Saturday, December 22, 2012

New S & W CEO, from UK, and plastic wrapping company in a strange territory

 From WSJ

After shootings in US, where citizens clamor for gun ban, S and Wesson CEO, P James Debney walks in a strange and risk fraught territory.  Badney used to work for plastic wrapping division of Alcoa

He observes, as an outsider that S & W is too slow in adjusting to market changes.  S & W has been known for steel guns like those used in Dirty Harry and has been slow to keep with guns like Glock which are light and smaller.  The trend is towards smaller and lighter guns that can be kept in small purses of ladies.

In the light of poor economy, there will be more protection requiring more guns and which will drive up sales

Wall Street Journal on S & W

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