Intrinsic value of Sturm Ruger - RGR

Previous Close

$53.90

  Intrinsic Value

$285.71

stock screener

  Rating & Target

str. buy

+430%

Previous close

$53.90

 
Intrinsic value

$285.71

 
Up/down potential

+430%

 
Rating

str. buy

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of RGR stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  20.51
  20.50
  18.95
  17.56
  16.30
  15.17
  14.15
  13.24
  12.41
  11.67
  11.01
  10.40
  9.86
  9.38
  8.94
  8.55
  8.19
  7.87
  7.58
  7.33
  7.09
  6.88
  6.70
  6.53
  6.37
  6.24
  6.11
  6.00
  5.90
  5.81
  5.73
Revenue, $m
  664
  800
  952
  1,119
  1,301
  1,499
  1,711
  1,937
  2,178
  2,432
  2,699
  2,980
  3,274
  3,581
  3,901
  4,235
  4,582
  4,942
  5,317
  5,707
  6,112
  6,532
  6,970
  7,425
  7,898
  8,390
  8,903
  9,438
  9,995
  10,575
  11,181
Variable operating expenses, $m
 
  517
  615
  723
  841
  968
  1,105
  1,251
  1,407
  1,571
  1,744
  1,925
  2,115
  2,313
  2,520
  2,736
  2,960
  3,193
  3,435
  3,687
  3,948
  4,220
  4,502
  4,796
  5,102
  5,420
  5,752
  6,097
  6,456
  6,832
  7,223
Fixed operating expenses, $m
 
  107
  109
  112
  115
  118
  121
  124
  127
  130
  133
  136
  140
  143
  147
  151
  154
  158
  162
  166
  170
  175
  179
  184
  188
  193
  198
  203
  208
  213
  218
Total operating expenses, $m
  530
  624
  724
  835
  956
  1,086
  1,226
  1,375
  1,534
  1,701
  1,877
  2,061
  2,255
  2,456
  2,667
  2,887
  3,114
  3,351
  3,597
  3,853
  4,118
  4,395
  4,681
  4,980
  5,290
  5,613
  5,950
  6,300
  6,664
  7,045
  7,441
Operating income, $m
  134
  177
  228
  284
  346
  413
  485
  562
  644
  731
  822
  919
  1,019
  1,124
  1,234
  1,348
  1,468
  1,591
  1,720
  1,854
  1,993
  2,138
  2,288
  2,445
  2,608
  2,777
  2,954
  3,138
  3,330
  3,531
  3,740
EBITDA, $m
  169
  202
  258
  320
  387
  461
  540
  624
  714
  809
  909
  1,014
  1,124
  1,239
  1,359
  1,484
  1,614
  1,749
  1,890
  2,037
  2,189
  2,347
  2,511
  2,682
  2,860
  3,046
  3,239
  3,440
  3,650
  3,869
  4,098
Interest expense (income), $m
  0
  0
  1
  1
  2
  3
  4
  4
  5
  6
  8
  9
  10
  11
  12
  14
  15
  17
  18
  20
  22
  23
  25
  27
  29
  31
  33
  35
  38
  40
  42
Earnings before tax, $m
  136
  177
  227
  283
  344
  410
  481
  558
  639
  724
  815
  910
  1,009
  1,113
  1,222
  1,335
  1,452
  1,575
  1,702
  1,834
  1,972
  2,114
  2,263
  2,418
  2,579
  2,746
  2,921
  3,103
  3,293
  3,491
  3,698
Tax expense, $m
  49
  48
  61
  76
  93
  111
  130
  151
  172
  196
  220
  246
  273
  301
  330
  360
  392
  425
  459
  495
  532
  571
  611
  653
  696
  742
  789
  838
  889
  943
  998
Net income, $m
  87
  129
  166
  206
  251
  299
  351
  407
  466
  529
  595
  664
  737
  813
  892
  974
  1,060
  1,149
  1,242
  1,339
  1,439
  1,544
  1,652
  1,765
  1,883
  2,005
  2,132
  2,265
  2,404
  2,548
  2,699

