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Smith & Wesson Announces 48% Surge In Gun Sales
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(snip)
With gun control becoming part of the national debate over the last week in the aftermath of NBC Sports anchor Bob Costas’ comments, Smith & Wesson have announced a 48% surge in firearms sales and a quarterly profit of $21.2 million dollars.
“Net sales from continuing operations for the second quarter were a record $136.6 million, up 48.0% from the second quarter last year,” states a press release by Smith & Wesson Holding Corporation.
In addition, gun stores across the country reported a deluge of customers, with some owners estimating a 400% increase in sales compared to normal trading. “It was the largest day that we’ve ever had,” one gun store owner told WKYT.
The majority of customers, many of whom are first time gun owners and women, say that they are purchasing firearms for two primary reasons – fear of social unrest in the aftermath of an economic collapse and concerns that President Obama will use some of his political capital to enact strict gun control legislation.
The Obama administration’s support for the United Nations Arms Trade Treaty (ATT), on which final discussions are to take place in March, has also stoked fears that global treaties could be used to curtail the second amendment.
“I have maintained for quite some time that the only true “consumer confidence” statistic one should look at is that of gun sales. The bottom line is people do not hoard guns when they are confident about the future of the country, and gun sales have never been better,” writes Mike Krieger.
[link at Austin blow hard]
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