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United States

29 October 2007

Reuters

BANGALORE — Smith & Wesson Holding Corp forecast second-quarter results below Wall Street's view, hurt by lower demand for its hunting rifles and shotguns, and cut its fiscal 2008 outlook, sending shares down 25 percent. "The company is reaching a plateau in terms of sales growth," Amit Dayal, an analyst with Rodman & Renshaw, said by phone. Smith and Wesson is now even more dependant on the consumer market than it was before because of its entry in the rifle... (GunPolicy.org)

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