Americans Buying Guns at Record Rate - Glenn Beck goes shooting - Obama gun bans, confiscations
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I would buy guns like mad, but I already have plenty of them, and my ammo supply is also adequate. Although, I could use more food and survival equipment, I'll have to work on that.
With that said, I still can't help myself, so every time I get one of those stimulus checks from China, I use it to buy another gun. When I got my last check I went out and bought a Kel-Tek PLR-16. It's one of those pistol type AR-15s, its really cool, and could be very useful in the future if all Hell brakes loose. I also have a regular Colt AR-15, so don't worry about me, I'll be OK.
I'm not sure what exact gun I'm going to buy with my next China stimulus check, but I think it will be another pistol. But this time I think I'll buy a smaller one, one that I can conceal, like for back up.
I sure would like to thank Mr. Obama and the other Democrats for this gun money that they have been sending me. It's awful nice of them to help me in my arms purchases. These guns will all be very useful in the upcoming depression and revolution. Without their thoughtfulness and generosity with our grandchildren's money, I don't think that I could have afforded so many guns. Once again, thank you President Obama.
P.S. I hope to leave most of my guns to my future grandchildren, since it is their money that I am buying them with.
jbranstetter04
The election of President Obama and a Democratically controlled Congress has been a boon to U.S. handgun makers, with sales of one pistol manufacturer climbing enough that an analyst Wednesday upgraded its stock to "Strong Buy" from "Accumulate."
CL King & Assoc. analyst Jim Barrett upgraded shares of Sturm, Ruger & Co. after the Southport, Conn.-based company reported its firearm revenue soared 81 percent in the fourth quarter.
"We are raising our rating, recognizing that sales are benefiting from what is clearly a one-time surge in gun sales due to the arrival of the new Democratic administration," Barrett said.
Since President Obama's Nov. 3, 2008, election, Sturm's shares have climbed more than 20 percent. And shares of rival Smith & Wesson Holding Corp., based in Springfield, Mass., have shot up about 40 percent.
Deutsche Bank-North America analyst Grant Govertsen, responding to an FBI report earlier this month that January background checks on potential firearms purchasers increased 29 percent from the same month of 2007, said fear of coming federal restrictions is boosting sales.
"Given heightened consumer fears of tighter gun control laws we would suspect an abnormally elevated level of firearms purchases over the next few quarters as consumers continue to stockpile guns, especially handguns and tactical (weapons)," he said.
The wave of gun buying is lifting sales of firearms retailers, too. Last week Sidney, Neb.-based sporting goods chain Cabela's Inc. said its fourth-quarter profit beat Wall Street estimates, partly on robust gun sales.
Cabela's expects the surge of gun buying to continue.
"We are not seeing the demand slow down," Cabela's spokesman Joe Arterburn said. "Many (customers) are first-time handgun buyers, who have never had a handgun in their home but believe now ... is a good time to buy them. More women are coming in looking to buy handguns, as well."
In midday trading shares of Sturm, Ruger jumped 99 cents, or 12.7 percent, to $8.79. Shares of Smith & Wesson rose 21 cents, or 5.9 percent, to $3.74.
http://www.forbes.com/feeds/ap/2009/02/25/ap6095158.html |
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