Smith & Wesson booked record sales UP 43%

[Midwest]

Smith & Wesson booked record sales as gun debate raged

http://money.cnn.com/2013/06/13/news/companies/smith-wesson/index.html

The article implies that even in the face of a "national debate on gun control", S&W's sales figure hit a record. I would like to see the sales figure for ammo manufacturers, I'll bet it could be far more than that.

Actually this is great news both for S&W and for us as it sends a strong message that we don't want more gun control and our gun rights are very important. I guess we would have something to worry about if S&W's figures went down.

"The gun maker reported preliminary results Thursday showing that sales for the fiscal year ended April 30 hit a record $588 million, a 43% increase versus the year prior."

 

[Ryanxia]

That's great. Keep pumping them out!

Actually I don't think the ammo would be higher though because before the craze they were already just about at max capacity, which is why they can't keep up with the increase in demand.

 

[19-3Ben]

Shoot Had i thought about it on Dec. 14th, I would have bought stock in every gun maker I could afford.
I predicted this crazy rush but didn't think to take it to the next level and buy the darn stock. Bummer. Good opportunity missed!
I'd have liked to make money off S&W stock, and then use it to buy S&W guns!

 

[ShooterMcGavin]

What is even more interesting (to me, at least) is that this is all happening at a time with a very troubled economy in place. It's not as if every household has a few hundred $ just lying around.

 

[C5rider]

Seems that 10% that DON'T want gun control bought a LOT of guns!

 

[loose noose]

Like I said before, "when guns are outlawed, only polticians will have guns".

 

[Old Fuff]

Ammunition: The CEO at Olin/Winchester says that their backorder for commercial ammunition (meaning distributors that supply local retailers) exceeds both U.S. Military Services and law enforcement... combined.

And yes, they are pumping out product as fast as they can.

 

[Carl N. Brown]

Following the comments threads on various gun control articles: the gun control mantra is that gun ownership is down, fewer households report owning guns, a big talking point off the gun control websites.

In the real world, the last Gallup poll on the subject reported that 47% of all households in a representative national sample reported owning guns, the highest in decades. Back 1992 up to 50% reported owning guns. (Gallup noted that the dip in reported gun ownership in 1994 may have simply represented reluctance at that time to reporting that one's household owned a gun. Anybody remember the atmosphere 1993-1995 with the big Assault Wwapons Ban push and revelations about Ruby Ridge and Waco?)

All these guns and ammo flying off the shelves as quick as they arrive? Doesn't mean a thing. Fewer households own guns therefore they must be banned goes the talking point. (I think they are trying to persuade politicians that there is less likely to be political fallout from voting for gun control, but 2014 will tell, won't it?)

 

[armoredman]

The few manufacturers I speak to personally had but one comment..."We really don't have any problem selling anything right now..."
Guns are sold before they get off the plane, in reality.

On the other hand, Walmart had some 45, 9mm, 40SW and .223 ammo on the shelf yesterday, and one Colt M4gery for $1495. Things are looking up a wee bit.

 

[Gtscotty]

Good news for sure, my SWHC shares have kinda languished since I bought them in the low $9.20s a couple months ago. The recent waves of panic purchasing had to be reflected in earnings at some point. I rode RGR from $37 to $52, then hopped on SWHC, hopefully they keep rolling on todays 5 percent uptick.

 

[Ryanxia]

$588,000,000.00 That's a lot of freedom right thur!