Gun Bubble Bursts-America’s Gun Stores Are Overstocked
And six years into the Obama administration, no FEMA camps, no Sharia law, no gon confiscation programs or even serious gun restriction efforts. Nada. Zip. Got ‘nothin. The truth on the ground is slowly sinking in.
Now of course if you are a responsible sporting or hunting shooter you are about to see the best prices in years. After all ya got screwed by the shortages long enough.
Sturm, Ruger (RGR) of Southport, Conn., one of the most prominent gunmakers, reported a plunge in sales and profit this week that sent its stock into a tail spin on Thursday. Net sales over three months went to $98 million from $171 million a year ago.
The share price for its rival, Smith & Wesson (SWHC), also took a dive, as investors went sour on gunmakers.