All eyes of the world are on Colorado, which allowed the legal sales of marijuana for recreational use. It also became the first Government in the World to control and regulate marijuana, also known as Cannabis, which is a preparation of the Cannabis plant intended for use as a psychoactive drug and as medicine.
Beginning�Wednesday�(Jan.1), 21 and over became eligible to buy marijuana legally for the first time anywhere in the State. Sales will be tightly controlled, regulated as alcohol is currently, and subject to a number of restrictions preventing sales to minors, intoxicated driving, smoking in public and other undesirable behaviors.
The new law could be an alternative to the drug war, generate the kind of tax dollars that state government hopes and save the costs of locking up drug offenders. The Colorado Legislative Council estimates marijuana will generate $67 million in tax revenue annually.
Best Recreation Companies To Own In Right Now: Accell Group NV (ACCG.AS)
Accell Group NV is a Netherlands-based holding company. The Company and its subsidiaries divides its business into two segments: Bicycle & Bicycle Parts, active in the design, development, production, marketing and sales of bicycles, bicycle parts and accessories; and Fitness, providing fitness equipment. It sells bicycles under the Batavus, Bremshey, Ghost, Haibike, Hercules, Koga, Lapierre, Loekie, Redline, Sparta, Staiger, Tunturi, Winora, XLC and Raleigh brands via specialist bicycle retailers as well as bicycle parts under the Juncker Bike Parts and Wiener Bike Parts brands and fitness equipment under the Bremshey Sport brand. The Company�� main markets are the Netherlands, Germany, France, and European countries. The Company has production facilities in the Netherlands, Germany, France, Hungary and Belgium. As of December 31, 2011, it operated through 21 wholly owned subsidiaries. On May 22, 2012, the Company acquired Raleigh Cycle Limited.
Best Recreation Companies To Own In Right Now: Smith & Wesson Holding Corp (SWHC.O)
Smith & Wesson Holding Corporation (Smith & Wesson), incorporated on June 17, 1991, is a manufacturer of firearms. The Company manufactures a range of handguns, modern sporting rifles, hunting rifles, black powder firearms, handcuffs, and firearm-related products and accessories for sale to a range of customers, including gun enthusiasts, collectors, hunters, sportsmen, competitive shooters, individuals desiring home and personal protection, law enforcement and security agencies and officers, and military agencies in the United States and globally. It sell its products under the Smith & Wesson brand, the M&P brand, the Thompson/Center brand, and the Walther brand. The Company manufactures its firearm products at its facilities in Springfield, Massachusetts and Houlton, Maine. On July 26, 2012, it sold all of the assets of Smith & Wesson Security Solutions, Inc.
Firearms
During the fiscal year ended April 30, 2012 (fiscal 2012), the Company intr oduced multiple new handgun and modern sporting rifle models, and one new bolt action rifle platform. The Company's rifle introductions included the addition of the M&P15 300 Whisper to the Company's line of modern sporting rifles. As of April 30, 2012, the Company participated in three categories of the long-gun market and both core categories of the handgun market.
Handguns
The Company manufactures an variety of handgun models that include revolvers and pistols. A revolver is a handgun with a cylinder that holds the ammunition in a series of rotating chambers that are successively aligned with the barrel of the firearm during each firing cycle. There are two general types of revolvers: single-action and double-action. The Company's small-frame revolvers have been carried by law enforcement personnel and personal defense-minded citizens. The Company's revolvers are available in a variety of models and calibers, with applications in virtually all pr ofessional and personal markets.
The Company� �! s M&P15 Series of modern sporting rifles are designed to satisfy the functionality and reliability needs of global military, law enforcement, and security personnel. These rifles are also popular as sporting target rifles and are sold to consumers through the Company's sporting good distributors, retailers, and dealers. The Company has a range of product portfolio of modern sporting rifles, which includes a lower price-point, sport model, a .22 caliber model, and a fully automatic model designed for the exclusive use of military and law enforcement agencies throughout the world.
Hunting Firearms
The Company manufactures three lines of bolt-action rifles under its Thompson/Center brand consisting of several models in each line. The Company's hunting rifles are offered in 16 different calibers. Bolt-action rifles operate by the cycling of a bolt handle that allows for both the loading and unloading of rounds through a magazine fed system.
< p>During fiscal 2012, the Company introduced the Dimension bolt action rifle platform. Under the Company's Thompson/Center brand, the Company also offers seven models of American-made single shot black powder, or muzzle loader, firearms. The Company offers eight models of interchangeable, single shot firearm systems that deliver numerous gun, barrel, caliber configurations, and finishes. These systems can be configured as a center-fire rifle, rim-fire rifle, shotgun, black powder firearm, or single-shot handgun for use across the entire range of big- and small-game hunting.Handcuffs
The Company manufactures handcuffs and restraints in the United States. The Company fabricates these products from the carbon or stainless steel.