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  87
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  347
  313
  373
  438
  509
  587
  670
  758
  853
  952
  1,057
  1,167
  1,282
  1,402
  1,528
  1,658
  1,794
  1,935
  2,082
  2,234
  2,393
  2,558
  2,729
  2,907
  3,092
  3,285
  3,486
  3,695
  3,913
  4,141
  4,378
Adjusted assets (=assets-cash), $m
  260
  313
  373
  438
  509
  587
  670
  758
  853
  952
  1,057
  1,167
  1,282
  1,402
  1,528
  1,658
  1,794
  1,935
  2,082
  2,234
  2,393
  2,558
  2,729
  2,907
  3,092
  3,285
  3,486
  3,695
  3,913
  4,141
  4,378
Revenue / Adjusted assets
  2.554
  2.556
  2.552
  2.555
  2.556
  2.554
  2.554
  2.555
  2.553
  2.555
  2.553
  2.554
  2.554
  2.554
  2.553
  2.554
  2.554
  2.554
  2.554
  2.555
  2.554
  2.554
  2.554
  2.554
  2.554
  2.554
  2.554
  2.554
  2.554
  2.554
  2.554
Average production assets, $m
  106
  128
  152
  179
  208
  240
  274
  310
  348
  389
  432
  477
  524
  573
  624
  678
  733
  791
  851
  913
  978
  1,045
  1,115
  1,188
  1,264
  1,342
  1,425
  1,510
  1,599
  1,692
  1,789
Working capital, $m
  134
  57
  68
  79
  92
  106
  121
  138
  155
  173
  192
  212
  232
  254
  277
  301
  325
  351
  378
  405
  434
  464
  495
  527
  561
  596
  632
  670
  710
  751
  794
Total debt, $m
  0
  17
  35
  56
  78
  102
  128
  156
  185
  216
  249
  283
  319
  356
  396
  436
  479
  523
  569
  616
  666
  717
  770
  826
  884
  944
  1,007
  1,072
  1,140
  1,211
  1,285
Total liabilities, $m
  81
  98
  116
  137
  159
  183
  209
  237
  266
  297
  330
  364
  400
  437
  477
  517
  560
  604
  650
  697
  747
  798
  851
  907
  965
  1,025
  1,088
  1,153
  1,221
  1,292
  1,366
Total equity, $m
  266
  216
  256
  301
  351
  404
  461
  522
  587
  655
  727
  803
  882
  965
  1,051
  1,141
  1,234
  1,331
  1,432
  1,537
  1,646
  1,760
  1,878
  2,000
  2,128
  2,260
  2,398
  2,542
  2,692
  2,849
  3,012
Total liabilities and equity, $m
  347
  314
  372
  438
  510
  587
  670
  759
  853
  952
  1,057
  1,167
  1,282
  1,402
  1,528
  1,658
  1,794
  1,935
  2,082
  2,234
  2,393
  2,558
  2,729
  2,907
  3,093
  3,285
  3,486
  3,695
  3,913
  4,141
  4,378
Debt-to-equity ratio
  0.000
  0.080
  0.140
  0.180
  0.220
  0.250
  0.280
  0.300
  0.320
  0.330
  0.340
  0.350
  0.360
  0.370
  0.380
  0.380
  0.390
  0.390
  0.400
  0.400
  0.400
  0.410
  0.410
  0.410
  0.420
  0.420
  0.420
  0.420
  0.420
  0.430
  0.430
Adjusted equity ratio
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688
  0.688

