Sturm, Ruger Stock Drops Nine Percent
Kevin Felts 08.03.17
The market is awash with firearms, prices are dropping across the board, gun owners have a friend in the White House, and Ruger stock dropped nine percent drop in one day.
Gun owners have a buyers market, the likes that have not been seen in recent history. So, why aren’t people buying everything they can get their hands on?
Shares of Sturm, Ruger & Company plummeted nearly 10 percent on Thursday after the gun maker reported second quarter sales fell 22 percent from the year-ago quarter when President Barack Obama was in office.
In a press release, Sturm, Ruger attributed the drop to an unusual spike in demand last year associated with politics. The company said last year’s spike was “likely bolstered by the political campaigns for the November 2016 elections.”
Guys and gals, I am going to preach from the soap box.
Gun grabbers already say gun owners are reaction buyers. When there is talk of a gun ban, sales go up. It is pretty clear President Obama was the best gun sales person ever elected President. During the eight years Obama was in office, sales were through the roof. If the economy needed a boost, all Obama had to do was utter the word “gun”, and nothing else.
Not buying guns and ammunition while trump is president fuels the stereotype that gun owners are a bunch of paranoid rednecks. Only when there is talk of a gun ban are we concerned about our right to buy a firearm.
There is an old saying, “If you do not use something, you lose it.” Based on that saying, we should be exercising our rights to keep and bear arms regardless who is president.
We should be buying so many guns, that gun grabbers cry themselves to sleep every night. Why aren’t the gun grabbers waking up in cold sweat? Because gun owners stopped buying.