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Major US Gun Producers' Stock Prices PLUMMETING - Sweeping Gun Laws On The Way

 
Anonymous Coward
User ID: 29958055
United States
12/18/2012 12:14 PM
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Major US Gun Producers' Stock Prices PLUMMETING - Sweeping Gun Laws On The Way
In cases like this you can always follow the money, because the smart money has access to information that the average person does not. The word among large investment funds is that heavy anti-gun legislation is on the way and will be passed.


Smith & Wesson - V9.3%

Sturm Ruger - V7.55%

[link to data.cnbc.com]
[link to data.cnbc.com]
Anonymous Coward
User ID: 30237901
12/18/2012 12:20 PM
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Re: Major US Gun Producers' Stock Prices PLUMMETING - Sweeping Gun Laws On The Way
In March 2000 Smith & Wesson was the only major gun manufacturer to sign an agreement with the Clinton Administration.[6] The company agreed to numerous safety and design standards as well as limits on the sale and distribution of its products. Gun clubs and gun rights groups responded to this agreement by initiating large-scale boycotts of Smith & Wesson by refusing to buy their new products and flooding the firearms market with used S&W guns.[6][7][8] After a 40% sales slide,[9] the sales impact from the boycotts led Smith & Wesson to suspend manufacturing at two plants.[10] The success of the boycott led to a Federal Trade Commission antitrust investigation's being initiated under the Clinton administration,[8] targeting gun dealers and gun rights groups, which was subsequently dropped in 2003.[11] This agreement signed by Tomkins PLC ended with the sale of Smith & Wesson to the Saf-T-Hammer Corporation. The new company (Smith and Wesson Holding Corporation), which publicly renounced the agreement, was received positively by the firearms community.[12]

[edit] Acquisition by Saf-T-Hammer

On 11 May 2001, Saf-T-Hammer Corporation acquired Smith & Wesson Corp. from Tomkins PLC for US$15 million, a fraction of the US$112 million originally paid by Tomkins. Saf-T-Hammer assumed US$30 million in debt, bringing the total purchase price to US$45 million.[13][14] Saf-T-Hammer, a manufacturer of gun locks and other firearms safety products, purchased the company with the intention of incorporating its line of security products into all Smith & Wesson firearms in compliance with the 2000 agreement.

The acquisition of Smith & Wesson was chiefly brokered by Saf-T-Hammer President Bob Scott, who had left Smith & Wesson in 1999 because of a disagreement with Tomkins’ policies. After the purchase, Scott became the president of Smith & Wesson to guide the 157-year-old company back to its former standing in the market.[9]

On 15 February 2002, the name of the newly formed entity was changed to Smith & Wesson Holding Corporation.
[link to en.wikipedia.org]
Anonymous Coward
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12/18/2012 12:21 PM
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Re: Major US Gun Producers' Stock Prices PLUMMETING - Sweeping Gun Laws On The Way
You couldn't give me a s&W.
Anonymous Coward
User ID: 25020296
United States
12/18/2012 12:23 PM
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Re: Major US Gun Producers' Stock Prices PLUMMETING - Sweeping Gun Laws On The Way
Seems like a good buying opportunity. Guns sale have been great. Quick money here. Thanks OP.
Anonymous Coward (OP)
User ID: 29958055
United States
12/18/2012 12:28 PM
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Re: Major US Gun Producers' Stock Prices PLUMMETING - Sweeping Gun Laws On The Way
Seems like a good buying opportunity. Guns sale have been great. Quick money here. Thanks OP.
 Quoting: Anonymous Coward 25020296



Yeah, with the panic buying going on right now you'd think they would be up.

Ban semi-autos and people will just stock up on revolvers. You can't fight the market.
Anonymous Coward
User ID: 25020296
United States
12/19/2012 04:33 PM
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Re: Major US Gun Producers' Stock Prices PLUMMETING - Sweeping Gun Laws On The Way
Seems like a good buying opportunity. Guns sale have been great. Quick money here. Thanks OP.
 Quoting: Anonymous Coward 25020296



Yeah, with the panic buying going on right now you'd think they would be up.

Ban semi-autos and people will just stock up on revolvers. You can't fight the market.
 Quoting: Anonymous Coward 29958055


Thank you again.

[link to finance.yahoo.com]

[link to finance.yahoo.com]

You are the man.

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