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Smith & Wesson (SWHC -3.1%) and Sturm, Ruger (RGR -1.7%) trade lower with gun control...

Smith & Wesson (SWHC -3.1%) and Sturm, Ruger (RGR -1.7%) trade lower with gun control legislation a major topic of political discussion following the tragic event in Connecticut. Though predictions of a gun demand rush is the knee-jerk reaction of some traders to the news gun laws could be tightened, others see the +200M firearms already in circulation and biting comments from pro-gun members of Congress as a sign the companies' fortunes could be altered.
Comments (12)
  • Montrose51
    , contributor
    Comments (3) | Send Message
     
    There will lots of talk and little or no significant action.
    17 Dec 2012, 01:32 PM Reply Like
  • Johann Galt
    , contributor
    Comments (236) | Send Message
     
    The gun lobby doesn't have the pull that Big Pharma does-

     

    ever see a discussion as to why the vast majority of these school shooters are/were on psychotropic drugs?
    17 Dec 2012, 02:31 PM Reply Like
  • Gary Jakacky
    , contributor
    Comments (2509) | Send Message
     
    Once they point out the 250 zillion guns law that ALREADY exist in Connecticut, the issue will die a deserved death.
    17 Dec 2012, 03:42 PM Reply Like
  • kpcapitalpartners
    , contributor
    Comments (110) | Send Message
     
    These government clowns just don't get it. The criminals will always have, or find ways to get guns.
    17 Dec 2012, 05:51 PM Reply Like
  • 1mtnman1
    , contributor
    Comment (1) | Send Message
     
    I am 70 yrs old,have liked guns all my life,but do not hunt anymore. I just shoot pistols for fun at the range. I have a utah permit to carry a gun, but Il. will not let me do that. If they would just use all the laws they have on the books now, that might make a difference. If they backed up all the mental health laws, maybe that would help.England has as strict a gun law as you can get, but take a look at their numbers of violent crimes! Look at chicago. The mayor is wringing his hands trying to stop the killings, and you can not have tougher gun laws than they have.
    17 Dec 2012, 10:00 PM Reply Like
  • Qball
    , contributor
    Comments (4) | Send Message
     
    i own SWHC and use it for covered writing....
    what happened at that school is a tragedy ... I live in Canada
    where we do not see many gun deaths ...
    guns will always be around as long as the right to bear arms
    stands.. that is a given ...
    18 Dec 2012, 01:54 AM Reply Like
  • RacerX1225
    , contributor
    Comments (125) | Send Message
     
    All you have to do is look at Russia to see what happens when you remove all guns form society or at least think you are.
    18 Dec 2012, 02:46 AM Reply Like
  • Dr. Sammio
    , contributor
    Comments (2) | Send Message
     
    Its too bad the media personnel are so inept at reading the law and regulations and a basic knowledge of firearms. It could be said that this gun worry is a diversion from the issue of mental stability.
    18 Dec 2012, 02:47 AM Reply Like
  • whiskeybar
    , contributor
    Comments (2) | Send Message
     
    I am 65 years young, reside in Houston. Longtime hunter, fishing, sports fan. Love outdoors, sailing, golf, hiking, ice skating big on after ski. Too bad Jack Reacher was not in Newtown! Ironic that Conn. is home to both of the only publicly traded gun cos! Mr. Market over reacts to bad news. Society needs protection from terrorists, zealots, psychopaths, psychos ect. but where & how? Legally armed teachers & sane citizens with better background checks would be a deterrent against the forces of evil but Big Brother is now in play. Meanwhile my gun stocks are shot down by Mr. Market, one fast drawing dude!
    18 Dec 2012, 08:34 AM Reply Like
  • whiskeybar
    , contributor
    Comments (2) | Send Message
     
    S&W & RGR's sales are thru the roof but Mr. Market over reacts to bad news. If only there was an armed security guard or teacher in Newtown to neutralize the shooter! How ironic, that Conn. Is the home of both of the above firms! How can we keep guns & bombs out of the hands of zealots, terrorists, psychopaths & psychos? How many insane people have drivers licenses? Too many. Too many nut jobs, too many problems worldwide. Greater protection from these elements means more armed security, surveillance, scanners. Schools will require airport - security. More legally armed sane citizens more police, security ect. are the only deterrents. Body scanners in all public venues? Public nudity is looking better, maybe not. Big Brother here we go!
    18 Dec 2012, 09:34 AM Reply Like
  • tampat
    , contributor
    Comments (998) | Send Message
     
    This is likely a big over reaction on the stock prices of SWHC and RGR. Wait until their next earnings report, they will likely be excellent.
    Buy the dips.
    18 Dec 2012, 12:36 PM Reply Like
  • Gary Jakacky
    , contributor
    Comments (2509) | Send Message
     
    Selling RGR and S&W because of Newtown is like selling GM because of Talledega.
    19 Dec 2012, 10:24 AM Reply Like
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