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Gun Sales Surge: An Obama Bounce?
CNBC ^ | September 8, 2012 | Allen Wastler, managing editor

Posted on 09/08/2012 2:21:33 PM PDT by 2ndDivisionVet

The gun business is booming. The question is, why?

Smith & Wesson stock Friday was zooming, thanks to a stellar earnings report. The firearms maker also boosted its outlook for the rest of the year. Because of the strong business, its backlog of orders more than doubled from the same quarter last year, the company is concentrating on boosting production and building inventory.

“We are underserving the market at this moment, we all know that, and that's a great opportunity going forward for us,” CEO James Debney said in a conference call with analysts.

And another gun maker, Sturm, Ruger & Co., also hit a milestone of sorts in terms of meeting consumer demand. It produced its one-millionth gun of the year…well ahead of last year’s pace.

"It took us nearly all of 2011 to build one million firearms, but in 2012 we accomplished it on August 15th,” said Ruger President and CEO Mike Fifer in a statement.

What’s driving the demand that has gun makers cranking up production?

Speculation has focused on fears of a coming regulatory crackdown on gun ownership. Liberal administrations tend to be anti-gun and so, the thinking goes, an Obama re-election would set the stage for stricter gun purchasing requirements. Hence, people are buying now in anticipation of difficulty later....

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Conspiracy; Government; Politics; Society
KEYWORDS: 2012; 2ndamendment; banglist; democrats; denocrats; donttreadonme; firearms; gungrabbers; lping; obama; secondamendment; shallnotbeinfringed; youwillnotdisarmus
Duh!
1 posted on 09/08/2012 2:21:40 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

UN buffoon heads are exploding.


2 posted on 09/08/2012 2:33:23 PM PDT by FlingWingFlyer (On 5 September 2012 A.D., the communist Democrats tried to kill God and failed.)
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To: 2ndDivisionVet

Some are not buying in anticipation of difficulty buying later. Some have bought so they will have them when they need to use them, later. Difficulty, indeed. How about outright prohibition? Didn’t work for alcohol and drunks couldn’t shoot straight, anyway.


3 posted on 09/08/2012 2:39:51 PM PDT by ammomajor (If 'helicopter Ben' says gold isn't money, I want more of it.)
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To: 2ndDivisionVet
Yep, I was part of that surge today.

Picked up a nice new Rock River Arms LAR15 Elite Operator 2 for a very nice price. Front and stand-alone rear sights, full top rail, extra 30 round magazine, carry handle for well under $1k.

Already like it better than the S&W M&P 15 I picked up a few weeks back. :-)

4 posted on 09/08/2012 2:46:22 PM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: 2ndDivisionVet

Firearms sales started skyrocketing back in 2008 (Obama anticipation) and are still going gangbusters.

The real question is; where is the corresponding spike in gun crime?


5 posted on 09/08/2012 2:47:52 PM PDT by umgud (No Rats, No Rino's)
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To: 2ndDivisionVet

Obama has made owning a gun quite fashionable.


6 posted on 09/08/2012 2:48:16 PM PDT by buffaloguy
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To: 2ndDivisionVet

As someone who works part time in a gun shop, I can tell you business has been BOOMING over the last few weeks. People buying cases upon cases of ammo and more guns than we can keep in stock.


7 posted on 09/08/2012 2:57:00 PM PDT by eXe (Si vis pacem, para bellum)
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To: 2ndDivisionVet

Would it not be nice if other types of business,s were booming?

The reason other business,s are not booming is because of the regulations to keep them from booming.

People are spending their hard earned money for fire arms, i guess because it is still legal.


8 posted on 09/08/2012 2:58:22 PM PDT by ravenwolf
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To: 2ndDivisionVet

Earlier this year, Ruger has to shut down orders for a while to fulfill the magnitude of orders they had. I bought my Ruger shortly before this happened.


9 posted on 09/08/2012 2:59:00 PM PDT by Marcella (Conservatism is dead. PREPARE)
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To: usconservative

I was surprised to see that my local Wal-Mart had several under $1,000 5.56 “assault rifles” but of course, this is Texas.


10 posted on 09/08/2012 3:01:29 PM PDT by 2ndDivisionVet (You cannot invade the mainland United States. There would be a rifle behind every blade of grass.)
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To: usconservative
“Front and stand-alone rear sights, full top rail, extra 30 round magazine, carry handle for well under $1k.”

Guns are so expensive, I don't know how you guys have so many. My Ruger revolver a few months ago, ate up a $500 bill. I already had a Colt 38 special that is many years old, belonged to my husband, so don't know how much that one cost.

Are gun companies raising prices because people want guns?

11 posted on 09/08/2012 3:13:15 PM PDT by Marcella (Conservatism is dead. PREPARE)
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To: umgud
The real question is; where is the corresponding spike in gun crime?

