Gun Sales Tanking?

By Robert Farago

The huffingtonpost.com’s take on guns is like Candide in reverse. When it comes to firearms, the anti-gun site’s writers live in the worst of all possible worlds. Every story on guns indicates a “gun violence” epidemic. Every study proves that owning guns is like juggling vials of anthrax. So when I read John A. Tures’ article Why Gun Manufacturers Are in Serious Financial Trouble “celebrating” AR-15 maker Colt’s descent into bankruptcy, I looked for the usual malicious prevarication. Uh . . .

 

. . . it’s not just Colt that’s going down the drain. Sturm, Ruger’s sales are dropping dramatically. So are Smith & Wesson’s (number two in the industry), both which are leading to dropping stock prices. It’s a similar story for gun stores, as one Georgia business reported difficulties even giving an AR away.

Following the Ruger link to money.cnn.com, we learn that . . .

Sturm, Ruger (RGR) of Southport, Conn., one of the most prominent gunmakers, reported a plunge in sales and profit this week that sent its stock into a tail spin on Thursday. Net sales over three months went …read more

Source:: Truth About Guns