The drop
After record gun sales credited to the election of Barack Obama, it looks like gun manufacturer stocks are slipping. Signaling that the Great Obama Gun Rush is coming to a close?
Remember, I do this to entertain me, not you.
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June 24th, 2009 at 10:26 am
Does this mean that ammo will start being more available and cheaper?
June 24th, 2009 at 10:29 am
The shortage of desirable firearms at reasonable prices has finally been reflected through a smaller increase year over year in background checks for gun purchases.
15% year over year quarterly sales increases are still OK, just not overwhelmingly as positive as the nearly 50% year over year growth of previous quarters.
Another way of headlining this story might be, “Firearms buyers unwilling to spend yet another mortgage payment on yet another firearm.”
June 24th, 2009 at 12:10 pm
Well, not exactly news to people watching as Ruger went to great pains to define this possibility in their annual report. They also were ramping up in a measured manner so as to not develop a huge warehouse stock.
On the other hand, there are those like me, who have been waiting for the slow down to make purchases of desired firearms. So I would expect the decline to be a gentle slope.
June 24th, 2009 at 12:29 pm
Ah, but the damage has been done.
Even if not another firearm was sold, think about the message that has already been sent “We bought a lot of guns. A whole *&^ing lot of ’em. Don’t even think of touching them.”
These are perishable items.
June 24th, 2009 at 2:30 pm
Yep, Robb’s right.
Piss us off and see how many more we’ll buy. Maybe rope, tar, and feather futures will take off, too.
Regards,
Rabbit.
June 24th, 2009 at 9:50 pm
I’ll be buying a new gun for July 4th.