Smith & Wesson poised to open near all-time high
Source: CNBC
Smith & Wesson (NASDAQ: SWHC) stock rose more than 4 percent in premarket trading Friday, putting it on track to open near an all-time intraday high.
The stock traded near $29.50 before the bell. On March 18, the stock hit $30.44 a share. On a closing basis, Smith & Wesson's all-time high is $29.37.
The gun maker's shares rose in the wake of two deadly police shootings and after a sniper killed five people in Dallas.
Sadly, gun stocks rising following deadly shootings is nothing new.
Read more: http://finance.yahoo.com/news/smith-wesson-poised-open-near-121005496.html
liberal N proud
(60,332 posts)Every time there is a shooting, their stock sky-rockets.
forgotmylogin
(7,519 posts)At 40% or more to pay for all the carnage.
They should also be registered like cars, and taxed yearly.
Ammunition should cost $50/round.
If you're going to kill someone, you should pay for it monetarily and legally.
Marengo
(3,477 posts)forgotmylogin
(7,519 posts)If every shot the cops take puts the department back $50, I'd surely bet they'll get some training on not discharging their weapons needlessly.
If it costs a million dollars to stockpile a ridiculous amount of ammo, there will be less ammo out there.
Lives are precious. The simplified, citizen-accessible means to end them should also be.
If the government can get us out of debt on the backs of people who want to own an excessive war closet, I'm all for it.
Marengo
(3,477 posts)forgotmylogin
(7,519 posts)No. I think anyone who wants the ability to injure or kill another person or people quickly and at a distance should be regulated and taxed.
I know, "can't tax constitutional rights"...etc.
Marengo
(3,477 posts)Lizzie Poppet
(10,164 posts)forgotmylogin
(7,519 posts)It's the firing them that's the problem.
happyslug
(14,779 posts)Under present laws guns and ammunition has a FEDERAL TAX RATE of 10% for handguns, 11% for long arms, the money goes to support Federal and State Fish and Game departments. This tax is the second largest source of income to such Game and Fish departments behind hunting and fishing license fees.
Articles taxable at 10 percent
Pistols.
Revolvers.
Articles taxable at 11 percent
Firearms (other than pistols and revolvers).
Shells, and cartridges.
(Aug. 16, 1954, ch. 736, 68A Stat. 490.)
https://www.law.cornell.edu/uscode/text/26/4181
https://www.ttb.gov/firearms/faet-faqs.shtml#background
The above tax was extended to include other items, including electric outdoor motors, tackle boxes and bows and arrows:
(b) Bows and arrows, etc.
(1) Bows
(A) In general
There is hereby imposed on the sale by the manufacturer, producer, or importer of any bow which has a peak draw weight of 30 pounds or more, a tax equal to 11 percent of the price for which so sold.
(B) Archery equipment
There is hereby imposed on the sale by the manufacturer, producer, or importer
(i) of any part or accessory suitable for inclusion in or attachment to a bow described in subparagraph (A), and (ii) of any quiver, broadhead, or point suitable for use with an arrow described in paragraph (2), a tax equal to 11 percent of the price for which so sold.
(2) Arrows
(A) In general
There is hereby imposed on the first sale by the manufacturer, producer, or importer of any shaft (whether sold separately or incorporated as part of a finished or unfinished product) of a type used in the manufacture of any arrow which after its assembly
(i) measures 18 inches overall or more in length, or
(ii) measures less than 18 inches overall in length but is suitable for use with a bow described in paragraph (1)(A),
a tax equal to 39 cents per shaft.
https://www.law.cornell.edu/cfr/text/26/48.4161(b)-1
no_hypocrisy
(46,009 posts)Wish I didn't have to be so cynical.
Botany
(70,440 posts).... next few weeks. "Gotta get those guns and ammo before the big government
comes to grap 'em."
ripcord
(5,250 posts)AR-15s and other assault rifles are flying off the shelves since the law doesn't go into affect until the first of the year, stores are selling out as soon as new stock comes in.
