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S&W Share Price Jumps 18%, WSJ Blames ‘Paranoia’

Smith & Wesson Model 60 (courtesy The Truth About Guns)

Everybody needs money,” Danny DeVito sneers at Gene Hackman in David Mamet’s classic movie Heist, “That’s why they call it ‘money.'” If Smith & Wesson is making ‘money’ hand over fist these days, why won’t the Wall Street Journal’s Marketwatch blog show them some love? Their headline? “Smith & Wesson’s Future Depends On Continued Paranoia.” This puzzles me, because last I checked the WSJ hadn’t waded into the blue state/red state debate. As capitalists, the only color they’re supposed to care about is green . . .

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