Do you really think anyone could " factor " in the inflation of the dollar that has occurred since 1967? Or the cost of designing and coming up with a NEW flintlock action that is still compatible with the older designed barrel and tang/breechplugs?
The real problem for S&W is that all that " profit" was made and distrbuted to the original owners of the company, and not to S&W. There is no contingency fund, or fully funded, amortization account holding millions of dollars in it to pay for all that warranty work that was transferred to S&W when they bought the company.
The new company has to come up with those costs out of present sales. The last owners made the mistake of stopping to market the Traditional Sidelock action rifles to compete openly for the business being taken by the lies and half truths told by the zip gun makers. I believe all the gun companies made a Huge mistake, by not going after these guys, and their stooge gun writers. I don't know any gun owner who wants to read gun magazines where all they ever hear or read from the writers is how GOOD a gun is! And, then, hear years later from another writer, that the author of that article was drunk the entire hunting trip, that he had his guide kill the animal he is pictures with as being taken with the new gun, and that he never got the gun to shoot accurately at all!
Editors of gun magazines can be understood for not wanting to publish articles that are critical of advertiser's products, but if they are going to improve the number of readers and subscribers, they are going to have to bite the bullet and tell the truth. If some product is so bad it fails, send it back and write nothing about it.
But, then, tell the company to change its ads about the gun for their magazine, or take their business elsewhere. The shooting public, much less the magazine subscribers should not be the victims of the magazine's editor's greed for more advertising revenue, at the expense of defrauding the readers. If something is JUNK, say so!
Thankfully, the internet in general, and this website in particular has plenty of room for people to voice their opinions about certain guns, and certain companies who fall far short of customer expectations. I believe we are teaching some editors, and a lot of gunmakers some old fashioned lessons on how to treat the customer.
One of the reasons we have a "Letters to the Editor " Column in Muzzle Blasts, for instance, is because I went on the warpath with the former editor because she would not publish my complaint about a product, advertised in a " product review article " written by a Hack writer, announcing a new clamp on sight for open top replica revolvers. I sent the company a letter expressing interest in the product, and heard nothing. I tried to call, but the phone number give was no longer in service. I contacted MB, by mail, asking for a new address or phone number for the guy. The editor contacted the author, but he didn't respond either.
I did not expect MB to publish an article critical of some company that went out of business before it started, but I at least expected them to scold the author in public. When they would not do that, I asked that I be allowed to send a letter in that will be published warning other members about the " THIN" ethics of the author, and of the folks hustling business through him in Muzzle Blasts. She told me it had to go to the Board of Directors.
I saw her personally at the June shoot that year, and talked to her again about a letters to the Editor column. I told her that the association could not be legally held liable for anything said by someone in a letter to the editor( That is the law!) I asked her to be sure the Board of Directors were told this, and if they had any questions about liability, to have the NMLRA attorney advise them, and to call me for the case law on the subject.
It took a couple of years, but we finally got a Letters to the Editor column in Muzzle Blasts. The Editor still likes to publish only " Nice " letters, but once in awhile, something that should be said gets printed there.
I am thoroughly disgusted by the out right lies being told to customers who are being talked into buying the cheap zip guns on the market. Its not even a close question. And many of those same lies show up in the ads for these guns, and for the powder, and other components being sold to shoot in the zip guns.
I will never understand why the manufacturers of fine traditional side lock guns, like T/C sat by and said nothing, but instead began marketing similar guns themselves. Talk about shooting yourself in the foot!
But for all their shortcomings, I don't think you can blame them for not accurately estimating the actual cost of their Warranty services back when! And I don't think we should expect Smith and Wesson to be so cavalier about giving away new parts when there is nothing wrong with the old ones.
If the IRS code required companies to have full funded depreciation accounts( not since the early 1930s),We could be more honestly critical of management over repairs. Because there is no such requirement, its very hard to expect any company to do so. That contributes to the problems of inflation, and stock valuations, but it doesn't solve the problem of dealing with run-away inflation over a 40 or 50 year period.