Gun company boss says Democratic presidential win will boost sales

[Eugene]

Source: The Guardian

Gun company boss says Democratic presidential win will boost sales

• Sturm Ruger CEO Michael Fifer expects big jump if Clinton or Sanders wins
• Fears of gun control and supreme court changes would drive sales

Rupert Neate
Thursday 25 February 2016 22.04 GMT

The chief executive of gun company Sturm, Ruger & Co expects a big jump in already heightened demand for firearms if a Democrat wins the presidential election in November.

Michael Fifer told investors on Thursday the company made $172m profit in 2015 and could expect more in 2016 if Hillary Clinton or Bernie Sanders becomes positioned to appoint future supreme court justices.

Fifer said fear that a Democrat will get to replace the conservative justice Antonin Scalia, who died earlier this month, would send consumers rushing out to buy more guns because of concerns that gun control laws might be tightened.

“I think we’ll see a step up in demand if a Democrat wins the election, particularly so if they win the Senate,” Fifer said on a conference call with investors.

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Read more: http://www.theguardian.com/us-news/2016/feb/25/gun-company-boss-says-democratic-presidential-win-will-boost-sales

[Eleanors38]

1. Nothing new, here. Except to Democratic elites who are o-o-o-Oblivious.

[jmg257]

2. Makes sense. Likely big boost in their

AR line especially.

[Eleanors38]

3. Guardian makes a common error: Referencing a semi-auto rifle as an "assault rifle." They know, but

It is there way of saying: middle finger up the butts of those supporting 2A rights and a minimum of accuracy in journalism. They know better. They know better.

[msongs]

4. having a black president is the best thing ever happened to the death merchants nt

[discntnt_irny_srcsm]

5. I suppose having any Democrat in office is good for the arms business at least domestically

OTOH any president of either party is usually good for the international business which is where the really big money is to be made.

[GreydeeThos]

6. Guns? What about ammo?

I have not even seen a 500 round box of .22 LR for six years.

[ileus]

7. When banners promise bans what choice is there but to believe?

[madville]

8. Look at Smith&Wesson's stock price since Nov, 2008

S&W's stock price was $2.30 in November 2008, today it is around $25. A 1200% gain in 7 years pretty amazing, I'm sure they are rooting for Hillary and a Democratic Senate also.