2024-03-10 11:02:29 ET
Summary
- Smith & Wesson has outperformed the S&P 500 and is expected to return a large portion of free cash flow to shareholders.
- Q3 results showed margin improvement and the potential for further improvements in the coming quarters.
- The company's normalized FCF is expected to benefit shareholders, allowing for potential dividend increases and buybacks.
The Smith & Wesson Investment Thesis
I first wrote about Smith & Wesson ( SWBI ) here on Seeking Alpha back in March 2023 , and since then I have written three other articles in which I have rated the stock a Buy. And as you can see in the chart above, Smith & Wesson has far outperformed the S&P 500 ( SPY ), even though the company is still in a period of increased costs....
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For further details see:
Smith & Wesson Stock: Despite The Strong Stock Performance, There Is Still Plenty Of Upside Left