One thing still boosting retail sales? Guns.

draw-your-gun-yosemite-sam-and-bugs-bunny1Who 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.

Meanwhile, retailers Dick’s Sporting Goods [DKS  13.71    -0.43  (-3.04%)   ] and Cabela’s [CAB  8.68    -0.07  (-0.8%)   ] admit they’re relieved that sales of guns and related hunting items are so brisk.

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)


3 Responses

  1. In a roundabout way Obama IS the gun salesman of 2008, and will probably repeat in 2009.

  2. Mike,
    So are you saying he has some talent other than community organizing?!?

  3. I feel motivated.

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