Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Locked And Loaded: Gun Sales Boom

Published 09/09/2012, 04:24 AM
Updated 07/09/2023, 06:31 AM

Gun sales are booming thanks to President Obama, the concern over the Department of Homeland Security buying 1.4+ billion bullets, and the threat of crime in general. Out here on the peninsula, my neighbors are convinced the Second Amendment to the Constitution of the United States has been and will continue to be under siege. The immediate concern I have heard is a ban on semi-automatic weapons and restriction of ammunition sales if Obama is re-elected.

We are locked and loaded out in the heartland! Gun dealers are telling me of ammunition shortages and back ordering. This is mostly attributable to domestic federal agencies buying up all the ammunition (e.g., Department of Homeland Security, the Social Security Administration, National Weather Service, and the Transportation Security Administation). You think they want to take us for a long walk in the park and hold our hand? No matter your worldview, the gun manufacturers and retailers are where it’s happening recently!

Gun Sales Surge: An Obama Bounce? (CNBC)

The gun business is booming. The question is, why? Smith & Wesson (SWHC) stock Friday was zooming, thanks to a stellar earnings report. The firearms maker also boosted its outlook for the rest of the year. Because of the strong business, its backlog of orders more than doubled from the same quarter last year, the company is concentrating on boosting production and building inventory.

We are underserving the market at this moment, we all know that, and that’s a great opportunity going forward for us,” CEO James Debney said in a conference call with analysts.

And another gun maker, Sturm, Ruger & Co. (RGR), also hit a milestone of sorts in terms of meeting consumer demand. It produced its one-millionth gun of the year…well ahead of last year’s pace.

“It took us nearly all of 2011 to build one million firearms, but in 2012 we accomplished it on August 15th,” said Ruger President and CEO Mike Fifer in a statement.
SWHC Dly

RGR Dly

CAB Dly
How to Stop a Massacre! (Natural News)

This video reveals an astonishingly easy way to stop massacres in mere seconds. It requires:
* No police or 911.
* No taxpayer expense.
* Can be deployed anywhere.
* Begins working in as little as five seconds.
* Protects innocent lives

Spread the word: Concealed carry SAVES LIVES.

“The biggest new group of buyers now are senior citizens,” Larry Hyatt, owner of a North Carolina gun shop, said on CNBC’s “Closing Bell.” “Ten thousand Baby Boomers a day are turning 65; they can’t run, they can’t fight, they got to shoot.”

Below you may find the video.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.