension plans and the new supplemental discretionary 401(k) contributions, are expected to be comparable to the previous retirement funding levels.
In February 2008, the Company made lump sum benefit payments to two participants in its only non-qualified defined benefit plan, the Supplemental Executive Retirement Plan. These payments, which totaled $2.1 million, represented the actuarial present value of the participants' accrued benefit as of the date of payment. Only one, retired participant remains in this plan.
Firearms Litigation
As of March 29, 2008, the Company is a defendant in approximately 5 lawsuits involving its products and is aware of certain other such claims. These lawsuits and claims fall into two categories:
(iii) those that claim damages from the Company related to allegedly defective product design which stem from a specific incident. Pending lawsuits and claims are based principally on the theory of "strict liability" but also may be based on negligence, breach of warranty, and other legal theories; and
(iv) those brought by cities or other governmental entities, and individuals against firearms manufacturers, distributors and dealers seeking to recover damages allegedly arising out of the misuse of firearms by third parties in the commission of homicides, suicides and other shootings involving juveniles and adults. The complaints by municipalities seek damages, among other things, for the costs of medical care, police and emergency services, public health services, and the maintenance of courts, prisons, and other services. In certain instances, the plaintiffs seek to recover for decreases in property values and loss of business within the city due to criminal violence. In addition, nuisance abatement and/or injunctive relief is sought to change the design, manufacture, marketing and distribution practices of the various defendants. These suits allege, among other claims, strict liability or negligence in the design of products, public nuisance, negligent entrustment, negligent distribution, deceptive or fraudulent advertising, violation of consumer protection statutes and conspiracy or concert of action theories. Most of these cases do not allege a specific injury to a specific individual as a result of the misuse or use of any of the Company's products.
The Company has expended significant amounts of financial resources and management time in connection with product liability litigation. Management believes that, in every case involving firearms, the allegations are unfounded, and that the shootings and any results therefrom were due to negligence or misuse of the firearms by third-parties or the claimant, and that there should be no recovery against the Company. Defenses further exist to the suits brought by governmental entities based, among other reasons, on established state law precluding recovery for essential government services, the remoteness of the claims, the types of damages sought to be recovered, and limitations on the extraterritorial authority which may be exerted by a city, municipality, county or state under state and federal law, including State and Federal Constitutions.
The only case against the Company alleging liability for criminal shootings by third-parties to ever be permitted to go before a constitutional jury, Hamilton, et al. v. Accu-tek, et al., resulted in a defense verdict in favor of the Company on February 11, 1999. In that case, numerous firearms manufacturers and distributors had been sued, alleging damages as a result of alleged negligent sales practices and "industry-wide" liability. The Company and its marketing and distribution practices were exonerated from any claims of negligence in each of the seven cases decided by the jury. In subsequent proceedings involving other defendants, the New York Court of Appeals as a matter of law confirmed that 1) no legal duty existed under the circumstances to prevent or investigate criminal misuses of a manufacturer's lawfully made products; and 2) liability of firearms manufacturers could not be apportioned under a market share theory. More recently, the New York Court of Appeals on October 21, 2003 declined to hear the appeal from the decision of the New York Supreme Court, Appellate Division, affirming the dismissal of New York Attorney General Eliot Spitzer's public nuisance suit against the Company and other manufacturers and distributors of firearms. In its decision, the Appellate Division relied heavily on Hamilton in concluding that it was "legally inappropriate," "impractical," "unrealistic" and "unfair" to attempt to hold firearms manufacturers responsible under theories of public nuisance for the criminal acts of others.
Of the lawsuits brought by municipalities, counties or a state Attorney General, twenty have been concluded: Atlanta - dismissal by intermediate Appellate Court, no further appeal; Bridgeport - dismissal affirmed by Connecticut Supreme Court; County of Camden - dismissal affirmed by U.S. Third Circuit Court of Appeals; Miami - dismissal affirmed by intermediate appellate court, Florida Supreme Court declined review; New Orleans - dismissed by Louisiana Supreme Court, United States Supreme Court declined review; Philadelphia - U.S. Third Circuit Court of Appeals affirmed dismissal, no further appeal; Wilmington - dismissed by trial court, no appeal; Boston - voluntary dismissal with prejudice by the City at the close of fact discovery; Cincinnati - voluntarily withdrawn after a unanimous vote of the city council; Detroit - dismissed by Michigan Court of Appeals, no appeal; Wayne County - dismissed by Michigan Court of Appeals, no appeal; New York State - Court of Appeals denied plaintiff's petition for leave to appeal the Intermediate Appellate Court's dismissal, no further appeal; Newark - Superior Court of New Jersey Law Division for Essex County dismissed the case with prejudice; City of Camden - dismissed on July 7, 2003, not reopened; Jersey City - voluntarily dismissed and not re-filed; St. Louis - Missouri Supreme Court denied plaintiffs' motion to appeal Missouri Appellate Court's affirmation of dismissal; Chicago - Illinois Supreme Court affirmed trial court's dismissal; and Los Angeles City, Los Angeles County, San Francisco - Appellate Court affirmed summary judgment in favor of defendants, no further appeal; and Cleveland - dismissed on January 24, 2006 for lack of prosecution.
