Firearms Demand Slipping
December 17, 2009
Firearms demand has surged in 2009, as public gun-makers Smith & Wesson and Sturm, Ruger & Co. reported sharp profit spikes largely driven by fears that the Obama Administration would impose new gun-control laws.
The laws haven't materialized, and the companies are expecting orders to fall with the public, yet remain steady with law enforcement agencies, the Wall Street Journal reports.
Smith & Wesson expects 35 percent of its revenue to come from its law enforcement clients in the current quarter, while Sturm Ruger sells more of its products to civilians.
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Morning Eagle @ 12/17/2009 10:51 PM
The article is not exactly correct where it says the laws have not yet materialized. Just two examples: HR 45 which will be extremely restrictive if it becomes law has been quietly making its way through congress since about last January. Also, the secretary of state is trying to go around through the back door and has announced US support for the UN's global gun control (spell that people control) treaty which previous adminstrations have steadfastly resisted. Anyone who thinks the current administration's anti-Second Amendment agenda is not alive and well is just not paying attention to what is going on in that venue.
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