Skip to comments.Gun Maker's Stock Soars More Than 700% Since Obama's Inauguration in 2009
Posted on 12/18/2012 8:03:37 AM PST by CNSNews.com
Since President Barack Obama took the oath of office on January 20, 2009, the share price of firearms manufacturer Sturm, Ruger & Company has increased more than 700 percent.
At the close of business on the day of Obama's inauguration, the price of Ruger stock (Ticker: RGR) was $5.48 per share. At the end of the trading day on December 17, 2012, the price of the stock closed at $44.00 per share; an increase of 703 percent in less than four years.
But, Ruger isn't the only gun manufacturer that has seen an explosion in its stock value. Smith & Wesson shares (Ticker: SWHC) have increased 253 percent since Obama moved into the White House.
The price of SWHC was $2.45 per share when Obama was sworn in; it closed at $8.65 per share today, December 17, 2012.
When measuring the performance of Ruger's shares to that of the S&P 500, a stock market index based on the share prices of 500 publicly traded companies, the gains made by the firearms manufacturer are astounding.
The S&P 500 Index closed at 805.22 on the day Barack Obama took office. Today, the Index closed at 1,430.36; an increase of 78 percent.
This means that the price of Ruger stock increased more than 9X that of the broader market index.
Sturm, Ruger & Company trades on the New York Stock Exchange and Smith & Wesson trades on the NASDAQ Index.
They instinctively know that government is the most murderous force on earth, and their instincts are correct:
I’m guessing freedom loving Americans would rather die in a gun fire exchange rather than giving up their guns and dying by a bullet in the back of the head on the edge of a mass grave, from a tyrannical government.
Their stock is tanking now.
And I'm guessing you totally misread the majority of the gun buying public. We (lifelong shooters, collectors and gun activists) can't even get the Elmer Fudd duck hunters on board for this whole gun rights thing. I was in kalifornistan at the turn of the century when the commies passed so many totalitarian gun laws. The majority gun owning sheep didn't make a peep.
My guess is the gun buying phenomenon is mere panic. It happened in '08 and a few months later, all my gun forums were loaded with people trying to sell their guns (that they'd bought on impulse).
Regardless of the reason, my opinion is that the more guns in private hands the better. It will make it all that much harder for the government to confiscate them if it ever comes to that. And quite frankly, it would be impossible as it is. The NRA claims that there were 200 Million guns in private hands in 2000 and that is estimated to be 230 Million today. Of those 10-12 million were so called "assault weapons" in 2000 (although the definition of an assault weapon is ambigous so it could be more or less). Today it's 20-25 million million.
Those are numbers that make me jump for joy...
you can rest assured Congressmen and Senators got stock in Ruger