Upon selecting two stocks to compare against the S&P 500 index, Molson Coors Brewing Company (TAP) and Smith and Wesson Holding Corporation (SWHC) were chosen.
Smith & Wesson is one of the largest firearm manufacturing companies in North America. It was founded in 1852 by partners Horace Smith and Daniel B. Wesson. Their first product was a lever-action pistol but since then, their company has grown to manufacture a number of various products. Smith & Wesson products are commonly used by law enforcement, military and everyday consumers. Since the creation of the company, their firearms have been well recognized as safe and high quality.
Since 1852, ownership of the company has changed many times but the most notable change was when Smith & Wesson was acquired by Saf-T-Hammer in 2001. On May 11, 2001 Saf-T-Hammer purchased Smith & Wesson Corp. from their previous owner, Tomkins PLC, for $15 million dollars, which is considerably lower than the $112 million that Tomkins PLC original paid. On February 15, 2002, Smith & Wesson became Smith & Wesson Holding Corporation.
According to Yahoo Finance, the earliest trading date for Smith & Wesson is August 17, 1999.
The Smith & Wesson Holding Corporation stock has an EPS of 1.42 and a P/E ratio of 10.52. Upon running a regression, a coefficient of 0.139 was calculated. This means that if the SWHC stock increases by 1%, the S&P 500 stock will increase by 0.139%.When compared against the S&P 500 index, the SWHC stock has a correlation of 16.3%. This is relatively low. The SWHC stock can explain approximately 16.3% of the variation in the S&P 500. In other words, the stock does not behave the same as the S&P 500 and should not be used to predict the S&P 500. There is about 83.7% of the...
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...ease 0.452%. According to Yahoo Finance, on April 3, 2014 the stock closed at $59.72 and has a 1 year price target of $59.33. This indicates that there is no growth expected over the next year. In other words, this is not expected to be a good one year investment as it will bring little to no return. However, that does not mean the price will not fluctuate over the course of one year. The standard deviation of TAP over the last 5 years has been 1.38%, which is higher than the S&P 500 index. However, it had a lower daily average return (0.050%) over the last five years compared to the index (0.071%). The Molson Coors stock has a higher total risk, and more systematic risk compared to the market (beta = 1.08). The beta is indicates that there it has a slightly higher expected return. Although the 1 year price target is somewhat contradicting to what the beta suggests.
"A Loaded Gun," is a piece by Patrick Radden Keefe, which published on February 11 and 18, 2013 on The New Yorker weekly magazine. This piece revolves around Amy Bishop, a neuroscientist working at the University of Alabama, Huntsville city. On the day of February 12, 2012, at the conference room of the Shelby Center for Science and Technology, Bishop used a 9-mm rifle killed three colleagues and wounded three others. The question is how does a person with a Doctor of Philosophy (Ph. D) from prestigious university of Harvard, with a cozy family-a husband and four children, with no criminal record turn into such a cold-blooded killer? Does Bishop's tenure ended is the main reason that leads to the crime, or because of her "gun accidents" that
The company was founded in Southport, Connecticut in 1949 by Alexander McCormick Sturm and William B. Ruger. In 1969 Sturm, Ruger & Company incorporated under the laws of the state of Delaware. It joined the New York Stock Exchange in 1990.
The stock price is currently 103.31, down from a recent high of 121.50. The P/E ratio is declining at 28 and beta at .67, which is expected to grow closer to 1.0. A recent earnings surprise last December yielded a 15% difference from the lower expectations and the latest earnings reports late last month also surprised investors. Estimates for the 2000 fiscal year are being raised by a large majority of analyst who believe that earnings per share will increase and the stock price will reach close to 150.