Botany
(70,440 posts)..... of gun and ammo. A .223 round is made to tumble after it hits a human body to cause
massive trauma and loss of blood.
Marengo
(3,477 posts)Botany
(70,440 posts)Marengo
(3,477 posts)Botany
(70,440 posts).... and if calling it a platform is the correct term that still doesn't stop the
facts being the facts and some of those facts are that the proliferation guns in
America leads to a proliferation of gun deaths, assault weapons are not for the
general public, and if you own a gun and it is fired in anger then the odds are
it will be used on you or somebody you know.
So what if you can swap out stocks, muzzles, scopes, types of ammo and laser
sights? It is what it is and that is a killing machine and it is insane that it is sold to
the public and that by owning one you are not any more free or likely to stop
a bad man from doing bad.
BTW fuck the NRA.
Duckhunter935
(16,974 posts)My bolt action rifles are more of a military weapon as they were actual military issue.
Botany
(70,440 posts)Duckhunter935
(16,974 posts)I did not think you could, but I will politely ask once again.
Botany
(70,440 posts)The prototype AR-15 rifle was designed by ArmaLite as a selective fire weapon for military purposes. Armalite sold the design to Colt due to financial difficulties. After some modifications, the rifle eventually became the US Army's M16 rifle.
from wiki
beevul
(12,194 posts)Except that it isn't. Its a civilian legal semi-automatic, that LOOKS like a military weapon.
Federal law states that ANY firearm based off a fully automatic/burst design weapon (a real and actual killing machine issued to an actual military), MUST be designed in such a way that it is not easily converted to fully automatic/burst function, and in order to do that, guns legal for civilian sale and ownership are required to be designed substantially different than their military counterpart.
It isn't the same gun. It isn't the same design. It isn't even close, in spite of its looks, because the law dictates that it can not be.
Botany
(70,440 posts)beevul
(12,194 posts)I hope your ears don't get sore.
forgotmylogin
(7,519 posts)What does "elephant" or "whale" look like?
Marengo
(3,477 posts)Variant could be effective as well.
NickB79
(19,219 posts)Any number of calibers, many of them fine hunting rounds in use for decades, will tumble with the right bullet. And many more calibers will do FAR more damage than a 5.56mm fired from an AR-15; I have fired a lever-action .357 Magnum rifle with hollowpoints against squash and old pumpkins, and a 125-gr HP at 2000 fps causes damage far beyond anything a .223-caliber AR can do. Even a WWII-era M1 Carbine will do some astonishing damage with modern, lightweight hollowpoints.
The only thing that makes the AR moderately unique is it's ability to accept high-capacity magazines, and to be reloaded with fresh magazines rapidly. Unfortunately, I see no way to regulate the supply of magazines, as their are likely hundreds of millions of them already in circulation.
Lizzie Poppet
(10,164 posts)Enacting laws that will be largely ignored accomplishes nothing in terms of public safety. In fact, it likely has the opposite effect, as it gives otherwise largely law-abiding people a reason to be less than cooperative with law enforcement. THese new CA restrictions are pure security theater, intended to give gullible people the impression that their leaders are "doing something."
They're not.
rurallib
(62,373 posts)that is mythologized by the gun makers lobbyist group the NRA.
Botany
(70,440 posts)In Dallas there was over 200 good guys w/guns and 11 got shot and 5 died.
Wayburn
(24 posts)doc03
(35,293 posts)are always good for gun sales.
elmac
(4,642 posts)or in another countries streets. Capitalism at its best.
ileus
(15,396 posts)Not to mention the new 45 version that has just been released.
forgotmylogin
(7,519 posts)olddad56
(5,732 posts)Response to MadDAsHell (Original post)
Name removed Message auto-removed
Skittles
(153,104 posts)just like the NRA wants