Pistols, Profits, and Politics
By George Liu - April 2, 2012| Tickers: SWHC, RGR, WMT| 1 Comment
George is a member of The Motley Fool Blog Network — entries represent the personal opinions of our bloggers and are not formally edited.
One of the sectors currently experiencing some of the most growth is the firearms industry. In January, background checks for gun permits rose 17.3% YOY. States that regularly report concealed carry permit numbers have seen increases in active permit holders ranging from 46% to 161%. This growth has not been sudden or abrupt: January’s numbers marked the 20th consecutive month of increases in gun permit checks and record gun sales numbers were evident in 2011’s huge shopping occasions such as Black Friday, which experienced a 32% increase in background checks YOY. Although multiple firearms may be bought after a single background check and a person may require multiple background checks for a single purchase, background checks provide a reliable rough estimate of the growth of gun sales. Moreover, other indicators of strong firearm sales also point to strong consumer demand. Federal excise taxes collected on the sale of new firearms and ammunition have risen 48.3%. Firearms company Sturm, Ruger & Company, Inc. (NYSE: RGR) received bookings for over 1 million firearms in Q1, which has led the company to suspend acceptance of new orders, expecting to “resume the normal acceptance of orders by the end of May.”
The people are bying firearms and ammo in record numbers because they know exaclty what Obama and his ilk represent...and they insticntively and historically know where it leads.
100 million people armed with something like 350 million wepaons and billions of rounds of ammo will withstand any tyrants efforts, particularly when over half of the regular military and an even higher percentage of the National Guard will side with those people.
Freedom’s Last Stand
http://www.jeffhead.com/liberty/lststand.htm
What Good is a Handgun against an Army
http://www.jeffhead.com/liberty/handgun.htm
Let no quarter be given
http://www.jeffhead.com/liberty/noqrtr.htm