Gun Company Stocks Nosedive After Its Lobbyists Prevail in Washington

“We Have Enough Guns Now,” American Public Finally Says

Without the gun industry whipping them into a frenzy by telling them Obama’s going to take their guns away, people are less interested in buying more guns.

Gosh, whodda thunk?

Alliant’s (ATK, Fortune 500) stock price dropped 1.5% Thursday, after seeing its shares surge 38% over the last year. Ammunition maker Olin Corp. (OLN) fell 1.2%, after climbing more than 13% over the last year. Smith & Wesson Holding Corp. (SWHC) managed a 1.7% gain Thursday, while Sturm, Ruger (RGR) slipped 1.5%.

The stock price for Cabela’s (CAB), a retailer dependent on gun sales, dropped nearly 5%…

Brian Rafn, a gun industry analyst and director of research at Morgan Dempsey Capital Management, said gun companies are going to have to figure out how to remain profitable now that the “visceral political craziness is removed from the equation.”

Don’t worry, the NRA and Gun Owners of America will come up with new lies tomorrow, and the people they’re counting on to believe them will dump more money on guns and ammo.

One comment

  • Old Redneck
    April 22, 2013 - 3:14 am | Permalink

    The NRA and assorted gunnuts already are generating another frenzy.

    My gunnut Mississippi cousin has texted me several times in past few days (I’m in eastern Virginia). He’s all in an uproar because .22-caliber long rifle ammo is in short supply, or, not available, in his area . . . he wants me to buy as much as I can and ship it to him.

    I turned him down and he’s in a rage!!!

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