The dismissal of the Washington, D.C. municipal lawsuit was sustained on appeal, but individual plaintiffs were permitted to proceed to discovery and attempt to identify the manufacturers of the firearms used in their shootings as "machine guns" under the city's "strict liability" law. On April 21, 2005, the D.C. Court of Appeals, in an en banc hearing, unanimously dismissed all negligence and public nuisance claims, but let stand individual claims based upon a Washington, D.C. act imposing "strict liability" for manufacturers of "machine guns." Based on present information, none of the Company's products has been identified with any of the criminal assaults which form the basis of the
individual claims. The writ of certiorari to the United States Supreme Court regarding the constitutionality of the Washington, D.C. act was denied and the case was remanded to the trial court for further proceedings. The defendants subsequently moved to dismiss the case based upon the Protection of Lawful Commerce in Arms Act, which motion was granted on May 22, 2006. The individual plaintiffs and the District of Columbia, which has subrogation claims in regard to the individual plaintiffs, appealed. On January 10, 2008, the District of Columbia Court of Appeals unanimously upheld the dismissal. On February 22, . . .
CEO said he expected tough times for a couple years I think. It was less than a yr ago. GREAT company, some tough times, new CEO, lots of things have changed. I will buy when I see it UTing. I was in an out last yr a couple times, made a few bucks, good company, great products.
NH
Hi ONEBGG
thinking of taking a position of RGR after the 10q comes out
hope you're doing well!
Press Release Source: Sturm, Ruger & Company, Inc.
Sturm, Ruger & Company, Inc. to Report First Quarter 2008 Results and File Quarterly Report on Form 10-Q on Tuesday, April 22
Monday April 21, 5:05 pm ET
SOUTHPORT, Conn.--(BUSINESS WIRE)--Sturm, Ruger & Company, Inc. (NYSE-RGR) will file its Quarterly Report on Form 10-Q for the first quarter of 2008 on Tuesday, April 22, 2008, after the close of the stock market. The Form 10-Q will be available on the SEC website at www.sec.gov and the Ruger website at www.ruger.com/corporate/ as soon as practicable after the filing. Concurrent with the posting of the Form 10-Q, an earnings release containing only the financial statements as of and for the quarter ended March 29, 2008 will be issued. However, we urge investors to read our complete Form 10-Q in order to have adequate information to make informed investment judgments.
About Sturm, Ruger
Sturm, Ruger was founded in 1949 and is one of the nation’s leading manufacturers of high-quality firearms for the commercial sporting market. Sturm, Ruger is headquartered in Southport, CT, with manufacturing facilities located in Newport, NH and Prescott, AZ.
I think Ruger would do well to get out of the new cartridge market and stick with guns and casting, JMO.
Didn't they say RGR was not going to be profiable for 4-5 yrs? That would keep me on the side watching. I live nearby, it is a great company, good employer, but many changes, some have happened, many more MUST come IMO. They have sold lots of the land they "acquired" under the old man and Jr, no reason to be in the land business, they are in GUN business I thought. They/he/company bought lots of the land around Corbin's Park, a "private" hunting preserve that they were big holders of. In the last yr, Jr has bought some of the land back from the company, I see the land transfers in the paper. Hopefully this will free up cash for the company to use to grow profitable.
Again, I agree if the Dems get power, guns will sell big time IMO, I know I will be a buyer of guns/ammo, it may get scarce if the Dems have their way.
NH
woohoo! great minds think alike! lol
http://investorshub.advfn.com/boards/read_msg.asp?Message_id=25607039&txt2find=2008
oh I've got some work to do but check out this board too:
http://investorshub.advfn.com/boards/board.asp?board_id=11555
Chocolate was in such hi demand this year, so much so that even Santa didn't get any; not even some fudge!
I look forward to your post, I think think 2008 will be a big gun year, especially id the democrats get, there will be a lot of panic buying.
Now, On To Your Post
thanks santababy!
I think gun plays will do well in 2008 JMO and I'm going to watch this one next week to see if it goes any lower (the Jewish side of me wants cheaper!)
I posted some info about both RGR and SWHC on the panic board as well:
http://investorshub.advfn.com/boards/board.asp?board_id=10093
Have a great weekend
P.S. You didn't put any of that dark chocolate Godiva in my stocking like I wanted! lol
Hello There! I'm wondering myself. A lot of loyal stock holders are not happy with the new direction and some of the new additions. Myself? I think the company will do fine, but a lot stocks will be shaky until we know who the next president is going to be, we also have had some other worldy problems, this all adds up to unstable market, JMO.
Hey there big santa!
what do you make of what happened here the last month?
sunk to 52 week low, had a nice bounce and sank again!
I can do some DD but being a little lazy lol
At my age, NOTHING scares me away, unless it is my wife. LOL
And that scare you away? HARR!!!