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  87
  129
  166
  206
  251
  299
  351
  407
  466
  529
  595
  664
  737
  813
  892
  974
  1,060
  1,149
  1,242
  1,339
  1,439
  1,544
  1,652
  1,765
  1,883
  2,005
  2,132
  2,265
  2,404
  2,548
  2,699
Depreciation, amort., depletion, $m
  35
  26
  30
  36
  42
  48
  55
  62
  70
  78
  86
  95
  105
  115
  125
  136
  147
  158
  170
  183
  196
  209
  223
  238
  253
  268
  285
  302
  320
  338
  358
Funds from operations, $m
  81
  155
  196
  242
  293
  347
  406
  469
  536
  607
  681
  760
  842
  927
  1,017
  1,110
  1,207
  1,308
  1,412
  1,521
  1,635
  1,753
  1,875
  2,003
  2,135
  2,273
  2,417
  2,567
  2,724
  2,887
  3,057
Change in working capital, $m
  -24
  10
  11
  12
  13
  14
  15
  16
  17
  18
  19
  20
  21
  22
  23
  24
  25
  26
  27
  28
  29
  30
  31
  32
  34
  35
  36
  38
  40
  41
  43
Cash from operations, $m
  105
  145
  185
  230
  280
  333
  391
  453
  519
  589
  662
  740
  821
  905
  994
  1,086
  1,182
  1,282
  1,386
  1,494
  1,606
  1,723
  1,844
  1,970
  2,102
  2,238
  2,381
  2,529
  2,684
  2,846
  3,014
Maintenance CAPEX, $m
  0
  -21
  -26
  -30
  -36
  -42
  -48
  -55
  -62
  -70
  -78
  -86
  -95
  -105
  -115
  -125
  -136
  -147
  -158
  -170
  -183
  -196
  -209
  -223
  -238
  -253
  -268
  -285
  -302
  -320
  -338
New CAPEX, $m
  -35
  -22
  -24
  -27
  -29
  -32
  -34
  -36
  -38
  -41
  -43
  -45
  -47
  -49
  -51
  -53
  -56
  -58
  -60
  -62
  -65
  -67
  -70
  -73
  -76
  -79
  -82
  -85
  -89
  -93
  -97
Cash from investing activities, $m
  -35
  -43
  -50
  -57
  -65
  -74
  -82
  -91
  -100
  -111
  -121
  -131
  -142
  -154
  -166
  -178
  -192
  -205
  -218
  -232
  -248
  -263
  -279
  -296
  -314
  -332
  -350
  -370
  -391
  -413
  -435
Free cash flow, $m
  70
  102
  136
  173
  215
  260
  309
  362
  418
  478
  542
  608
  678
  752
  828
  908
  991
  1,078
  1,168
  1,261
  1,359
  1,460
  1,565
  1,674
  1,788
  1,907
  2,030
  2,159
  2,293
  2,433
  2,579
Issuance/(repayment) of debt, $m
  0
  17
  19
  20
  22
  24
  26
  28
  29
  31
  33
  34
  36
  38
  39
  41
  42
  44
  46
  48
  49
  51
  53
  56
  58
  60
  63
  65
  68
  71
  74
Issuance/(repurchase) of shares, $m
  -14
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -19
  17
  19
  20
  22
  24
  26
  28
  29
  31
  33
  34
  36
  38
  39
  41
  42
  44
  46
  48
  49
  51
  53
  56
  58
  60
  63
  65
  68
  71
  74
Total cash flow (excl. dividends), $m
  51
  118
  154
  194
  237
  284
  335
  390
  448
  509
  574
  643
  714
  789
  867
  949
  1,033
  1,122
  1,214
  1,309
  1,408
  1,511
  1,618
  1,730
  1,846
  1,967
  2,093
  2,224
  2,361
  2,504
  2,653
Retained Cash Flow (-), $m
  -38
  -37
  -41
  -45
  -49
  -53
  -57
  -61
  -65
  -68
  -72
  -76
  -79
  -83
  -86
  -90
  -93
  -97
  -101
  -105
  -109
  -113
  -118
  -123
  -127
  -133
  -138
  -144
  -150
  -156
  -163
Prev. year cash balance distribution, $m
 
  87
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  169
  113
  149
  188
  231
  278
  329
  383
  441
  502
  567
  635
  706
  781
  859
  940
  1,025
  1,113
  1,204
  1,299
  1,398
  1,501
  1,608
  1,719
  1,834
  1,955
  2,080
  2,211
  2,347
  2,489
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  162
  104
  129
  155
  179
  202
  222
  239
  253
  263
  269
  271
  269
  262
  252
  239
  223
  205
  185
  165
  145
  125
  105
  88
  71
  57
  45
  34
  26
  19
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Sturm, Ruger & Company, Inc. is engaged in the design, manufacture, and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a range of federally licensed, independent wholesale distributors primarily located in the United States. The castings segment manufactures and sells steel investment castings and metal injection molding (MIM) parts. The Company's design and manufacturing operations are located in the United States. The Company primarily offers products in three industry product categories: rifles, pistols, and revolvers. The Company's firearms are sold through independent wholesale distributors, principally to the commercial sporting market. The Company manufactures firearm products under the Ruger name. The Company also manufactures and sells accessories and replacement parts for its firearms.

FINANCIAL RATIOS  of  Sturm Ruger (RGR)

Valuation Ratios
P/E Ratio 11.6
Price to Sales 1.5
Price to Book 3.8
Price to Tangible Book
Price to Cash Flow 9.6
Price to Free Cash Flow 14.4
Growth Rates
Sales Growth Rate 20.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 20.7%
Cap. Spend. - 3 Yr. Gr. Rate -8.6%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets 26.2%
Ret/ On Assets - 3 Yr. Avg. 20.9%
Return On Total Capital 35.2%
Ret/ On T. Cap. - 3 Yr. Avg. 28.9%
Return On Equity 35.2%
Return On Equity - 3 Yr. Avg. 28.9%
Asset Turnover 2
Profitability Ratios
Gross Margin 33.1%
Gross Margin - 3 Yr. Avg. 31.8%
EBITDA Margin 25.8%
EBITDA Margin - 3 Yr. Avg. 22.3%
Operating Margin 20.2%
Oper. Margin - 3 Yr. Avg. 15.8%
Pre-Tax Margin 20.5%
Pre-Tax Margin - 3 Yr. Avg. 16.1%
Net Profit Margin 13.1%
Net Profit Margin - 3 Yr. Avg. 10.5%
Effective Tax Rate 36%
Eff/ Tax Rate - 3 Yr. Avg. 34.3%
Payout Ratio 37.9%

