Even centerfire ammo is getting back to normal prices and availability. Now if reloading components and 22lr would come back down to Earth...
Posted on 10/30/2014 9:00:01 AM PDT by aimhigh
Sturm, Ruger & Company (RGR) stock tumbled after the gunmaker’s quarterly earnings missed analysts’ target by a laughably wide margin, proving definitively that the gun-sales boom driven by fears of the Obama administration is at an end.
As great a run as RGR stock had during the Obama presidency — and especially after the shooting in Newtown — it’s over. There’s nothing left to do but sell RGR stock and book profits. . . . .
Heck, RGR stock is up nearly 600% since Obama took the oath of office, and that’s after a nasty selloff in 2014. Before the bottom fell out of gun sales earlier this year, RGR stock had risen 1,000% since Obama’s inauguration. . . . .
Net income fell so steeply it requires a spit-take to fully appreciate. Profits tumbled to $6.8 million, or 34 cents per share, from $28.7 million, or $1.44 per share, last year.
(Excerpt) Read more at investorplace.com ...
People have guns up to their eyeballs. Most people I know have at least half-a-dozen guns, some have dozens or even hundreds.
There’s a saturation point.
Hmmm...been looking for a Ruger 10-22...will give this a little time to see how things shake out.
Too true...but I waited on a couple of purchases because of the availability and prices...my patience may have been rewarded, time will tell.
Probably get a synth stock 10/22 for around $200 here pretty soon
Yep.
Guns outlast humans by a long shot.
Guns manufactured in 1910 are still quite useful, but most folks born then are dead.
Eventually the country will be saturated.
And that's a good thing.
That's the plan...
I've been looking and the prices around here have been in the $300 range...a bit steep considering they were under $200 before the "panic".
The gun market is kind of saturated right now. There are probably a lot of newer and smaller manufacturers that won’t make it. Ruger will survive, and they’ve come out with some good new stuff in the last few years.
>> ...a bit steep considering they were under $200 before the “panic”.
Also a bit steep considering how hard it is to find anything to load them with. ;-)
I see them now. There are some incredible AR-15 sales right now. What was selling for over $2,000 two years ago can be had now for under $600.
If you ever wanted an AR, now is the time to buy.
Even centerfire ammo is getting back to normal prices and availability. Now if reloading components and 22lr would come back down to Earth...
That 10-22 Takedown is a handy little rifle. I love mine.
snicker, so true...but it has been getting a bit easier lately...
Yep, especially the AR-15 market. You can get a Colt AR-15 for under $700.
“If you ever wanted an AR, now is the time to buy. “
Better still, buy an 80% lower and a kit and build your own “unregistered” AR. It’s easy and fun!
I plan on buying another 10-22 before the end of the year. Even though we still can’t find bulk 22 anywhere.
I could be way off, but I think Ruger being mostly the .22 king, the ammo shortage may have something to do with soft sales.
As far as saturation goes, I know I am not alone in making purchases regardless how many I already have.
You can never have too many guns or too much ammo.
The writer is drooling from hoplophobia.
Complicating matters is that gun nuts have all the guns they need by now. America was already like an armed camp before the gun craze. Now it’s absolutely bristling with firearms, but the gunmakers continue to churn out new weapons into a decelerating market.
Will definitely have to take a look at it...good reviews on it from what I’ve seen.
Thanks for the tip.
Yeah, but that’s one you won’t lose in a boating accident. Positive or Negative?
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