Local man buys 200,000 AR's...!!!

[somerandomguy]

But let's do more math Mifflin. What if he had 125 guns x $3,500 - $62,500?

I corrected your initial math btw. 125x$500 = $62,500, so it's very plausible to mortage your house to pay for 125 AR-15's OR 500. This dude is probably making a boatload of $$$.

 

[friscolatchi]

Hueyville, you da man!

 

[jdh]

I'll say it again

There is no way on this planet he was able to find 200,000 AR type rifles available to purchase in 2012. The estimated total produced by the top 10 manufacturers was just under 275,000 in 2010 the last year for which production totals are available. and just under 300,000 for 2009. If anyone believes one person was able to buy over 80% of the total production for the year, they are delusional.

 

[mister_murphy]

Ok....So, a local man somewhere buys 200,000 AR's...

Is he going to keep them for hisself? Possible but unlikely...

Is he planning on selling for a profit, by purchasing all of these 200,000 AR's? If so he should have an FFL or else its an instant dealing in firearms without a license... 1 or 2, that may slide, 200,000 guns purchased for the intent to resale? I doubt that would pass the smell test on dealing in firearms without a license. Afterall... Buying 200,000 firearms of one type, and then potentially selling them at one point...Thats alot of firearms to move...

Somethimg smells fishy. Just saying...

 

[12131]

Man, at least do the math before posting such numbers.
200,000 ARs x $1,000 per AR = 200 million dollars! give or take 5 or 10 million dollars. Makes any sense to you?
Let's say even at $500 per AR, that's 100 million dollars. Yeah, right!

 

[mjw930]

All the math aside on the PA dealer, one of my local (FL) small dealers (one man operation) started planned buys about a year ago. He built up a supply of AR's, AK's, FN's, etc. as well as 5.56, 9mm and 22lr ammo. When the do do hit the fan he had over 1000 evil black guns and tens of thousands of rounds of ammo in stock. Over the 4 week period between Newtown and mid January he was averaging $1.6M per week in gross sales. I believe he has exhausted most of his stock and is entertaining offers for his store and property and retiring. You gotta love America!

 

[mgkdrgn]

I call "<deleted>". Nope, don't believe it, sorry.

I doubt there were 200,000 AR's in stock at every distributor in the country.

At say 15lb each shipping weight, that would be 3,000,000 pounds of guns? 75 Tractor Trailer loads?

It would take how many years to log them all in to an FFL's bound book? (assuming one a minute, 24/7, 140 days)

 

[Drail]

In the words of Will Ferrell as George Bush - " I believe those figures are inakarut". Maybe he bought 200,000 HiPoints and Jennings, but ARs?

 

[mdemetz]

So what's the short term capital gains tax on guns

 

[soonerfan85]

He may regret this if any of the guns he sold end up shooting down planes or blowing up railroads.

And I refuse to believe the press would not check their facts and print something that wasn't factual.

 

[gym]

Was he an FFL dealer, if not depending on the laws where he lives, he had to break several right?

 

[Sam1911]

Yes, he's an FFL, and no, in PA he wouldn't be breaking any laws by buying all the guns he can afford.

Had he "flipped" them all as a non-licensee he'd almost certainly be charged with dealing without a license under federal law, though.

 

[MifflinKid]

Quote:
Now let's try 125 guns. 125 * $500 = $62,500. Seems more plausible.
Fixed that typo for you. It does seem rather hard to believe. The guess that he spent $250,000 makes a lot more sense. 200,000 ARs would have been a pretty substantial chunk of the available supply whenever he bought.

How would you even store 200,000 ARs?

AethelstanAegen thanks for the fix. I ran a bunch of numbers to try and make sense of the story. I meant to put in 125 * $1000 for $125K but copied the product of other calculation. Pretty pathetic for a person who makes a living with numbers.

 

[AethelstanAegen]

AethelstanAegen thanks for the fix. I ran a bunch of numbers to try and make sense of the story. I meant to put in 125 * $1000 for $125K but copied the product of other calculation. Pretty pathetic for a person who makes a living with numbers.

No worries. We all do it sometimes...so I wouldn't worry about it. This was after all only for a post on a gun forum and not your taxes or something. Haha. The numbers are definitely way off somewhere in the article.

 

[gym]

So the guy made a lot of money is the bottom line. That's life, win some, lose some. I am sure many have taken a shot on something in their lives, most of these stories you hear only tell you about the success they had. Sometimes guys go belly up a dozen times prior to hitting it right.
If they stopped after the first failure or two, they never would have got to the place they ended up.
And don't forget the opposite is also true, folks that made big money on something like the "market" and instead of getting out, lost it all back. It's not a profit until you cash in for the last time.
I wish I had all the money I had. lol. My wife tells me her ex made 2 million in the market and lost it all back, "now that's stupid", wouldn't you keep a million or a million and a half, and play with the money that you could afford to lose?
Now if the AR guy doesn't go and do something dumb, he will be ok, but some folks get off on the risk rush more than the money.If he has that mentality he will lose it back in gold or some other overpriced commodity.
At least guns have a purpose, you can't shoot gold bars or silver bullion if a tragedy really does hit, Guns and ammo, are worth more than gold or diamonds.
I just came back from wallmart and bought more ammo I don't need with cash I do need.But you can't get it when you may need it, reload or not, the supply chain will dry up quick.So I have more ammo than eve before, I figure that is worth it''s weight in just about anything.

 

[Averageman]

Lets say I'm a low end player in this game.
I buy 100 AR's the next time prices normalize.
I buy 1000 Ar Magazine,
I buy 100,00 Rounds of 5.56.
So I have 150K to 200K in the deal.
I have just beat the 401K I have been in for the last 15 years buy about 1000%.
I could do all of this in my gargae and beat my broker.
Who is the fool?

 

[nathan]

May he double his money. ! Blest his heart !

 

[Double Naught Spy]

Man, at least do the math before posting such numbers.
200,000 ARs x $1,000 per AR = 200 million dollars! give or take 5 or 10 million dollars. Makes any sense to you?
Let's say even at $500 per AR, that's 100 million dollars. Yeah, right!

At that point, the "maxed out credit cards" would not be an issue. He didn't buy $99,950,000 worth and then put $50K on credit cards, LOL.

So yeah, it sounds more like $250K in guns, total

 

[AethelstanAegen]

Who is the fool?

I wouldn't want to try to sell off all that stuff without having an FFL however. The ATF is pretty non humorous about dealing without a license. But I agree, power to the guy (who did have an FFL) for making a real savvy business move. I knew when I bought my AKs that they were at a market low (he must have realized the same thing) and so I didn't mind selling them a few weeks ago when they could earn a nice profit on my investment.