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Message Subject
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Gun Sales for Sturm Ruger Highest since 1990-Profit 25 yr. High
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Poster Handle
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Hard Eight |
Post Content
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The gun maker credited the "current political environment" for creating strong demand for guns. President Barack Obama and some lawmakers called for tougher gun laws after a shooting in December left 20 children dead at a school in Newtown, Conn. A proposal to expand background checks failed in the Senate. In a regulatory filing, the company said that 525,600 guns were ordered in the quarter, up from 291,000 in the same period last year. The average sales price was $306, up from $280 a year ago. [ link to www.cnbc.com]
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