Gun demand slows in America
Fears of new firearm restrictions arose after last year's Sandy Hook school shooting, but those appear to be fading with time.
By Christopher Freeburn
Americans appear to be buying fewer guns in recent months, compared with earlier this year, when firearm sales seemed to be exploding.
This week, two gun manufacturers have posted data showing sales are slowing. Remington Outdoor says 2013 sales will grow between 34% and 37% year over year (down from 51% from 2013's first nine months), while Smith & Wesson (SWHC) announced a 2% sales improvement and a 20% drop in earnings during its most recent quarter.
In November, federal background checks slipped by 10% from 2012, The Wall Street Journal notes.
On the flip side, not all gun-related stocks are seeing a downturn. Last month, Sturm, Ruger & Co. (RGR) announced third-quarter earnings up 64% over the previous year as sales surged by 45%. And outdoor retailers Cabela's (CAB) and Gander Mountain have big expectations on the expansion front.
Gun sales surged during the first half of the year as gun owners scrambled to purchase firearms in anticipation of potential new gun-control measures in the wake of the December 2012 massacre at Connecticut's Sandy Hook Elementary School, in which 20 children and six adults were killed by a lone shooter.
However, despite the death toll and resulting public outrage, new regulations failed to gain traction in Congress. In April, even a measure designed to tighten gun sales background checks -- generally considered the most moderate gun control proposal -- could not attract enough votes to clear the U.S. Senate. Meanwhile, gun control legislation has scored only limited victories in a small number of states.
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It is good to see the manufactures finally catching up to demand. And armed citizenry is good for the republic. Only the left fears that.
The good part is all these yuppies will be selling them high priced guns at yard sales reaaaaaaal soon!
I cant wait! Yard Sale Guns!
Zippy: You have to realize these right wing losers live in crappy areas where it`s kill or
be killed.If you have education you`re more liberal and can live in good areas.
These are the highest homicide by GUN
Oakland California 108
New Orleans Louisiana 107
Memphis Tennessee 126
Kansas City Missouri 89
Cleveland Ohio 73
Milwaukee Wisconsin 66
Tulsa Oklahoma 39
REPUBLICAN MY BUTT
These municipalities have some of the strongest gun laws in the country
Those demoncats just can't help shootin each other
DLH:Apparently you don`t read much.Two days ago it was reported that American families
are RICHER THAN EVER.Just because the DOW is up 8,000 points with Obama and there`s
more millionaires minted every 24 hours than ever before is no need to be optimistic.
Actually those of us who buy guns and ammunition are going to buy more. With the demand dropping hopefully we can buy more high end weapons. The semi-autos are especially will be in demand if the prices drop even 10-20%. Ammunition hopefully will follow. It is better to buy a thousand rounds that boxes of 50.
Can't wait until the Urban hordes start visiting the suburbs.
Maybe with decreasing demand, .22 ammo will come back onto the shelves...haven't found any here in Alabama for 12 months. Not at anything like a good price, that is--I refuse to pay $12/bx for a 25-rd box of 'match' ammo. ALL .22 ammo is 'match' to ME--I match 1 bullet to 1 target, every time.
Last 525-rd brick I bought had 3 price tags on it, all at the same gun shop: $19.95, $29.95, $34.95. That means whatever was paid for it, it was marked up 3 times, and the last 2 markups represent all profit. But its' not "price-gouging," it's "supply-and-demand," right?
What is the sense of purchasing a gun when you cant buy ammo.Thanks to Homeland security buying up all the ammo & gun powder for re-loading. Also shutting down the molting plants for lead. Thats the problem! We need to IMPEACH Obama & rid of the rest of the Goverment. Start fresh. I vote for Jesse Ventura 2016 that is a TRUE AMERICAN!!!!
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Do it once a year. This allows the best-performing asset classes to take off and run.
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