Smith & Wesson Academy
Through the Smith & Wesson Academy, the Company offers instruction designed to meet the training needs of law enforcement and security customers worldwide. Classes are conduct ed at the Company's facility in Springfield, Massachus! etts o! r! on loca! tion around the world.
Specialty Services
The Company's services include forging, heat treating, finishing, and plating. It provides services to third-party customers.
The Company competes with Ruger,Taurus, Beretta, Glock, Heckler & Koch, Sig Sauer, Springfield Armory, Bushmaster, Rock River, Stag Arms, DPMS, Browning, Marlin, Remington, Ruger, Savage, Weatherby, CVA, Traditions, and Winchester.
10 Best Value Stocks To Own Right Now: Accell Group NV (ACCEL)
Accell Group NV is a Netherlands-based holding company. The Company and its subsidiaries divides its business into two segments: Bicycle & Bicycle Parts, active in the design, development, production, marketing and sales of bicycles, bicycle parts and accessories; and Fitness, providing fitness equipment. It sells bicycles under the Batavus, Bremshey, Ghost, Haibike, Hercules, Koga, Lapierre, Loekie, Redline, Sparta, Staiger, Tunturi, Winora, XLC and Raleigh brands via specialist bicycle retailers as well as bicycle parts under the Juncker Bike Parts and Wiener Bike Parts brands and fitness equipment under the Bremshey Sport brand. The Company�� main markets are the Netherlands, Germany, France, and European countries. The Company has production facilities in the Netherlands, Germany, France, Hungary and Belgium. As of December 31, 2011, it operated through 21 wholly owned subsidiaries. On May 22, 2012, the Company acquired Raleigh Cycle Limited.Best Recreation Companies To Own In Right Now: In Ovations Holdings Inc (INOH)
In Ovations Holdings Inc, formerly Marine Exploration, Inc., incorporated on June 27, 1996, is engaged in marine treasure hunting expeditions. Its operations are limited to providing funding to, and making approved capital expenditures for its joint venture partner, Hispaniola Ventures, LLC (Hispaniola). Hispaniola is engaged in the actual search for, diving to, and recovery of, the cargo and artifacts. In May 2012, the Company acquired Atmospheric Water Solutions, Inc. (AWS). The acquisition includes water making technology, inventory, and a distribution center. In January 2014, the Company announced the incorporation of of its Energy Services Company (ESCO), Electro Verde, Inc.
The Company is focused on the recovery of two vessels, named as Operation Mystery Galleon and Operation Abrojos which includes, without limitation, an operation to the Serranilla and Bajo Nuevo Banks in the Caribbean Sea. It is undergoing preliminary operations off the coast of the Dominican Republic. On December 11, 2008, Marine Exploration Inc's 128 ft operations vessel, the M/V Hispaniola, was launched for its primary missions, Operation Mystery Galleon and Operation Abrojos.
The Company competes with Odyssey Marine Exploration, Subsea Resources Ltd., Sovereign Exploration Associates International Inc. and Admiralty Holding Company.
Best Recreation Companies To Own In Right Now: Smith & Wesson Holding Corp (SWHC)
Smith & Wesson Holding Corporation (Smith & Wesson), incorporated on June 17, 1991, is a manufacturer of firearms. The Company manufactures a range of handguns, modern sporting rifles, hunting rifles, black powder firearms, handcuffs, and firearm-related products and accessories for sale to a range of customers, including gun enthusiasts, collectors, hunters, sportsmen, competitive shooters, individuals desiring home and personal protection, law enforcement and security agencies and officers, and military agencies in the United States and globally. It sell its products under the Smith & Wesson brand, the M&P brand, the Thompson/Center brand, and the Walther brand. The Company manufactures its firearm products at its facilities in Springfield, Massachusetts and Houlton, Maine. On July 26, 2012, it sold all of the assets of Smith & Wesson Security Solutions, Inc.
Firearms
During the fiscal year ended April 30, 2012 (fiscal 2012), the Company introduced multiple new handgun and modern sporting rifle models, and one new bolt action rifle platform. The Company's rifle introductions included the addition of the M&P15 300 Whisper to the Company's line of modern sporting rifles. As of April 30, 2012, the Company participated in three categories of the long-gun market and both core categories of the handgun market.
