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Gun Control & RKBA
Showing Original Post only (View all)Smith & Wesson, Ruger stocks jump after Obama win [View all]
http://www.latimes.com/business/money/la-fi-mo-gun-sales-smith-wesson-obama-20121107,0,5868311.storyWhile investors moping over President Barack Obamas reelection sent the Dow spiraling down more than 300 points Wednesday morning, one sector is seeing a surge: gun manufacturing.
Firearms maker Smith & Wesson Holding Corp. surged 10.8% to $10.48 a share in morning trading, more than double its price at the beginning of the year.
Sturm, Ruger & Co. Inc. got a 6.4% boost to $47.48 a share, a 39% increase from early January
SNIP
In October, the number of firearms background checks performed on potential gun buyers jumped 18.4%, according to the FBI, as cited by Benchmark Research. The data is considered to be a leading indicator for future gun sales.
More at link
Firearms maker Smith & Wesson Holding Corp. surged 10.8% to $10.48 a share in morning trading, more than double its price at the beginning of the year.
Sturm, Ruger & Co. Inc. got a 6.4% boost to $47.48 a share, a 39% increase from early January
SNIP
In October, the number of firearms background checks performed on potential gun buyers jumped 18.4%, according to the FBI, as cited by Benchmark Research. The data is considered to be a leading indicator for future gun sales.
More at link
10.8% overnight jump! 18.4% October jump in NICS checks! Wow! That is a lot of guns being purchased. Each of those people is investing a few hundred dollars in a gun, or thousands in several guns. Those people will have a strong interest in keeping those guns and will be ready to fight against any gun control legislation.
Has anybody seen any jump in Brady or VPC enrollment?
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Actually it news, and is neither scary or crazy. Also not unexpected
ProgressiveProfessor
Nov 2012
#20
Well of course it's not unexpected, and it's happened a lot when Obama has been prez. That's all
codjh9
Nov 2012
#23
It's not that I can't defend them. It's that I don't come to this forum to argue with people.
codjh9
Nov 2012
#31
I didn't 'come to this forum' on purpose ... I saw this particular post on the latest threads, which
codjh9
Nov 2012
#38
I got invited for sail, and the asshole skipper started whining about Obama confiscating guns
Kolesar
Nov 2012
#3
Because they are afraid he will push through gun control legislation. N/T
GreenStormCloud
Nov 2012
#19
I didn't say they were rational in their fear, only that they were afraid. N/T
GreenStormCloud
Nov 2012
#26
Back off the paranoia a bit. Most guns purchased aren't going to be used on you...
Eleanors38
Nov 2012
#41
How come you never came back to the thread where you claimed the shooter was law-abiding?
GreenStormCloud
Nov 2012
#11
So you wouldn't ban AWs? Wouldn't ban 10+ magazine capacity? Support registration? etc.? nt
Eleanors38
Nov 2012
#42