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sinkingfeeling

(51,276 posts)
Fri Apr 19, 2013, 11:36 AM Apr 2013

This will make you cry: Gun stocks lag after gun control bill fails

http://money.cnn.com/2013/04/18/investing/gun-stocks/index.html?hpt=hp_t5

On Thursday, the first full trading session since the bill was defeated, gun stocks lagged, and analysts fear this might be part of a wider trend.

In recent months, the fear of new restrictions has driven gun sales to all-time highs. Now, that incentive could be gone.

Alliant's (ATK, Fortune 500) stock price dropped 1.5% Thursday, after seeing its shares surge 38% over the last year. Ammunition maker Olin Corp. (OLN) fell 1.2%, after climbing more than 13% over the last year. Smith & Wesson Holding Corp. (SWHC) managed a 1.7% gain Thursday, while Sturm, Ruger (RGR) slipped 1.5%.

The stock price for Cabela's (CAB), a retailer dependent on gun sales, dropped nearly 5%.
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This will make you cry: Gun stocks lag after gun control bill fails (Original Post) sinkingfeeling Apr 2013 OP
You kidding? Now I can get ammo at a reasonable price. Eleanors38 Apr 2013 #1
You're not upset that the gun manufacturers aren't making enough? They sinkingfeeling Apr 2013 #2
Nope. Are you? Eleanors38 Apr 2013 #6
ARs, mags of all sizes, and ammo prices are falling. aikoaiko Apr 2013 #3
Maybe they'll finally be some ammo on the shelves now. DonP Apr 2013 #4
They should donate to Diane Feinstein to reintroduce her AWB. nt hack89 Apr 2013 #5
 

Eleanors38

(18,318 posts)
1. You kidding? Now I can get ammo at a reasonable price.
Fri Apr 19, 2013, 12:08 PM
Apr 2013

So many controllers make it a point of pride NOT to keep up with the issues, or even of standard news reporting.

sinkingfeeling

(51,276 posts)
2. You're not upset that the gun manufacturers aren't making enough? They
Fri Apr 19, 2013, 12:09 PM
Apr 2013

may have to cut their contributions to the NRA!

aikoaiko

(34,127 posts)
3. ARs, mags of all sizes, and ammo prices are falling.
Fri Apr 19, 2013, 12:13 PM
Apr 2013

I'd say they are still 25 - 50% higher than they were prior to the Nov election, but not nearly as high as they were between Dec and March.

For example, Bushmaster ARs are now below $1000.


 

DonP

(6,185 posts)
4. Maybe they'll finally be some ammo on the shelves now.
Fri Apr 19, 2013, 12:19 PM
Apr 2013

"The stock price for Cabela's (CAB), a retailer dependent on gun sales, dropped nearly 5%"

What kind of stock analysis is this? Cabela's sells a shitload of other outdoor gear from flashlights to 20 foot+ fishing boats, way beyond firearms.

In fact their gun department was so stripped clean in our local store they had to lay off some of the workers. Nothing to sell.

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