Handguns
The Company manufactures an variety of handgun models that include revolvers and pistols. A revolver is a handgun with a cylinder that holds the ammunition in a series of rotating chambers that are successively aligned with the barrel of the firearm during each firing cycle. There are two general types of revolvers: single-action and double-action. The Company's small-frame revolvers have been carried by law enforcement personnel and personal defense-minded citizens. The Company's revolvers are available in a variety of models and calibers, with applications in virtually all professional and personal markets.
The Company�� M! &P15 Series of modern sporting rifles are designed to satisfy the functionality and reliability needs of global military, law enforcement, and security personnel. These rifles are also popular as sporting target rifles and are sold to consumers through the Company's sporting good distributors, retailers, and dealers. The Company has a range of product portfolio of modern sporting rifles, which includes a lower price-point, sport model, a .22 caliber model, and a fully automatic model designed for the exclusive use of military and law enforcement agencies throughout the world.
Hunting Firearms
The Company manufactures three lines of bolt-action rifles under its Thompson/Center brand consisting of several models in each line. The Company's hunting rifles are offered in 16 different calibers. Bolt-action rifles operate by the cycling of a bolt handle that allows for both the loading and unloading of rounds through a magazine fed system.
During fiscal 2012, the Company introduced the Dimension bolt action rifle platform. Under the Company's Thompson/Center brand, the Company also offers seven models of American-made single shot black powder, or muzzle loader, firearms. The Company offers eight models of interchangeable, single shot firearm systems that deliver numerous gun, barrel, caliber configurations, and finishes. These systems can be configured as a center-fire rifle, rim-fire rifle, shotgun, black powder firearm, or single-shot handgun for use across the entire range of big- and small-game hunting.
Handcuffs
The Company manufactures handcuffs and restraints in the United States. The Company fabricates these products from the carbon or stainless steel.
Smith & Wesson Academy
Through the Smith & Wesson Academy, the Company offers instruction designed to meet the training needs of law enforcement and security customers worldwide. Classes are conducted at the Company's facility in Springfield, Massachusetts or o! n locatio! n around the world.
Specialty Services
The Company's services include forging, heat treating, finishing, and plating. It provides services to third-party customers.
The Company competes with Ruger,Taurus, Beretta, Glock, Heckler & Koch, Sig Sauer, Springfield Armory, Bushmaster, Rock River, Stag Arms, DPMS, Browning, Marlin, Remington, Ruger, Savage, Weatherby, CVA, Traditions, and Winchester.
Advisors' Opinion:- [By Dimitra DeFotis]
Smith & Wesson Holding (SWHC) shares fell by 58 cents, or more than 5% to $10.90 after hours, erasing the day’s 3.5% gain. It reported earnings of 40 cents per share for the first quarter of fiscal 2014, which ended July 30, compared to 36 cents expected by analysts; and revenue came in better than expected at $171 million.�According to its�prepared release, Smith & Wesson expects�net sales for the second fiscal quarter to be between $135.0 million and $140.0 million and GAAP earnings per diluted share from continuing operations of between 20 cents and 22 cents.�The company also�increased its revenue guidance for the full fiscal year, and sees net sales of between $610.0 million and $620.0 million, with earnings of between $1.30 and $1.35 for fiscal 2014.�The Street is looking for earnings of $1.30 per share, or $1.36 fully reported, for fiscal 2014.
- [By Rich Smith]
Editor's note: A previous version of this article incorrectly mentioned Smith & Wesson Holding Corp.�(NASDAQ: SWHC) as securing a contract. That is not the case. The Fool regrets the error.
- [By Paul Ausick]
Big Earnings Movers: Specialty retailer Quiksilver Inc. (NYSE: ZQK) is up 31.7% at $6.85. Smith & Wesson Holding Corp. (NASDAQ: SWHC) is down 10.2% at $10.31 after issuing weak guidance. Mattress Firm Holding Corp. (NASDAQ: MFRM) is down 14.6% at $35.59. Korn/Ferry International (NYSE: KFY) is up 11.2% at $20.81 after posting a new 52-week high of $20.93 earlier. VeriFone Systems Inc. (NYSE: PAY) is up 10.1% at $22.81. Zumiez Inc. (NASDAQ: ZUMZ) is up 11.2% at $28.11.
- [By Rick Munarriz]
Tuesday
Smith & Wesson (NASDAQ: SWHC ) takes aim at Wall Street's targets. Firearms makers may be controversial for some investors, but there's no denying that that their products are in hot demand these days. Consumers fearing that gun-ownership restrictions are about to tighten are loading up on weaponry, and that's translating into big growth for the gunmakers.
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