2024-01-30 16:17:33 ET
Summary
- Sturm, Ruger & Company, Inc. stock plunged after disappointing third quarter results and a reduction in the quarterly dividend payout.
- This company operates in the firearms and castings business divisions, designing and manufacturing firearms under the Ruger name.
- Analysts project a rebound in earnings for FY2024, but I think I prefer competitor Smith & Wesson Brands, Inc. currently.
- An analysis around Sturm, Ruger & Company follows in the paragraphs below.
It's all mirror, mirror on the wall because beauty is power the same way money is power the same way a gun is power .”? Chuck Palahniuk.
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For further details see:
Sizing Up Sturm, Ruger & Company: Why I Prefer Smith & Wesson