Obama is the Greatest Gun Salesman of All Time, Ctd

Obama has sold more guns than almost anyone ever before and his decision yesterday has caused runaway sales yet again:

The Obama administration announcement that they are supporting a new Assault Weapon Ban, and a ban on high capacity magazines, has sent shockwaves through the industry. All day consumers have been buying guns, ammunition and magazines.

Brownells is fast running out of stock of 5.56mm NATO and magazines. They still have 20 and 30 round aluminum magazines in stock but they are have run out of 30 round Magpul magazines and 5.56mm ammunition. They still have some premium .223 Remington ammunition in stock, but it won’t last long.

Ammunition retailer Luckygunner.com is out of stock of both .223 Remington and 5.56mm NATO.

To deal with the buying frenzy gun retailer Cheaper Than Dirt has bumped up magazine prices. They doubled the price of a Magpul PMAG from $30 to $60. This did not stop people buying them. The Magpul magazine went out of stock a couple of hours ago. The laws of supply and demand dictate that prices will increase. I suspect many online retailers would have liked to bump up prices but were swamped with orders before they were able to react to the situation.

While sales are increasing Obama’s decisions are destroying share prices in American companies:

Ruger (RGR) and Smith & Wesson’s (SWHC) share price has continued to take a hit. According to the WSJ, investors are worried that legislation will harm sales.

The fact remains that Obama is the greatest gun salesman of all time.

 


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  • Spiker

    $30 regular price for a PMAG doubled to $60 that nuts, mine cost me $16. Cheaper than gold dirt maybe.
    Talking of mags pre election I read on a forum of a guy who got bitten in the Clinton ban & learned his lesson. He bought $5000 worth of alloy AR15 at less than $8. I think he’d be pretty pleased with his investment right now.

  • fozzie2

    The tide is turning – thank god – even the craziest are beginning to see the light !

    http://www.stuff.co.nz/world/americas/8100388/Bill-O-Reilly-advocates-for-gun-control

  • Catweasel321

    What is it about the US RW internet lunacy that turns our own home grown variety into so many mimicking wannabes.

    Really, Obama and 2nd Amendment rights. You guys do know that neither of these are NZ based, right?

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