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June FBI NICS checks rise 3% Y/Y, according to KeyBanc, marking a meaningful deceleration "from...

June FBI NICS checks rise 3% Y/Y, according to KeyBanc, marking a meaningful deceleration "from the 15.9% increase in May, 27.2% increase in April and 26.3% increase in March." This doesn't bode well for shares of Sturm Ruger (RGR -0.6%), Smith & Wesson (SWHC +0.1%), and Cabela's (CAB +0.7%) according to analyst Scott W. Hamann who says "sustained retail increases during 2H13 [will be] difficult to achieve against channel restocking and political rhetoric/pressure."
Comments (4)
  • ejmoosa
    , contributor
    Comments (36) | Send Message
     
    There are now a substantial number of gun buyers with carry permits. NICS is not used when a permit holder buys a weapon.

     

    The last 7 weapons I purchased did not require a check of NICS.

     

    So this stat is not the end all, as implied.
    2 Jul 2013, 01:49 PM Reply Like
  • Jake B
    , contributor
    Comments (11) | Send Message
     
    Well NICS is certainly used in my state (Washington) whether one has a carry permit or not.
    2 Jul 2013, 04:59 PM Reply Like
  • cmsdrizzt
    , contributor
    Comments (38) | Send Message
     
    AND I still cannot get the weapons I want as they are still on back order. Shortages have not decreased. At this point ammunition is starting to hit the shelves exactly as the ammunition manufacturers stated. The fact remains that SWHC and Ruger currently can sell every gun they make for the next year with no problem. That means huge cash flow to both companies and stock buy back or dividends. The NCIS statistic is 3.3% above LY and LY was what? 15% above the previous year and X % above the year before that. Deceleration means nothing in a 55mph zone when you are going 200mph and slow down to 194mph. FINAL THOUGHT. So when the Progressive Libs push for gun control right before or after the next election cycle will more or less guns be sold? History shows us the answer. Hold SWHC and RGR till the very end.
    2 Jul 2013, 02:11 PM Reply Like
  • sadmk28
    , contributor
    Comments (20) | Send Message
     
    It depends on the state,here in NH the carry does not let you buy a gun(handgun or long gun) any different,just lets you carry one.A 4473 (NICS) is still required.The only buyers-non dealer buyers,that can get a gun(handgun or longgun) without a 4473 and NICS check are 03 FFL (collectors) holders.

     

    Ammo is the largest issue the buyers are facing now,can't find it to shoot the guns they are buying !
    2 Jul 2013, 02:19 PM Reply Like
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