Who are your best friends in an economic crisis and during the administration of one who doesn’t seem to appreciate the Second Amendment?
Smith, Wesson, Colt, Beretta….
The one retail item that is showing increased sales these days is guns….and, of course, ammunition.
From CNBC Sports Biz:
No one is buying anything these days. Except for guns, that is.
Economic insecurity combined with the fear that the new administration could curtail access to guns, apparently has people packing heat.
I might also add that if our economy does goes to that worst place, there are probably those who feel the extra protection of their property and families is a necessity.
Background checks, which strongly correlate to gun sales, hit a record high in November and that number is still climbing.
In fact, sales are so brisk that an organization called the National Shooting Sports Foundation says that some handguns, semi-automatic hunting and target rifles are “outpacing inventory.”
Gun makers Smith & Wesson [SWHC 5.11 0.52 (+11.33%) ] and Sturm Ruger [RGR 10.46 -0.24 (-2.24%) ] are seeing great growth and the market loves that. Smith & Wesson shares are up 55 percent in the last month and Sturm Ruger stock is up 60 percent.
Just curious if this has anything to do with the fact that more people might be hunting for their own food these days.
More (Fire) Power to the People I always say!
(Hat tip: Ace of Spades)
Filed under: Barack HUSSEIN Obama, Economy, Guns, Liberalism, Patriotism, Politics, Progressives Ain't | Tagged: 2nd Amendment, ammunition, Beretta, Cabelas, Colt, Dick's Sporting Goods, economic insecurity, Glock, gun sales, handguns, Obama gun grab, semi-automatic hunting gun, semi-automatic weapons, Smith & Wesson, target rifles |