Cabela’s profit tops expectations
July 31, 2009
CHICAGO, July 30 (Reuters) – Outdoor gear retailer Cabela’s Inc (CAB.N) posted a bigger-than-expected 25 percent increase in quarterly profit, helped by cost-cuts and demand for hunting equipment, sending its shares to their highest in almost two years.
The company also raised its 2009 revenue outlook and said earnings for the year could top last year’s earnings.
“These guys had what appears to be a fantastic quarter,” Feltl and Co analyst Mark Smith said, citing strength across all segments, especially the hunting equipment category, and better-than-expected results within the credit card business.
“The fact that they’re talking about ‘if this momentum continues we’ll see earnings growth’ is very good news for investors,” added Smith, who has a “buy” rating on the stock.
Cabela’s sells gear and apparel for fishing, hunting and other outdoor activities in stores, through its catalog and on the Web. In recent quarters, sales of firearms and ammunition have given results a boost, but charge-offs at its financial services arm have cut into profit.
Outdoor Channel Holdings to Host 2009 Second Quarter Conference Call on August 4
July 30, 2009
| TEMECULA, Calif., July 29 /PRNewswire-FirstCall/ — Outdoor Channel Holdings, Inc. (Nasdaq: OUTD) today announced that management will host its regular quarterly investor conference call at 2 p.m. PDT (5 p.m. EDT) on Tuesday, August 4, 2009, to review the financial results for its 2009 second quarter ended June 30, 2009.
Investment professionals are invited to participate in the live call by dialing 866-713-8310 (domestic) or 617-597-5308 (international) and using participant passcode 95894795. The call will be open to all other interested parties through a live, listen-only audio Internet broadcast in the Investor Relations section of the company’s Web site, www.outdoorchannel.com. For those who are not available to listen to the live broadcast, the call will be archived online for one year. A telephonic playback of the conference call also will be available through Tuesday, August 11, 2009, by calling 888-286-8010 (domestic) or 617-801-6888 (international) and using participant passcode 57390283. |
Sturm, Ruger & Company, Inc. Reports Second Quarter Earnings of 46¢ Per Share and Declares Dividend of 12.3¢ Per Share
July 30, 2009
July 29, 2009
Sturm, Ruger & Company, Inc. (NYSE-RGR) announced today that for the second quarter of 2009, the Company reported net sales of $72.4 million and earnings of 46¢ per share, compared with sales of $38.7 million and earnings of 5¢ per share in the second quarter of 2008.
For the six months ended July 4, 2009, net sales were $135.9 million and earnings were 76¢ per share. For the corresponding period in 2008, net sales were $81.2 million and earnings were 12¢ per share.
The Company also announced today that its Board of Directors declared a dividend of 12.3¢ per share for the second quarter, for shareholders of record as of August 14, 2009, payable on August 28, 2009. The amount of the dividend was based on a percentage of Operating Profit after adjustment for certain items, the same approach used by the Company last quarter when it declared its first dividend in over three years. Under this approach, the amount of the quarterly dividend fluctuates directly with certain operating results of the Company.
S&W earns both “Rifle and Manufacturer of the year”
July 29, 2009
SPRINGFIELD, Massachusetts— Smith & Wesson Corp., announced today that it has received top awards in two categories from the Shooting Industry Academy of Excellence. Smith & Wesson was named the “Manufacturer of the Year” and also received the “Rifle of the Year” award for the company’s M&P15 MOE (Magpul Original Equipment) tactical rifle.
Scientists to investigate wind power impacts on migratory wildlife
July 29, 2009
Racine, WI & Ithaca, NY -Thirty top wildlife scientists have announced agreement on some of the highest research priorities to help America’s rapidly growing wind energy industry produce much-needed alternative energy-while also providing safe passage for birds and bats. This coalition of scientists from industry, government, nongovernmental organizations, and universities met recently in Racine, Wisconsin, to address unanswered questions about how continued wind energy development will affect migrating birds and bats. The meeting was hosted by the Cornell Lab of Ornithology, the American Bird Conservancy, and The Johnson Foundation at Wingspread.
“We see great potential in wind energy for addressing global climate change and reducing America’s reliance on fossil fuels,” said Dr. Michael Fry of the American Bird Conservancy. “It’s critical we act now to understand the interactions between wind energy installations and birds and bats.”
“What are you buying”?
July 28, 2009
A friend sent me this email today……
I called my stockbroker today and asked, “What are you buying”?
His answer: “Canned goods and ammunition”.
Smith and Wesson on CNBC
July 25, 2009
A solar powered treestand…..
July 20, 2009
Yes I had a dream.
No wait, actually I was thinking of powering my house with solar energy. But as I was dreaming of going off the electrical grid, I drifted off to a paradise hunting club with solar powered everything. Since I live in Georgia where its almost to hot to hunt half the season, I was dreaming of an air conditioned treestand. An aerial penthouse built for observational comfort while waiting for the perfect moment to showcase my extreme marksmanship…….. hey, am I still dreaming…..???
- solar powered treestand
OK back to business.
Investing in solar power, at home…
July 19, 2009
While surfing my favorite hunting forum I saw an advertisement for “Power 4 Home” Being the tool that I am, I clicked on the advertisement for the owners of the hunting forum.
The web site I was directed to was http://www.power4home.com
It was very intresting to read and I actually wanted to wip out my credit card and order the info package. But I figure I’ll do some research first. We have this thing called the internet, I think a guy named Al Gore invented it….. We can find out everything we ever wanted on the internet. So its time to start looking for some DIY power…..Solar and wind for the home that I can do myself.
Not only can we power up our own power plants, we can invest in those companies that make up the alternative energy needs that we need.
So I’ll be looking for not only ways to power my own power, I’ll be looking for opertunities to power up my 401K
ONE-THIRD OF U.S. HOUSEHOLDS WITH KIDS GO CAMPING
July 8, 2009
Last week I was talking about investing in things you know, like your hunting equipment. Well I read this news release from Bass Pro about families with kids that go camping. The outdoor market has alot of companies who share our passion for the great outdoors. Some people know that the fishing and camping industry offers alot more to the investor then the hunting market. Can you name one of the biggest companies you can think of when it comes to camping gear?
Was is Colmen? Can you name some of the biggest retailors who sell the gear? Wal-Mart or Bass Pro maybe. Check out the press release from Bass Pro below. As an investor, you make find it intresting. I did and maybe we can look further into the manufacturing and retail sides of camping
Media Release
Sportsman’s Park Center
2500 East Kearney – Springfield, MO 65898 – 417-873-5000
ONE-THIRD OF U.S. HOUSEHOLDS WITH KIDS
GO CAMPING
Camping Is Cost Effective Vacation
During Tough Economic Times
SPRINGFIELD, Mo. (June 29, 2009) – With the camping experience seeing a rise in popularity, consumers want functional, durable equipment to make their time outdoors more enjoyable. The experts at Bass Pro Shops, America’s favorite outdoor store, have selected their favorite new products of 2009 that will help make every camping trip or backyard getaway a great success.
“Our customers have told us that they may have to cut back in some areas of their lives to get through the current economic downturn but they are still going to find ways to go camping, fishing, hiking and enjoy other outdoor activities,” said Larry Whiteley host of the internationally syndicated Bass Pro Shops Outdoor World Radio. “The outdoors is an affordable escape from the pressures of today’s world .”
