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The New York City Employees' Retirement System becomes the third pension fund to sell its stake...

The New York City Employees' Retirement System becomes the third pension fund to sell its stake in gun makers Sturm Ruger (RGR -0.8%) and Smith & Wessen (SWHC -0.3%) following the nightmarish school shooting in Connecticut. CalSTRS and New York's Teacher's Retirement System sold their shares in January and February respectively. Comptroller John Liu says the company's products "tear apart families and shatter communities." ( Reuters )
Comments (15)
  • Zweigmeister
    , contributor
    Comments (25) | Send Message
     
    Boycott NY, NJ, MD, CO, IL and all the other nanny states.
    Don't buy products from these states including Bloomberg Business Week and do not travel there.
    Support states and companies that respect liberty and freedom.
    8 May 2013, 01:40 PM Reply Like
  • Brocko Bomma
    , contributor
    Comments (4) | Send Message
     
    Zweigmeister, I live in occupied Colorado & I couldn't agree more. The boycott has already begun. I hope it will be hugely successful!
    8 May 2013, 04:27 PM Reply Like
  • jaych79
    , contributor
    Comments (506) | Send Message
     
    High taxes also tear apart families and shatter communities yet we continue to get taxed into oblivion.
    8 May 2013, 01:42 PM Reply Like
  • Hubert Biagi
    , contributor
    Comments (689) | Send Message
     
    Surprised those wackos ever invested in weapon stocks to begin with. What's not surprising is the total hypocrisy.
    8 May 2013, 01:45 PM Reply Like
  • BIG_BEN
    , contributor
    Comments (154) | Send Message
     
    Hah. I am no gun advocate and not totally opposed to more gun regulations but seriously what products do not kill people? If you eat too much food you get obese and die of heart failure. If you drive a car, then you can crash it and die. People can die in a gold mining accident. Nothing like limiting your investment choices and losing some decent dividend payers.
    8 May 2013, 01:51 PM Reply Like
  • Losing Paper While Gaining ...
    , contributor
    Comments (497) | Send Message
     
    I like how they sold it when it was at $51 rather than when it was significantly lower immediately after the shooting.
    8 May 2013, 01:52 PM Reply Like
  • weewa
    , contributor
    Comments (7) | Send Message
     
    Taking gains....
    8 May 2013, 02:00 PM Reply Like
  • joblock
    , contributor
    Comments (9) | Send Message
     
    Wonder what their law enforcement uses in New York. Bloomberg would suggest a Johnson & Johnson product. I am buying RGR today. 4% secure dividend and solid growth. I feel bad for the New York teachers. They deserve better.
    8 May 2013, 02:03 PM Reply Like
  • warrenrial
    , contributor
    Comments (558) | Send Message
     
    The teachers have become children.
    8 May 2013, 02:07 PM Reply Like
  • SoldHigh
    , contributor
    Comments (995) | Send Message
     
    New York City Employees'/Teachers Retirement System and CalSTRS: Dumb & Dumber
    8 May 2013, 02:23 PM Reply Like
  • Ron Reed
    , contributor
    Comments (280) | Send Message
     
    Good for them! I'm glad they stood up for what they believe in and made a statement with it. I'm glad they choose to use their own funds to make a statement. Now, the BS laws they pass and impose on everyone else is crap. I totally disagree with the ideals they have, but good on them for exercising them. Bad investment choice, but to every trade there is an equal other side, I'll buy what they are selling.
    8 May 2013, 02:30 PM Reply Like
  • davidbdc
    , contributor
    Comments (3141) | Send Message
     
    Much like the bureaucratic structure in our schools and government. Tax burdens make family life more difficult. Poor teachers kept in front of students tear apart future families and lessen their economic futures. And our bureaucrats now have the power to indiscriminately seize children from families.

     

    Guns are the least of our problems.
    8 May 2013, 03:34 PM Reply Like
  • Ron Reed
    , contributor
    Comments (280) | Send Message
     
    Interestingly enough, guns, good guns, build better value over time than gold or the Dow. If you don't care one iota about shooting, they do make nice investments.
    8 May 2013, 04:29 PM Reply Like
  • StrokerMcgurk
    , contributor
    Comments (4) | Send Message
     
    I bought some more S&W yesterday. I also own a number of their products but I am not a threat to anyone, except a criminal coming onto my land to do myself, my family or my property harm. These hand wringers just can't understand it's not the firearms. Load a pistol, put a round in the chamber and cock the hammer. Lay it on a table. It will not hurt anyone until a human picks it up and pulls the trigger.
    8 May 2013, 08:18 PM Reply Like
  • dblacker
    , contributor
    Comments (2) | Send Message
     
    An American manufacture running at full capacity and with months of back orders! Go ahead and sell I would rather buy on the dips. This stock should by $12-$14 a share.
    9 May 2013, 12:53 AM Reply Like
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