Tuesday, November 11, 2008

Gun Run?

Maybe another investment idea? Probably not, unless your doing it for a trade but was talking to an investor about Sturm, Ruger & Company (RGR) today.


Numerous reports around the U.S. indicate that citizens have been racing to purchase both guns and ammunition before Obama takes office next year. On Election Day, a Cheyenne, Wyoming, gun store set a one-day sales record -- then broke that record the next day. The Franklin Gun Shop outside Nashville sold more than 70 guns on Election Day. It was the biggest sales day since opening its doors eight years ago.

The day after Obama was elected, the owner of a shop outside Salt Lake City sold nine assault weapons -- and another gun store owner in Fort Worth reported sales of $101,000 in merchandise, shattering its single-day sales record.

NRA spokewoman Rachel Parsons has a theory on the gun run. It is quite apparent, she says, that people are concerned that Obama truly has had a radical record of opposition to the Second Amendment.

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