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NYC pension funds may sell $18 million in gun-related stocks
Rooters ^

Posted on 12/18/2012 4:47:17 PM PST by Red in Blue PA

New York City's pension funds may sell nearly $18 million worth of stock in four companies that manufacture guns and ammunition, a spokesman said on Tuesday.

----

New York's pension funds hold nearly $14 million worth of shares in ammunition maker Olin Corp, $1.7 million in gun maker Smith & Wesson Holding Corp, $2.4 million in gun maker Sturm Ruger & Co Inc and $17,866 worth of stock in Brazilian gun maker Forjas Taurus SA.

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


TOPICS: News/Current Events
KEYWORDS: awb; banglist; obama
Make no mistake about it. This is a coordinated, all out attack on on gun rights.

Time every gun owner to stand up and be counted, whether they are a bolt action guy or a black powder gal.

All in.

1 posted on 12/18/2012 4:47:26 PM PST by Red in Blue PA
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To: Red in Blue PA

So how much do they intend to make in profit from this tragedy?


2 posted on 12/18/2012 4:51:09 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Red in Blue PA
Make no mistake about it. This is a coordinated, all out attack on on gun rights.

The beneficiaries of those stocks must be ecstatic!

< /sarc >

3 posted on 12/18/2012 4:52:28 PM PST by publius911 (Look for the Union Label -- then buy something else)
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To: cripplecreek
So how much do they intend to make in profit from this tragedy?

All negative, in this case. Have you seen the increase in firearm slaes?

4 posted on 12/18/2012 4:54:12 PM PST by publius911 (Look for the Union Label -- then buy something else)
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To: publius911

If they want to make a statement, there must be some way of ditching the stock without accepting payment.


5 posted on 12/18/2012 4:55:46 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Red in Blue PA; y'all

Hey...go over to cheaperthandirt and see if you can purchase guns or ammo...


6 posted on 12/18/2012 4:57:17 PM PST by Bradís Gramma (Psalm 83)
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To: Red in Blue PA
New York City's pension funds may sell nearly $18 million worth of stock in four companies that manufacture guns and ammunition, a spokesman said on Tuesday.

A California teachers' pension fund just did the same thing. Meanwhile, gun and ammo sales are going through the roof.

Oh well... They made somebody happy!

7 posted on 12/18/2012 4:58:39 PM PST by Drew68
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To: Red in Blue PA
The godless homosexual communist baby killers, mafia, power trip degenerates, lawyers, and trade unionists running NYC, led by the MEGALOMANIAC KING BLOOMBERG, are going to sell a miniscule amount of the portfolio they use to fund the pensions of their apparatchik municipal workers, funds that have been extorted from their residents who actually work in the private sector and actually pay taxes.

Big deal.

Bread and Circuses, anyone stupid enough to reside in the communist city of New York who is not a part of their Apparatus is a dummkopf anyway.

8 posted on 12/18/2012 5:09:07 PM PST by Rome2000 (THE WASHINGTONIANS AND UNIVERSAL SUFFRAGE ARE THE ENEMY -ROTATE THE CAPITAL AMONGST THE STATES)
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To: Red in Blue PA

CALLING ALL LIBS: SELL! SELL! SELL!

So we can pick em up for a song.


9 posted on 12/18/2012 5:12:42 PM PST by joshua c (Please dont feed the liberals)
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To: Red in Blue PA

Since the gun industry is about the only one making money, seems like this is a way to have the pensions go broke faster.

All part of the agenda.


10 posted on 12/18/2012 5:14:32 PM PST by FrogMom (Chicken Little is coming, and he's right!)
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To: joshua c

“So we can pick em up for a song.”

I was thinking the same thing. lol


11 posted on 12/18/2012 5:15:31 PM PST by BlessingsofLiberty (Remember Brian Terry...)
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To: Red in Blue PA

Vice Fund
http://en.wikipedia.org/wiki/Vice_Fund


12 posted on 12/18/2012 5:18:15 PM PST by 2ndDivisionVet (I'll raise $2million for Sarah Palin's presidential run. What'll you do?)
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To: joshua c

I already have a profit on the Sturm Ruger shares I bought this morning.

Having put on their show today, I expect these so-called money managers will quietly start re-acquiring shares so as to avoid being sued for malfeasance by their clients—Profitable companies are few and far between these days.


13 posted on 12/18/2012 5:25:02 PM PST by Arm_Bears (Ted Kennedy's Oldsmobile has killed more people than my guns.)
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To: publius911

I’ve sure seen it!

On Saturday I called a Cabelas and had them put a new shotgun on hold. Sunday, I drove 3 hours to get there. Had to take a number and wait for 2 hours to speak to any of the 8 folks at the gun counter. It took an hour to process and pay for the gun. The place was packed and there was never less than 40 people waiting to be helped. It was a madhouse.


14 posted on 12/18/2012 5:27:16 PM PST by Gator113 (**WHO in the hell gave the damn order to NOT rescue our men in Benghazi?**)
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To: Arm_Bears

“Having put on their show today, I expect these so-called money managers will quietly start re-acquiring shares so as to avoid being sued for malfeasance by their clients—Profitable companies are few and far between these days.”

Sell the stock, then buy the stock.

Used to be called “Churning the account.”

However, in the case of edumacator pension fund managers, give ‘em a Mulligan.


15 posted on 12/18/2012 5:33:35 PM PST by GladesGuru (In a society predicated upon freedom, it is necessary to examine principles."..)
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To: Brad's Gramma

Gunbroker for weapons and Ammoman.com for ammo.


16 posted on 12/18/2012 5:36:09 PM PST by Renegade
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To: Renegade

I wonder who they caved in to...


17 posted on 12/18/2012 5:43:30 PM PST by Bradís Gramma (Psalm 83)
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To: Brad's Gramma

Probably an a-hole named Bloomberg. They will lose a lot of money! Sturm-Ruger stock went up 900% since Obozo’s coronation


18 posted on 12/18/2012 5:49:13 PM PST by Renegade
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