Um... maybe it's been overshadowed by the corresponding reduction in violent crime?

12 posted on 09/08/2012 3:24:04 PM PDT by Standing Wolf
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To: Marcella

I recently purchased a S&W 38 chiefs special for my CC gun. Love the feel of it and will fit just fine in handbag or waist holster. Set me back about $450. Mr C4E said I done good.


13 posted on 09/08/2012 3:25:18 PM PDT by Conservative4Ever (The Obamas = rude, crude and socially unacceptable)
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To: Marcella

“Are gun companies raising prices because people want guns?”

I am not sure if they are or not. I do know there was a large margin from MSRP and what retailers pay for them. A lot of retailers are seizing the moment to increase their profit. In my opinion that is supply and demand.

I am not a retailer.


14 posted on 09/08/2012 3:33:22 PM PDT by hadaclueonce (you are paying 12% more for fuel because of Ethanol. Smile big Corn Lobby,)
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To: umgud
The real question is; where is the corresponding spike in gun crime?

Chicago. Bang! Bang!

15 posted on 09/08/2012 3:34:21 PM PDT by IYAS9YAS (Rose, there's a Messerschmitt in the kitchen. Clean it up, will ya?)
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To: 2ndDivisionVet
I was surprised to see that my local Wal-Mart had several under $1,000 5.56 “assault rifles” but of course, this is Texas.

Wally World has the DPMS Sportical for under $580 in my Michigan Walmart.

16 posted on 09/08/2012 3:35:44 PM PDT by Yo-Yo
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To: Conservative4Ever
“Set me back about $450.”

That is so much money and my Ruger was a bit over that. Hollow points and target type bullets I bought cost over $150 and that's not a huge amount of bullets. I don't have cases of bullets like most have.

I'll be hunkering at home and not out among people or camping in the woods or heading to a bug out location.

17 posted on 09/08/2012 3:36:38 PM PDT by Marcella (Conservatism is dead. PREPARE)
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To: Yo-Yo

Yeah, these were all between $500 and $900. Don’t recall the model names of manufacturers since I’m in no way in the market for an AR-15 type. Lucky to have generic macaroni & cheese on the table most times. LOL


18 posted on 09/08/2012 3:41:09 PM PDT by 2ndDivisionVet (You cannot invade the mainland United States. There would be a rifle behind every blade of grass.)
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To: usconservative

If you can swing it, you might want to pick up some extra mags....like about 10 or so.


19 posted on 09/08/2012 3:41:20 PM PDT by MachIV
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To: Yo-Yo

I saw one at a Walmart in Clarksville, IN which is a northern suburb so to speak of Louisville, KY. Yeah, I was surprised too.


20 posted on 09/08/2012 3:42:45 PM PDT by MachIV
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To: Marcella

Probably. Basic supply and demand.


21 posted on 09/08/2012 3:45:14 PM PDT by MachIV
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To: Marcella

Mr. C4E and I are in our 60s. Any walking long distance and I’m on a cane. I am armed because I couldn’t outrun an assailant and I would be on the ground in one shove. I refuse to be a victim and will go down fighting.I am fortunate as I can budget purchases of ammo for my. 38 and my. 380. My priorities are ammo over artificial nails. But, that’s just me.


22 posted on 09/08/2012 4:08:29 PM PDT by Conservative4Ever (The Obamas = rude, crude and socially unacceptable)
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To: Marcella

“Guns are so expensive, I don’t know how you guys have so many. “

Higher demand equals higher prices. But if you plan ahead, its not a big deal to accumulate some guns.


23 posted on 09/08/2012 4:18:24 PM PDT by GenXteacher (You have chosen dishonor to avoid war; you shall have war also.)
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To: Conservative4Ever
“Any walking long distance and I’m on a cane. I am armed because I couldn’t outrun an assailant and I would be on the ground in one shove. I refuse to be a victim and will go down fighting. My priorities are ammo over artificial nails. But, that’s just me.”

I will be 80 next month. Had right knee surgery some years ago and excessive walking on that knee will stop me. A cane doesn't help at that point, too much pain to continue so I understand your problem. I'll be in my house and kill anyone trying to get in. I have secured the house, windows and doors (doors can't be kicked open). I'll hear alarms going off if windows or doors are touched enough to cause the vibration detectors to go off.

I can buy more ammo if I want and probably should. Too bad you gave up the artificial nails. I was always afraid those would set up an infection as some did, but my fingernails were, and are, long enough for me as I have to file them to shorten them so I don't look like Dracula.

Thanks for your post.

24 posted on 09/08/2012 4:21:07 PM PDT by Marcella (Conservatism is dead. PREPARE)
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To: Marcella
I bought my Ruger shortly before this happened.

