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Mon Dec 17, 2012, 03:58 PM

Shares of gun maker Smith & Wesson tumble after Connecticut shooting

Source: Los Angeles Times

Stock prices of gun makers have tumbled on Wall Street amid a surge in discussion about gun control in the aftermath of the devastating shooting at a Connecticut elementary school last week.

Shares of Smith & Wesson Holding Corp. fell as much as 5% on Monday after sinking more than 4% on Friday – the day that Adam Lanza opened fire at Sandy Hook Elementary School, in Newtown, Conn., killing 26 people, including 20 children.

Sturm Ruger & Co., another firearm maker, saw its stock price fall nearly 3% on Monday after dropping more than 4% on Friday.

The companies’ websites have stayed mum about the shooting.

Read more: http://www.latimes.com/business/money/la-fi-mo-smith-wesson-gun-stocks-connecticut-20121217,0,1338151.story

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Arrow 21 replies Author Time Post
Reply Shares of gun maker Smith & Wesson tumble after Connecticut shooting (Original post)
IDemo Dec 2012 OP
struggle4progress Dec 2012 #1
Remmah2 Dec 2012 #9
lbrtbell Dec 2012 #18
struggle4progress Dec 2012 #19
The Wielding Truth Dec 2012 #2
elleng Dec 2012 #3
Hoyt Dec 2012 #4
Frenkstap Dec 2012 #5
CTyankee Dec 2012 #6
tridim Dec 2012 #7
hibbing Dec 2012 #12
pitbullgirl1965 Dec 2012 #8
onehandle Dec 2012 #10
PavePusher Dec 2012 #16
Zoeisright Dec 2012 #11
rhett o rick Dec 2012 #13
SoapBox Dec 2012 #14
ellisonz Dec 2012 #15
pop topcan Dec 2012 #17
dmallind Dec 2012 #20
SkyDaddy7 Dec 2012 #21

Response to IDemo (Original post)

Mon Dec 17, 2012, 03:59 PM

1. Time to choose: nice high gun stock prices, or living children?

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Response to struggle4progress (Reply #1)

Mon Dec 17, 2012, 04:12 PM

9. Gun stock?

 

Wood or synthetic furniture.

You made a funny.

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Response to struggle4progress (Reply #1)

Mon Dec 17, 2012, 09:04 PM

18. Many children are still living thanks to guns

Ask the kids who survived the Clakamas Mall shooting, thanks to someone who shot the killer.

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Response to lbrtbell (Reply #18)

Mon Dec 17, 2012, 09:11 PM

19. Clakamas Mall shooter reportedly shot himself. I guess you can paint that as a triumph of

armed citizenry acting to save the community from further harm, but I expect most people will send raspberries in your direction for that sort of claim

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Response to IDemo (Original post)

Mon Dec 17, 2012, 04:00 PM

2. It's about time they stop profiting from fear-mongering.

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Response to IDemo (Original post)

Mon Dec 17, 2012, 04:00 PM

3. Good. As they should.

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Response to IDemo (Original post)

Mon Dec 17, 2012, 04:05 PM

4. That's good to hear, although it pales in comparison to what their products have done to society.

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Response to IDemo (Original post)

Mon Dec 17, 2012, 04:05 PM

5. Spam deleted by hlthe2b (MIR Team)

 

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Response to IDemo (Original post)

Mon Dec 17, 2012, 04:07 PM

6. Mr. Smith and Mr. Wesson were CT natives and made their guns here.

In my city, New Haven, we still have the old Winchester Repeating Arms building where those guns were made for the Civil War. Samuel Colt developed his handgun in CT.

The state was once called "an arsenal for democracy." See the history here: http://en.wikipedia.org/wiki/History_of_Connecticut_industry

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Response to IDemo (Original post)

Mon Dec 17, 2012, 04:09 PM

7. Is this new? Usually gun/ammo sales rise sharply after mass murders in this crazy country.

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Response to tridim (Reply #7)

Mon Dec 17, 2012, 05:18 PM

12. I hear ya

Hey,
Yeah, I'm surprised their stock did not go up considering all the people who will now go stockpile.

Peace

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Response to IDemo (Original post)

Mon Dec 17, 2012, 04:11 PM

8. Good!

Next I hope the NRA loses membership in droves.

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Response to IDemo (Original post)

Mon Dec 17, 2012, 04:20 PM

10. So have the stock prices of Anvil makers.

Both items belong in a past century.

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Response to onehandle (Reply #10)

Mon Dec 17, 2012, 07:57 PM

16. Blacksmiths everywhere are laughing at you.

 

Ignorance is no excuse.

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Response to IDemo (Original post)

Mon Dec 17, 2012, 05:00 PM

11. Good. Hope they go broke.

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Response to Zoeisright (Reply #11)

Mon Dec 17, 2012, 06:40 PM

13. The price of their stock has nothing to do with their business. I bet their sales will skyrocket.

And as far as their stock prices dropping, the speculators love that.

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Response to IDemo (Original post)

Mon Dec 17, 2012, 06:47 PM

14. Save a life...Kill a gun.

...yesterday on DU.

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Response to IDemo (Original post)

Mon Dec 17, 2012, 07:31 PM

15. Sadly, this is after a decade of massive growth for the gun cabal.

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Response to IDemo (Original post)

Mon Dec 17, 2012, 08:19 PM

17. And after hours trading it's up 8+ percent. In any case, it's a few cents a share.

 

Many people own stock in the company, are you holding THEM responsible for the Sandy Hook tragedy?
I sure hope nobody is that stupid.
http://finance.yahoo.com/q?s=SWHC&ql=1

What would you like for them to say?...if they express remorse, a lot of people would be supercynical and give them grief for daring to do so. Same thing goes for the NRA, nothing they could possibly do would satisfy the hyperhysterical antigun idealogues.

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Response to IDemo (Original post)

Mon Dec 17, 2012, 09:43 PM

20. Damn. That means they're only up 98.5% for the year.

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Response to IDemo (Original post)

Tue Dec 18, 2012, 05:14 AM

21. They won't remain down for long!

As soon as the numbers come in for guns sold since the shooting & it becomes clear that tougher gun laws is not at all politically possible until Congress changes, mainly the House, then my guess is the gun stocks will recover there short term losses & then some...They always do. Because I doubt the House will be back in Democrat hands for a long time due to how the districts are formatted. Who knows I could be wrong but considering how Democrats typically do not show up for mid term elections like Republicans do combined with the way districts were redrawn to insure a GOP stronghold on the House I doubt we will see meaningful gun control laws for years.

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