One explanation I read of the unusually high number of rounds used by DHS is that they allow boxes of ammo to be carried off by their agents for personal practice on their own time. If the military were to do that all hell would break loose.
In fact, it sounds like a neat little revenue source for agents who would play the system.
It also sounds like a neat little way to be unaccountable and ship large quantities of rounds to “Fast and Furious” type operations.
Top Tickers Trending
April 29, 2013
Gun shares were trending on Twitter as gun maker Sturm Ruger & Co. (NYSE:RGR) is scheduled to report first-quarter earnings after the bell. Analysts polled by FactSet project earnings of $1.06 a share on sales of $139.3 million, which will be in focus in light of the Newtown school shooting. Shares have gained 8% this year to date but have fallen 3.3% this month.
Fellow gun maker Smith & Wesson Holding Corp. (NASDAQ:SWHC) shares have gained 3.2% in 2013 so far and have also fallen more than 3% in April.