I placed an order a week ago. They checked, and the stock at all Ruger distributors is at zero. The store does not know when the order will be fulfilled, but their guess is 2 months.

Firearms are purchased not only as tools; they are also a very liquid store of value, and they last forever. Most importantly, the value of these goods will increase after TEOTWAWKI - in opposite to most other goods. Food, guns, ammo, medical supplies - these are the prime trading goods. Guns also wear out with use (barrels worn out, rusted, parts broken or lost, entire weapons lost) - this ensures that the market remains active and you can always trade your spare guns for someone else's spare food or gas or a vehicle.

Obama is, of course, an excellent firearms salesman. But it's not just his personal policies that drive the demand. The heavy train of the USA is picking up speed on the downward slope, and even the best President will not be able to reverse fast enough. It may require a new generation of americans, if we start right now, to grow up with understanding that work is good, and that the moral norms of the Bible are there for a reason. Or we may need our own Joe Stalin to explain to millions of useless Sandra Flukes and her fellow travelers why they will go to this factory and will work these lathes and mills.

25 posted on 09/08/2012 4:24:26 PM PDT by Greysard
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To: MachIV
If you can swing it, you might want to pick up some extra mags....like about 10 or so.

ROFL! GMTA. ;-)

26 posted on 09/08/2012 4:25:07 PM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: usconservative

Now you need to buy ammo - a lot of ammo. And many pmags.


27 posted on 09/08/2012 4:34:06 PM PDT by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: Marcella
Guns are so expensive, I don't know how you guys have so many.

Let me simply say this: I live a very frugal lifestyle. I live well below my means, don't spend more than I can knowingly pay off in a month (I pay $0 in "interest on anything) so when I see a "good buy" on something I like or want, I can pull the trigger on it.

My sons (14 & 16) just inherited the S&W M&P15 I bought a few weeks ago to shoot up at grandma and grandpa's. I had zero intent in buying my Rock River Arms when I walked into the store today. I was there for ammo and a case only. When the wife asked what I was thinking about for my upcoming birthday, I pointed at the H&K AR-15 model behind the counter. Price tag: $2,800+ I was asked if I wanted to hold it, so I said sure. Fell in love with the weapon (I've been reading up on that specific model for months now) but couldn't handle the price.

Then I was handed the Rock River LAR15 and really liked it. The fit, quality, etc.. was incredible - I'd say as good as the H&K (or better) and I say that as a complete H&K bigot. The RR LAR15 is only the second non-H&K weapon I've ever purchased.

When we got home, I told the kids the S&W M&P15 Sports was "theirs" when we go up to Michigan. Yes, I teach my kids to shoot, the youngest one is a dead-eye with Grandpa's 308, he can hit a quarter at 100 yards. The older one ain't bad either (but he can't hit the quarter, he gets within an inch, but younger brother has the bragging rights.)

Keep in mind I live 30 miles SW of Chicago here in the People's RepubliK of Illannoyed, so when the SHTF I can at least defend myself on my way OUT of this shithole of a state.

28 posted on 09/08/2012 4:36:41 PM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: SVTCobra03
Now you need to buy ammo - a lot of ammo. And many pmags.

I trust you've seen my tagline (which hasn't changed since November 5th, 2008...)

29 posted on 09/08/2012 4:38:54 PM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: Greysard
“They checked, and the stock at all Ruger distributors is at zero.”

That's what I found out/read very soon after I bought mine. I bought it Feb. 28, this year at an Academy store here in Texas.

So, they still haven't caught up on orders. At least you will get it in a couple of months.

30 posted on 09/08/2012 4:50:39 PM PDT by Marcella (Conservatism is dead. PREPARE)
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To: usconservative
“Keep in mind I live 30 miles SW of Chicago here in the People's RepubliK of Illannoyed, so when the SHTF I can at least defend myself on my way OUT of this shithole of a state.”

If I lived there, the first thing I would do is have a nervous breakdown. I'm sure you are ready to leave there at the first sign of big trouble. Good luck to you and I mean it.

31 posted on 09/08/2012 4:58:50 PM PDT by Marcella (Conservatism is dead. PREPARE)
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To: Marcella
I'm sure you are ready to leave there at the first sign of big trouble.

You know it. :-) I almost posted some high-level details of our preparations, but thought better of posting them. Suffice it to say, we can bug outta here in less than 20 minutes.

32 posted on 09/08/2012 5:11:37 PM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: SVTCobra03

It’s a viscious cycle. If ya too much ammo, then ya have to buy another gun. Oh dear, what to do!


33 posted on 09/08/2012 5:12:07 PM PDT by SgtHooper (The last thing I want to do is hurt you. But it's still on the list.)
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To: usconservative
“I almost posted some high-level details of our preparations, but thought better of posting them.”

