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merig00: (USA)
merig00 ([personal profile] merig00) wrote2009-06-19 01:21 pm
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No need for bail out for this one :)

Smith & Wesson ($5.84, +$0.91, +18.42%) said fiscal fourth-quarter revenue jumped a bigger-than-expected 20% as it agreed to acquire Universal Safety Response Inc. in a cash-and-stock deal that would give the firearms manufacturer entry into the rapidly growing perimeter-security market. Shares of rival Sturm Ruger & Co. (RGR, $12.43, +$0.80, +6.88%) were also trading higher.


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