Posted on 05/30/2009 5:41:17 AM PDT by FromLori
Edited on 05/30/2009 6:03:18 AM PDT by Admin Moderator. [history]
President Obama's nomination of federal appeals court Judge Sonia Sotomayor to replace retiring Supreme Court Justice David Souter heralds yet another victory for gun-makers. Yes, you read that right.
Let me explain.
While most investors have been rightly focused on the crisis in the markets and economy lately, some Americans have been focusing on other political issues, namely the Second Amendment.
(Excerpt) Read more at blogs.moneycentral.msn.com ...
I’m curious why Smith and Wesson has a negative PE. Can someone explain that?
bump
Correct me if I'm wrong, but I think S&W is owned by the same parent corporation that owns (or used to own) Chrysler. Bushmaster & Remington are in the same boat, IIRC.
When it comes to Remington & Bushmaster products, I definitely prefer ArmaLite...
;>)
(And Savage... ;>)
Negative PEs are bc of losses, either because of ongoing operations, or one time charges, or both.
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