I do that all the time - start to give prep details, then erase it and start over. It's the pits we can't communicate without fearing zombies or the government (that is full of zombies waiting to grab us).

34 posted on 09/08/2012 5:24:34 PM PDT by Marcella (Conservatism is dead. PREPARE)
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To: usconservative
“I almost posted some high-level details of our preparations, but thought better of posting them.”

I do that all the time - start to give prep details, then erase it and start over. It's the pits we can't communicate without fearing zombies or the government (that is full of zombies waiting to grab us).

35 posted on 09/08/2012 5:27:00 PM PDT by Marcella (Conservatism is dead. PREPARE)
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To: SgtHooper
It’s a viscious cycle. If ya too much ammo, then ya have to buy another gun. Oh dear, what to do!

Always keep these words of wisdom in mind.


36 posted on 09/08/2012 6:46:07 PM PDT by 300winmag (Overkill Never Fails)
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To: usconservative

Just curious. Do you have a specific place to go? By that I mean a dwelling well into the woods and off the beaten path.


37 posted on 09/08/2012 7:09:12 PM PDT by OldPossum
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To: OldPossum

Yep. Well off the beaten path. nearest neighbor would be about 2 miles away, one way to the house, up a half-mile gravel road that I have a clear shot on anyone coming up it. :-)


38 posted on 09/08/2012 7:20:26 PM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: usconservative

Well, good for you!


39 posted on 09/08/2012 7:26:50 PM PDT by OldPossum
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To: OldPossum
Well, good for you!

The thing is, when we bought the place 20 years ago, the thought of having to use it as my bug-out shelter never crossed my mind.

It's always been a summer retreat/winter get-away to get away from the bullshit of city life. How times have changed.

40 posted on 09/08/2012 7:37:50 PM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: Marcella

“I don’t know how you guys have so many”

In 1993 soon after Clinton was elected, I could see the writing on the wall, I started buying guns and ammo and have not looked back since!


41 posted on 09/08/2012 8:34:38 PM PDT by longhorn too
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To: Marcella
Bless you. Sounds like you have your home/security well under control. The artificial nails were just an alliteration example...not interested then, not interested now...I think us older gals have our priorities down pretty good. :-)
42 posted on 09/09/2012 12:22:59 AM PDT by Conservative4Ever (The Obamas = rude, crude and socially unacceptable)
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To: 2ndDivisionVet

BTTT


43 posted on 09/09/2012 7:18:16 AM PDT by Dr. Pritchett
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To: Marcella

Prices seem to have been relatively stable this year for both guns and ammunition, owning to an increase in supply as well as demand. Unlike three years ago, ammunition shelves (at least in my region) are heavily stocked and firearms inventories are being replenished even though guns stores are clearly doing a brisk business.


44 posted on 09/09/2012 7:24:00 AM PDT by andy58-in-nh (America does not need to be organized: it needs to be liberated.)
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To: harpseal; TexasCowboy; nunya bidness; AAABEST; Travis McGee; Squantos; wku man; SLB; ...
Click the Gadsden flag for pro-gun resources!
45 posted on 09/10/2012 5:33:01 AM PDT by Joe Brower (Sheep have three speeds: "graze", "stampede" and "cower".)
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To: usconservative
Two weeks ago I went to the gun show (before they close that "loophole" ~nudge nudge, wink wink~) and bought a new Sig MK25 and a Rossi Circuit Judge. Then I went sailing with my best buddy and accidentally lost them both over the side in over a thousand feet of water. ~sigh~ Time to start all over...
46 posted on 09/10/2012 9:57:23 AM PDT by ExSoldier (Stand up and be counted... OR LINE UP AND BE NUMBERED...)
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To: ExSoldier

Man, talk about a tragedy! The same thing happened to me just yesterday. I was taking the boys out bass fishing when all of a sudden this big wave turns the boat over, sinking our fishing equipment, my beer cooler and my guns to the deepest part of the murkiest part of the lake. I fear they’ll never be recovered. And here I spent all my money on them, never to be replaced.


47 posted on 09/10/2012 11:02:54 AM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: 2ndDivisionVet

I contributed to the bounce this weekend :)


48 posted on 09/10/2012 11:28:27 AM PDT by Godzilla (3/7/77)
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To: Marcella

An old saw states that a good handgun always costs about one ounce of gold.

Prices aren’t going up, the value of a buck is plummeting.


49 posted on 09/10/2012 11:35:48 AM PDT by ctdonath2 ($1 meals: http://abuckaplate.blogspot.com)
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To: umgud
"...where is the corresponding spike in gun crime?"

At the ATF, there its called Fast and Furious.

50 posted on 09/11/2012 7:24:15 AM PDT by gnarledmaw (Obama: Evincing a Design since 2009)
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