Thot I had seen you before, I looked at your profile. LOL
NH
Thanks for the post and your opinion.
I think they are still in a transitional stage since the death Bill Ruger. I believe some are still a bit weary of the companies adherence to Bill's business model, especially since some changes came rather quickly; which in my view were good changes.
I envy your location, and not just because you are to close to one of my all-time favorite handgun manufactures. I live in Oregon where gun rights are eroding rather quickly, this state and especially the city of Portland has been taken over by the anti-gun, anti-freedom far-left liberals.
IMO, this company has been poorly run since ole man Ruger passed away. His son was the boss for a few years, he did not do the company any favors, he has now retired also. I live nearby so I hear ALL kinds of things, some good, some not, and he is also ill. The new guy is new, give him a chance, it will comeback in my opinion, but not quickly.
NH
What is up with this one...dropping so fast and not that good a reason??
I have been here awhile.
I live 10 miles from the plant.
NH
Thanks Newhamamsha & welcome To The Board!
RGR andd SWHC are both rated a buy by Vector Vest.
Company Open Close Change % Change Volume AvgVol High Low Value Stop Rec
RGR $18.40 $18.57 $0.38 2.09 353,000 445,100 $18.72 $18.11 $18.64 $16.87 Buy
RV (Relative Value) 1.46 P/E (Price to Earnings Ratio) 26.53
RS (Relative Safety) 1.05 DIV (Dividend Paid) 0.00
RT (Relative Timing) 1.06 DY (Dividend Yield) 0.00
VST (VST Vector) 1.19 YSG (Yield Safety Growth Vector) 0.00
GRT (Growth Rate) 36.00 Sales (Yearly Sales - $Millions) $175.00
EPS (Earnings Per Share) $0.70 Mkt Cap (Market Capitalization - $Millions) $421.00
EY (Earnings Yield) 3.79 CI (Comfort Index) 1.83
Smith&Wesson(SWHC) Pricing as of 8/29/2007 NASDAQ - (xO)
Company Open Close Change % Change Volume AvgVol High Low Value Stop Rec
SWHC $19.10 $20.01 $0.88 4.60 219,119 795,200 $20.04 $19.10 $21.96 $17.85 Buy
RV (Relative Value) 1.44 P/E (Price to Earnings Ratio) 26.33
RS (Relative Safety) 1.06 DIV (Dividend Paid) 0.00
RT (Relative Timing) 1.30 DY (Dividend Yield) 0.00
VST (VST Vector) 1.27 YSG (Yield Safety Growth Vector) 0.00
GRT (Growth Rate) 31.00 Sales (Yearly Sales - $Millions) $236.00
EPS (Earnings Per Share) $0.76 Mkt Cap (Market Capitalization - $Millions) $798.00
EY (Earnings Yield) 3.80 CI (Comfort Index) 1.64
Not much activity, but hopefully the stock will continue up. I just bot last week at almost bottom, so I am very happy so far. I missed the big run earlier in the year, stupid mistake, and I live 10 miles from factory.
NH
Nice Ruger place here. I'll be checking this out from time to time..I own a ton of these guns.
I just like the products! :)
I use Vector Vest, they have SWHC as a buy, was thinking of getting some. I take it you are a gun person, so am I .
J,
I am long too, but I bot at almost bottom last week. I missed the big run earlier. Are you from around Here? What got you interested in RGR?
Jim
I bought some a while back along with SWHC. I was shocked with the big sell off last week but I think it will be fine. I am long anyway, especially with the dividend.
JRyan,
Howdy from NH. I just bot some today, it is up 3 bucks since I bot. Good job, now if it will go back to 22. Do you know this company?
NH
Well nothing posted in 2 years and this stock is active now, it was my pride until yesterday . CEO sells 125K shares? Ouch
Hey Janiel,
Thanks for the comments on adding the thread. I agree that RGR has one ugly chart but sometimes the ugly ducklings can turn into swans. Glad to see RGR had a little up day on friday.
I was surprised and happy to find this new thread. I just recently added RGR to my watchlist. I noticed it first of all for the dividend, but went immediately to my dad and brothers who own a cazillion guns to get their thoughts It seems this company has put out some real beauties in the past few months and from what I've read lately, I think that this could improve sales quite a bit. Of course, being the trader
that I am, I don't want to just buy, I want to see a stop in
the bloodletting. That is one ugly chart....
Janie
U.S. Army Awards Sturm, Ruger & Co., Inc.
Contract for 5,000 Pistols
December 23, 2004 - Read this Article
Company reached its 52 week low today. Has 26,911,000 shares out. Anyone invested in RGR and thoughts about this companies stock price bouncing north in the near future. Company rarely puts out any news accourding to members that post on AOL boards. You may have to go to the company Website to read any news or company updates. I am looking for bargain blue chip stocks that have good fundamentals. RGR seems to have good fundamentals and the price today was at its 52 week low. Please do your own research whether or not you may think this is a good long term investment or not.
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