WHEN: They were founded in 1949, but the Hermens actually started the company in 1897
Smith & Wesson is a company that extensively uses market concepts. Smith & Wesson utilizes a strong research and development department to satisfy the costumers needs weather it would be civilian, police, and military. Along with Smith & Wesson research and development, they also continue to purchase companies that align with Smith & Wesson diverse products that allow the costumers to continue to purchase a product with the support of the Smith & Wesson brand name and reputation. Smith and Wesson concepts will continue to give the costumer a satisfaction knowing they have just purchased an outstanding product.
The next real step in the evolution of the gun came during the Civil War. Rifles were invented that ...
In Firearms: A Global History to 1700, Kenneth Chase investigates why Europe perfected firearms when the Chinese invented them. Kenneth Chase is an attorney at law who received his PhD in East Asian Languages and Civilizations from Harvard University. He uses primary sources in the form of texts and paintings as well as secondary sources in this monograph to trace the origin and spread of firearms. He also uses these sources to characterize militaries and determine why they used or did not use firearms. Chase dismisses the notion that the discrepancy between Eastern and Western firearms development was the result of cultural aversion. If anything, he argues that Europeans were more averse to firearms due to its association to Satan and a general
My two strengths in the profession of arms are direction and recognition. I am strong in giving directions because I am very detailed and specific in giving orders (KAI-theory). Giving good directions in relation to deliberate leadership will help in providing subordinates a well thought out plan to further develop them into future leaders. My methodical approach discovered in the Team Dimension Profile will also be a great benefit when trying to develop a step by step plan. When I provide directions for a task or plan I try not to assume people already know things especially if it is something new or haven't been discussed in awhile. I also give my subordinates the opportunity to ask questions and ensure they fully understand the task before exiting the conversation. I also believe it is important to recognize your people. Recognizing your people in relation to deliberate leadership will help to motivate and encourage subordinates in their journey as the strive to reach their goals. I have worked hard this past year to put my people in for awards and programs. Recognizing your people shows that you acknowledge and appreciate their contributions to the organization.
Over the previous five years, the return of the ProIndex fund have outperformed the S&P 500 index, as the 5-year-return is nearly 3 times than the benchmark and the annualised return is nearly 2 times than the benchmark. It means ProIndex fund has a significant increase in value within that period. However, the ProIndex Fund has a higher standard deviation which means it is more risk than the S&P 500 index. Especially for the annualised standard deviation, it is approximately 10% higher than the benchmark. The correlation coefficient between the ProIndex and benchmark is about 0.65 which means both two variables are positive changing consistently, but there are still some other factors which have impacts on the relationship between two variables as the correlation is less than 1. Furthermore, the higher beta, 1.0132, which is more than 1 and it may be one of the reasons for high risk as well since it is more sensitive to the market change. It means that the ProIndex fund would increase by 1.0132% if the market increased by 1%.
(Haven 14). After they came up with the idea they made their first revolver. It was a four barrel
The sale of firearms is an incredibly confusing process. Shotguns, rifles, and handguns all have individual registration and guidelines of sale. Althoug...
In turn everything in the present and the future is judged through the stocks as they hold a high importance in industrialized economies showing the healthiness of said countries economy. As investing discourages consumer spending over all decreases, it lead...
Spencer, K. (2012). Yahoo Breakout: A SWOT Analysis. The Motley Fool. Accessed on 5th July,
The sensitivity analysis revealed that Nike was undervalued at a discount rates below 11.17%, when we calculated the WACC our solution was 9.87%. Any estimate below the prescribed discount rate means the stock is undervalued, therefore, it is undervalued and this implies that Nike is a buy stock.
The invention and innovation of small firearms spans throughout the world and throughout multiple centuries. The main inventions during the early phases of small arms development quickly gave way to the next innovation, although they were slow to be adapted to military use due to the cost of their production. As time went on these innovations became more and more stagnant to the point of there being no major innovations in the field for close to two hundred years. However, after this stagnant period, there began another period of advanced innovation in the area of small arms technology. The goal of this essay is to understand and dissect the innovations that occurred during these two periods of advanced innovation and the cultural and historical factors that lead to them.