Tag Archive: Sturm Ruger


Conn. Gov. Daniel Malloy: Public Safety Trumps Loss Of Gun Manufacturers

” Connecticut Gov. Daniel P. Malloy, who on Thursday signed some of the nation’s most sweeping new gun-control laws, brushed aside concerns on Sunday that the Second Amendment crackdown could drive several longtime arms manufacturers from his state.

“We’ve decided that public safety trumps all of that,” Mr. Malloy, a 57-year-old Democrat, told CNN. “I hope they stay and manufacture products that can legally be sold. But if they leave, that will be a decision they make. We’re not making them leave.” “

  As an aside it appears that the state of New York has bribed Remington to stay in it’s long – time home in the upstate town of Ilion so we doubt they will demonstrate the intestinal fortitude to take their jobs where they are welcome and tell Andy Cuomo to pound sand .

Lawmakers’ Gun-Control Aim Driving Smith & Wesson

 

 

 

” With lawmakers in Washington aiming for new restrictions on gun sales, shares of Smith & Wesson (SWHC) and Sturm Ruger (RGR) have surged.

Sturm Ruger last week reported a 52% bump in quarterly sales on those worries. Smith & Wesson shows its hand Tuesday afternoon.”

 

 

Chicago Mayor’s Plan Backfires, Mutual Funds Invest In Gun Companies Anyway

 

 

” A few weeks ago Chicago Mayor Rahm Emanuel wrote letters to several mutual funds asking them to pressure gun companies into embracing newly proposed gun laws, and as it turns out the political pressure hasn’t persuaded the investors to alter their portfolios.

A handful of the mutual funds contacted by Emanuel — Allianz, BlackRock, Vanguard, and Capital World Investments — submitted those forms and reported last week that they would retain ownership of Smith & Wesson and Sturm, Ruger and Company.

According to the documents filed:

Allianz reportedly owns 7.1 percent of Ruger Capital

World Investments owns 6.5 percent of Ruger

Vanguard reportedly owns 7.14 percent of Ruger, and 7.46 percent of Smith & Wesson

BlackRock reportedly owns 7.5 percent of Ruger, and 5.31 percent of Smith & Wesson”

 

 

 

Mother Threatens Flasher with Pistol, Sicks Dogs on Him

 

 

” Public flashers are an odd bunch. They seem to get their kicks by running around and showing off their concealed, um, goods to complete strangers, so to speak. Flashers may want to be careful about who they flash, though…

A 35-year-old woman was visiting Lake Sacajawea in Washington state with her 6-year-old son when she had a close encounter with a flasher on Thursday around 8 p.m. She later told police that a man in his early 20s allegedly sat down near her and began performing a sex act, according to reports. He told the mother, “Miss, miss. Could you watch this? You need to watch this.”

Well, she wasn’t particularly interested in watching, but if the flasher wanted to do some show-and-tell then she wasn’t about to disappoint. “I put the magazine in my [Ruger .380]. I cocked it,” the woman said. “I said, ‘You need to leave or I’ll shoot you. I’m going to blow your brains out.’”

The man shouted, “Oh, [expletive]!” and fled. “

Get ’em While You Can

 

 

 

 ” Gun sales are soaring in the wake of President Barack Obama’s reelection. Evidence for the beginning of what could be a second Obama gun boom are both anecdotally and empirically visible. 

To start with the anecdotal evidence, there’s no shortage of dealers and gun shop owners reporting a spike in sales.    

“We’re going from normally six to eight guns a day to 25,” Mel Bernstein, owner of Dragonman Arms in Colorado Springs, Colorado, told KOAA-TV.  “I stocked up, I got a stockpile of these AK-47s, we’re selling these like hot cakes. Luckily I had an idea of what was going on because it happened with Clinton.”

Bernstein is referring to the rise in gun sales before the passage of the Clinton-era Assault Weapons Ban, which placed restrictions on firearms with the following features: folding or telescoping stocks, magazine capacity, pistol grips, bayonet mounts, flash suppressors, among others. The ban, as most of us recall, expired in 2004.  

“Sales are up,” John Kielbasa, owner of Fernwood Firearms in Hankins, New York, told CNN.  “I had a guy waiting here first thing in the morning [after the election]. He came in, bought two AK-47s. It’s going to be good for me for business.”

What’s happening on the ground, so to speak, is also being reflected in the stock market.  Stock prices for the two publicly traded firearms manufacturers, Smith & Wesson and Ruger, continue to show strong returns, easily surpassing the return on the S&P 500 index, as seen courtesy of the Forbes chart below: ” 

 

 

 

Chart of stock prices for Ruger and Smith & Wesson. Dated Nov. 8, 2012.

He’s Good For One Private Sector Business

 

   “Gun maker stocks surged on early Wednesday morning as President Barack Obama’s re-election has stoked fears of tighter gun control measures in his second term.

Shares of the top two U.S. gun manufacturers Smith & Wesson and Sturm Ruger exploded early Wednesday morning, reports Investor’s Business Daily.

“The re-election of President Obama should drive political firearm sales,” said Benchmark & Co analyst Mike Greene.”