Ruger

Why do I call Obama the world’s greatest gun salesman?

I, and many others, call Barack Obama the world’s greatest gun salesman.

Why?

Well look at this:

RGR

That is the share price of Sturm Ruger & Co Inc since 2008 when Obama was first elected.  Read more »

Obama is the best gun salesman in the world

Barack Obama continues his reign as the best gun sales man in the world:

The consensus revenue estimate for Ruger is $131.65 million, which represents sales growth of approximately 17% year-over-year; but that is likely much too conservative after what we’ve seen over the past week or so. For one, the FBI’s National Instant Criminal Background Check System [NICS] shows demand for firearms increased by 107% over the same period a year ago and last quarter Ruger said it gained market share and it sales outpaced the growth indicated by the background checks.

Another data point came from Olin (OLN). The company disappointed with its results last week, but that’s because Winchester sales make up only about a quarter of the total company. Winchester’s total sales increased by 27.5% and its commercial sales increased by 40%. The total sales growth was modestly better than last quarter when it reported total sales growth of 27.1%.  Read more »

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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.

The Three Stooges

Check out these three stooges. Sainsbury cons the Clown of Campbells Bay, Browneye Bob and Aortic Len into the indignity of eating on national television.

Chomp, chomp, chomp, mmm the buns aren’t delicious but having the camera focus on this lot making fools of themselves certainly is.

What a bunch of weirdoes. Just nowhere in the same league as John Banks.