Gun Control & RKBA

friendly_iconoclast

(15,333 posts) Mon Oct 5, 2020, 05:30 PM Oct 2020

Soaring Gun Demand Boosts Firearm Maker Stocks

Yeah, I know Barron's is a Murdoch joint- but the numbers check out *for the companies mentioned* (see caveat below)

https://www.barrons.com/articles/soaring-gun-demand-boosts-firearm-maker-stocks-51601907910

... Sturm Ruger & Co. (ticker: RGR) was up 1% to $63.35 Monday morning, and has climbed roughly 35% year to date, while Smith & Wesson Brands (SWBI) was climbing 2.1% to $16.88 and has surged 137% in 2020. Vista Outdoor (VSTO), which makes ammunition and other outdoor products, was rising 4.5% to $21.62 and has soared 189% this year, a period that’s seen the S&P 500 climb nearly 5%.

https://finance.yahoo.com/quote/SWBI/

https://finance.yahoo.com/quote/RGR

https://finance.yahoo.com/quote/VSTO

Conversely, Colt is privately owned, and Remington is bankrupt, as DUer sl8 noted recently:
https://www.democraticunderground.com/1172209576

5 replies

= new reply since forum marked as read

Highlight:

Soaring Gun Demand Boosts Firearm Maker Stocks (Original Post) friendly_iconoclast Oct 2020 OP

I wouldn't be surprised if the demand is due to liberals buying vercetti2021 Oct 2020 #1

This only counts if these manufacturers and retailers melm00se Oct 2020 #2

They're selling them as fast as they can make them. Dial H For Hero Oct 2020 #3

Supply chain, extended lead times and prices melm00se Oct 2020 #4

I think we'll see the buying frenzy to end all buying frenzies when Biden wins. Dial H For Hero Oct 2020 #5

vercetti2021

(10,414 posts)

1. I wouldn't be surprised if the demand is due to liberals buying

Reply to friendly_iconoclast (Original post)

Mon Oct 5, 2020, 05:32 PM

Oct 2020

After all the crap from Trump, nazi boys and all his supporters.

melm00se

(5,075 posts)

2. This only counts if these manufacturers and retailers

Reply to friendly_iconoclast (Original post)

Wed Oct 7, 2020, 08:25 AM

Oct 2020

can actually deliver products to meet the demand.

Dial H For Hero

(2,971 posts)

3. They're selling them as fast as they can make them.

Reply to melm00se (Reply #2)

Wed Oct 7, 2020, 01:10 PM

Oct 2020

If you're willing to pay panic prices, you can get guns & ammo. My BIL just bought his first AR-15 (a Ruger). The local gun shop was asking $850 plus tax, which is actually a very fair price at the moment. There's plenty of 5.56x45 available online if you're willing to pay a buck a round.....

melm00se

(5,075 posts)

4. Supply chain, extended lead times and prices

Reply to Dial H For Hero (Reply #3)

Wed Oct 7, 2020, 01:15 PM

Oct 2020

eventually will rein in the buying frenzy.

I am seeing and hearing comments like "$50/box for 9mm???? WTF. I'll pass."

Dial H For Hero

(2,971 posts)

5. I think we'll see the buying frenzy to end all buying frenzies when Biden wins.

Reply to melm00se (Reply #4)

Wed Oct 7, 2020, 01:47 PM

Oct 2020

And then if Congress passes a new Assault Weapons Ban, I would anticipate prices rising to levels never seen. In the weeks prior to such a ban being enacted, I wouldn't be surprised to see (for instance) Ruger AR-556 rifles selling for $2000+.

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