Tag Archives: NICS data

Closing Our Our SWHC Short Idea With a 10.6% Return

October 28, 2009 – 4:02 pm

We are closing out our short idea in Smith and Wesson.  We are also removing the SWHC short position from our PAA Research SMid Cap portfolio.  Even though we think consensus estimates remain too high in light of building inventory in the gun dealer channel, we think the current stock price reflects the fundamental downside scenario.  [...]

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The June NICS Background Checks Are In – Another Sequential Month to Month Decline

July 16, 2009 – 11:54 am

The June data for the number of background checks conducted under the National Instant Criminal Background Check System (NICS) was released this morning. Overall, the total number of background checks increased 18.1% on a YOY basis, but declined 5.4% from May to 968,145. The overall number of background checks is at the [...]

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