Skip to comments.NYC pension funds may sell $18 million in gun-related stocks
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 ...
Time every gun owner to stand up and be counted, whether they are a bolt action guy or a black powder gal.
So how much do they intend to make in profit from this tragedy?
The beneficiaries of those stocks must be ecstatic!
< /sarc >
All negative, in this case. Have you seen the increase in firearm slaes?
If they want to make a statement, there must be some way of ditching the stock without accepting payment.
Hey...go over to cheaperthandirt and see if you can purchase guns or ammo...
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!
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.
CALLING ALL LIBS: SELL! SELL! SELL!
So we can pick em up for a song.
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.
“So we can pick em up for a song.”
I was thinking the same thing. lol
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.
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.
“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 clientsProfitable 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.
Gunbroker for weapons and Ammoman.com for ammo.
I wonder who they caved in to...
Probably an a-hole named Bloomberg. They will lose a lot of money! Sturm-Ruger stock went up 900% since Obozo’s coronation