The Daily Caller
Gun maker stocks surged on early Wednesday morning as President
Barack Obama’s re-election has stoked fears of tighter gun control
measures in his second term.
Shares of the top two U.S. gun manufacturers Smith & Wesson and Sturm Ruger exploded early Wednesday morning, reports Investor’s Business Daily.
“The re-election of President Obama should drive political firearm sales,” said Benchmark & Co analyst Mike Greene.
Obama has said he supports the right to bear arms in the past, but in
the second presidential debate he said he would support an assault
weapons ban if re-elected.
“The administration has not really lifted a finger in the last four
years to tighten gun control legislation,” said Wedbush Securities
analyst Rommel Dionisio. “There is a consumer fear that Obama will
tighten gun control legislation, but whether or not they will do it this
time I don’t know.”
I hope they're right this time. What do you think? Please leave a comment.
Obama's victory was (unfortunately) inevitable. Coming to this realization I had bought some shares in advance.
ReplyDeleteHopefully the manufacturer(s) in question can find a legitimate market (State actors) for their product.
Don't plan to get an assault weapons ban, unless the House flips and there are at least sixty Democrats in the Senate.
ReplyDelete