Ummmm lemme get this right.
S&W boosted profit by 83%. This is, at first glance, a good thing.
However, that 83% profit was boosted by a reduction in a set aside. This is supposed to be good news???
Hey, if profits are up 83% because sales were up by 30%, or because S&W had managed to control costs, or because market conditions were favorable to increased margins, these are all good things. However, if profit is up because of some accounting manoveurs, it is nothing to get excited about.
This situation is kind of like claiming "my take home pay was up by 83%, boosted by the amount of money I should have spent on my car insurance but didn't"....
What the "company expects" is usually horseshit............... If I'm selling stock, I wanna make it look good. Hey, I'm expecting this stock to appreciate! If I tell you its a frikking dog that is going nowhere but down, you wont buy..
Yah. I like S&W products too. But this little profit scam means squat. When they report that profits are up 83% because of new products and increase government contracts, lemme know..