Smith & Wesson shares surged as much as 14% and Sturm, Ruger & Co. climbed as much as 9%.
The moves also comes as Smith & Wesson raised its profit guidance for the April-ending fiscal year.
Smith & Wesson shares have surged 180% in the last 12 months, and Sturm, Ruger is up 89%.
The performance of Smith & Wesson stock over the last 5 years:
Obama's executive order would require more gun sellers to get licenses and more gun buyers to undergo background checks.
-RW
Also see: Gun Ownership and the Second Amendment
Obama has been the best thing going for the gun industry. Even if his so called attempts to limit the 2nd amendment have been pretty much ineffectual. From what I got from this new order he signed, he is hiring more agents to do background checks, so States like Alaska will actually see a net positive from this. HAHAHA
ReplyDeleteAnd as much as the republicans are fear mongering about it all, republicans have pretty much the same idea as far as gun restrictions go, as pointed out by Adam Dick on the Liberty Report.
http://www.ronpaullibertyreport.com/archives/on-gun-control-obama-looks-like-reagan-and-bush
NIce
ReplyDeleteAs far as i know that Obama is doing great job. He takes more initiative becoming the most holding gun countries. That's why he helps the gun growing companies.
ReplyDelete