Skip to comments.Gun industry thrives in face of ban proposal
Posted on 01/16/2013 5:48:34 PM PST by tobyhill
Gun stocks rose Wednesday, even as President Obama called on Congress to pass an assault weapon ban.
The stock prices for Smith & Wesson Holding Co. (SWHC) and Sturm, Ruger & Co. (RGR) rose about 4%. The stock for Sturm, Ruger has risen 13% in the month since the shooting at a Newtown, Conn., elementary school that left 20 children and six educators dead.
Retailers that specialize in guns have also done well. The stock price for Cabela's (CAB) surged 6% on Wednesday and has gained 20% over the last month. Dick's Sporting Goods (DKS, Fortune 500) notched up slightly, and has gained 6% over the month.
Obama issued the call for the assault ban as part of a broad response to the Newtown shooting.
"Congress should restore the ban on military style assault weapons and a 10-round limit for magazines," the president said. Obama was referring to a 10-year ban that expired in 2004, which limited the capacity of magazines and restricted military-style features on semiautomatic rifles.
(Excerpt) Read more at money.cnn.com ...
In 1994, scary-looking guns were exotic. Now, they’re mainstream.
Almost every gun shop I visit has a photo of Obama, framed with a brass rectangle that reads “Salesman of the Year”.
After it plunged by 1/3 shortly after the Colorado and Oregon shootings.
Buying Ruger after after a shooting is always a profitable investment.
You're either misreading or misrepresenting the chart ?
Here are the dates of those shootings plotted on an fuller version of your chart - which includes the date of the CO shooting. It also plots the high and low during that period since July.
Note that Ruger went up $17.22 or 40% AFTER the CO shooting, and began a downward correction BEFORE the OR shooting. After the OR shooting it did continue down by 17% (of the 33% correction) before going up again to a higher price than at the time of the OR shooting.
The orange line in this chart - the stock's level at the time of the CO shooting - clearly shows that but for a very few days in mid December, the stock has since been at higher to very higher levels.