RGR stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the RGR stock intrinsic value calculation we used $664 million for the last fiscal year's total revenue generated by Sturm Ruger. The default revenue input number comes from 2016 income statement of Sturm Ruger. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our RGR stock valuation model: a) initial revenue growth rate of 20.5% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for RGR is calculated based on our internal credit rating of Sturm Ruger, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Sturm Ruger.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of RGR stock the variable cost ratio is equal to 64.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $104 million in the base year in the intrinsic value calculation for RGR stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Sturm Ruger.

Corporate tax rate of 27% is the nominal tax rate for Sturm Ruger. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the RGR stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for RGR are equal to 16%.

Life of production assets of 3 years is the average useful life of capital assets used in Sturm Ruger operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for RGR is equal to 7.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $266 million for Sturm Ruger - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 17.507 million for Sturm Ruger is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Sturm Ruger at the current share price and the inputted number of shares is $0.9 billion.

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COMPANY NEWS

▶ Will 2018 Be Sturm Ruger & Company Inc.'s Best Year Yet?   [Dec-30-17 05:45PM  Motley Fool]
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▶ Top 10 Gun Manufacturers in the World in 2017   [Nov-13-17 09:52PM  Insider Monkey]
▶ Dow, S&P 500 set to snap 8-week win streak   [Nov-10-17 11:33AM  Yahoo Finance]
▶ Will Horrific Mass Shootings Ever Impact Gun Stocks?   [Nov-08-17 12:56PM  InvestorPlace]
▶ Tuesday's Manhattan Terror Attack Sends Gun Stocks Higher   [Nov-01-17 12:13PM  TheStreet.com]
▶ Sturm Ruger posts 3Q profit   [05:13PM  Associated Press]
▶ How RGRs Dividend Cut Affected Its Yield   [Oct-19-17 01:06PM  Market Realist]
▶ American Gun Ownership, By The Numbers   [Oct-09-17 12:59PM  Benzinga]
▶ Better Buy: American Outdoor Brands, Ruger, or Axon?   [Oct-07-17 11:48AM  Motley Fool]
▶ [$$] Gun Shares Look Toppy   [Oct-06-17 10:32PM  Barrons.com]
▶ NRA supports regulation on bump stocks   [10:24AM  Yahoo Finance Video]
▶ Firearm manufacturer Sturm Ruger & Co. repurchases $11M in common stock   [Oct-04-17 12:55PM  American City Business Journals]
▶ Time to Pick Up MGM at a Discount   [05:30PM  GuruFocus.com]
▶ Gun manufacturing stocks see predictable uptick in wake of Las Vegas tragedy   [Oct-02-17 04:50PM  American City Business Journals]
▶ You're Thinking About Gun Industry Sales All Wrong   [Sep-25-17 09:05PM  Motley Fool]
▶ Have Gun, Will Travel: Gun Stocks Jump On Trump Plan   [Sep-19-17 05:02PM  Investor's Business Daily]
▶ Gun Stocks Mixed On New NICS Background Numbers   [Sep-11-17 11:51AM  Benzinga]
▶ Why Gun Stocks Plunged in August   [Sep-06-17 08:35AM  Motley Fool]
▶ Analyst Picks: 2 Guns Stocks to Buy, 1 to Hold   [Aug-21-17 11:33AM  Motley Fool]
▶ How Sturm, Ruger & Company Makes Most of Its Money   [Aug-20-17 11:38AM  Motley Fool]
▶ Sturm, Ruger Shoots Itself in the Foot   [Aug-17-17 08:18AM  Motley Fool]
▶ Better Buy: Sturm, Ruger & Company vs. Altria   [Aug-14-17 09:30PM  Motley Fool]
▶ Sturm Ruger posts 2Q profit   [Aug-03-17 06:26PM  Associated Press]
▶ Gun Companies Missing Effects of Trump Bump   [03:23PM  TheStreet.com]
Financial statements of RGR
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