The FBI reports it conducted a record number of background checks for consumers wishing to...


The FBI reports it conducted a record number of background checks for consumers wishing to purchase a firearm in December as the number of checks almost hit 2.8M for the month. While the demand surge is positive for Sturm Ruger (RGR +0.1%), Smith & Wesson (SWHC +1.8%), and Cabela's (CAB +1.9%) - KeyBanc is out with a note warning that the current high level of demand for guns is unsustainable over the course of the year.
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Comments (12)
  • labas112
    , contributor
    Comments (516) | Send Message
     
    They say this everytime, and what happens, more people buy. Are people in total denial of what is going with these stocks?
    2 Jan 2013, 02:19 PM Reply Like
  • TomasViewPoint
    , contributor
    Comments (4911) | Send Message
     
    This was predictable. Threaten gun ownership and more guns get sold. I have seen a statistic that we have 1 gun for every citizen in this country.
    2 Jan 2013, 02:20 PM Reply Like
  • z28gator
    , contributor
    Comments (29) | Send Message
     
    The "currrent demand" (during the Christmas Holidays) for retail products from Walmart, Target and others "cannot be sustained" for the rest of the year either! Some of these analysts are so predictable and so one-sided. Both $RGR and $SWHC are Strong Buys right now. How can anyone argue that unless you are so left-wing that you allow it to interfere with your investments? Political views have to remain separate from your investment perspectives to be successful.
    2 Jan 2013, 02:54 PM Reply Like
  • rambler1
    , contributor
    Comments (1018) | Send Message
     
    Keybanc & everyone else on the street are a bunch of sissies. They can't admit that the stocks should be a buy because of fear of repercussions. It's like the Cerberus knee jerk reaction to CT. to sell the whole company. They tried to take it's company public a few years back but pulled it because of poor markets. The last 2 years they could have floated the deal very easily, but got greedy & kept it.
    2 Jan 2013, 03:26 PM Reply Like
  • Zachary Schenk
    , contributor
    Comments (100) | Send Message
     
    High level of demand in december yet $SWHC down 20% in december
    2 Jan 2013, 03:43 PM Reply Like
  • Ghosts of Kariela
    , contributor
    Comments (152) | Send Message
     
    $RGR shorts won't do to well going into earnings
    2 Jan 2013, 04:34 PM Reply Like
  • long2putt
    , contributor
    Comment (1) | Send Message
     
    The short squeeze for Ruger RGR is $32 and $6.00 for Smith & Wesson SWHC. When the squeeze starts it should run up and pass previous highs
    2 Jan 2013, 06:16 PM Reply Like
  • MichaelJ8
    , contributor
    Comments (876) | Send Message
     
    how did you get these prices?
    2 Jan 2013, 10:16 PM Reply Like
  • Salleywinner
    , contributor
    Comment (1) | Send Message
     
    KeyBanc is missing the boat on this quarters sales, costing their clients big profits.RGR and SWHC can't make product fast enough.
    3 Jan 2013, 04:28 AM Reply Like
  • colrick
    , contributor
    Comments (2) | Send Message
     
    SWHC: Excellent product, increasing consumer base (women, suburbanites, former non gun owners), nearly emotional demand, perceived status in owning product, perceived need for product (self defense and concealed carry law expansion), and efficient means of increasing production. Sure sounds like titles of an MBA thesis on the growth of Smith and Wesson!
    3 Jan 2013, 07:20 AM Reply Like
  • sadmk28
    , contributor
    Comments (43) | Send Message
     
    The only thing that might slow sales in not lack of demand,its lack of supply. Every gun shop and distributor is cleaned out of and AR platform rifle and the shelves are getting bare of many other guns.Some buyers are doubling their money by flipping them by selling on the auction sites (G/B and A/A- perfectly legal as they still got to a 01 FFL for transfer).
    3 Jan 2013, 07:24 AM Reply Like
  • EIFLER
    , contributor
    Comments (19) | Send Message
     
    Key Bank: Small minds always make a negative comment on any subject that is overwhelmingly positive. Otherwise they have nothing constructive to say.
    3 Jan 2013, 11:27 AM Reply Like
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