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merig00 (
merig00
) wrote
2009
-
06
-
19
01:21 pm
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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