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.