Perhaps its just pre-election jitters by gun aficionados worried about the post-election...
Monday, November 5, 2012, 4:24 PM ETPerhaps its just pre-election jitters by gun aficionados worried about the post-election gun-control environment, but the FBI says adjusted firearms background checks were up 18.4% for October, with background checks done for handguns up 24.8% year-over-year. That could be a real boon for gun makers. According to Benchmark, handguns represent 60% and 68% of total sales for Smith & Wesson (SWHC +2.5%) and Sturm, Ruger (RGR -2.4%), respectively.
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