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Response to Human101948 (Reply #12)

Tue Apr 28, 2015, 03:57 PM

23. it's possible that for now, folks have as many guns as they want...

 

The biz of gun manufacturing and sales is notoriously cyclical. Ruger (publicly traded) had sales over the last year or so that could have made a wealthy person from a modest investment, but no doubt its sales will decline as well. The writer you cite may be aware that Smith has only recently taken up the serious manufacture/sell of "rifles;" its provence is handguns, and even here, the company has been for some time operating in a deminished capacity. Please note also that in the space of 20 yrs the % of shotgun sales shared by American manufacturers has dropped from 65% to under 30%. Benelli, Beretta, Franchi, and any number of Turkish firms have taken up the slack. Further, there are many boutique manufacturers turning out 100ks of AR and even AK-type semi-auto rifles whose sales wouldn't even blip Fortune's radar (privately-held). To many gun owners, all of this is of little concern as they buy used guns (one of the few manufactured goods which stare down planned obsolescence like the Sphinx). Nohing really new in this story, except the implicit advice: Now is not a good time to buy stock.

Frankly, I wish the sale of .22 ammo would drop off. You seen the price of that stuff? When it is available? If you hear of any good prices, let me know.

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LineLineLineLineLineLineReply it's possible that for now, folks have as many guns as they want...
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