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marginofdoubt
Feb 27, 2013 6:59 AM

RGR Long

Sturm, Ruger & Company, Inc.NYSE

Description

Potential Long setup here on Ruger. Earnings come out tomorrow. I think the earnings will be slightly above estimates and Q1 will be a blowup surprise to the upside, I'm most interested to see how they guide on this. Q4 only captured a few days of the reactionary buying following the tragic shooting and anti-gun touting. The stock clearly moved up in accordance with the anti-gun rhetoric and panic buying. I think this will keep going until there is some sort of certainty regarding federal regulation.
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