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Finally, Some Good Economic News: Gun Makers See Sales Boom After Election

Nov. 7, 2012 7:25pm Becket Adams

While global stocks suffered the worst trading day of 2012, gun makers Smith & Wesson and Sturm Ruger & Co. Inc had very, very little to complain about:

Via Bloomberg:

Smith & Wesson Holding Corp. (SWHC) climbed the most in two months to lead a rally among firearms manufacturers as traders speculated that President Barack Obama’s reelection will spur gun sales.

“While we maintain our view that these political sales do not represent the entirety of recent firearms sales growth, we expect that with President Obama’s re-election these sales could continue well into his second term,” Mike Greene, an analyst at New York-based Benchmark, wrote in a note to clients today.

But why would a second Obama presidency further drive gun sales? Perhaps it has something to do with the fact that he mentioned during the second presidential debate that he would consider reinstating a ban on military assault weapons.

“People are talking about that comment,” said Steve Fincher, a sales manager at Guns & Gear in Lavonia, Ga. “At the same time, when you’re talking about stocking up, the ‘preppers’ cover every scenario. They’re prepping for the economy to collapse, the power grid to go down, for a meteor to hit. I’ve even got someone prepping for the polarity change, when the north and south poles switch.”

“Those people make up about 4 to 5 percent of customers,” said Fincher. “But most people are struggling with a bad economy. They’re buying lower end stuff. They don’t have a lot of cash for expensive items.”

Now whether or not President Obama actually takes steps to limit access to certain firearms is uncertain. What we can say with a little more certainty, however, is that he may face efforts from House Republicans that will bring the issue of gun control to the forefront of a fierce political debate.

“Specifically, the NRA will be back on Capitol Hill advocating a federal concealed-carry ‘reciprocity’ law,” Businessweek notes. “The bill would allow citizens from gun-friendly states to tote their firearms into more restrictive states and municipalities.”

Needless to say, the president would almost certainly oppose the measure while at the same time raising tricky questions regarding federal authority and “states’ rights.”

Follow Becket Adams (@BecketAdams) on Twitter

Front page photo source courtesy the AP.

In CONTROL, Glenn Beck presents a passionate, fact-based case for guns that reveals why gun control isn’t really about controlling guns at all; it’s about controlling us. Find out more HERE.

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Comments (104)

CommonSenseTalk
Posted on November 8, 2012 at 12:23am
The EPA wants lead as toxic but they want us all to use these light bulbs with mercury in every one and you just throw them away when your done. You have to love the federal government.

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GuruMeditation
Posted on November 7, 2012 at 11:34pm
Let if fall. So be it.

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- banjarmon
  Posted on November 8, 2012 at 12:34am
  My 22, 30-06, and my 9mm ain’t much but they will make someone holey!!
  
  Report this comment
- antiprogressive
  Posted on November 8, 2012 at 3:33am
  Been watching SWHC the last few months.
  Bought a small buttload last Friday.
  I called it hedging my bet on the election after seeing it drop to 8.5 that morning…
  
  At least now I have SOMETHING to smile about.
  And figuring on another more “metal” purchase this weekend.
  
  That deal looked as obvious as a bus coming straight at me…
  For once, it turned out good.
  Common sense rarely works in this country anymore.
  Much like 1/2 the population.
  
  Report this comment
- harrysmallcraft
  Posted on November 8, 2012 at 5:31am
  This is good news. Read fresh political commentary at: http://smallcraftadvisorychronicles.blogspot.com/
  
  Report this comment
grayling646
Posted on November 7, 2012 at 10:59pm
How do you pass a gun law without violating the Constitution?
This is not a trick question.

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- kindling
  Posted on November 7, 2012 at 11:20pm
  The real question is does Obama care what the Constitution says and how does he get around it.
  
  Report this comment
- Wyerd_001
  Posted on November 7, 2012 at 11:30pm
  Well for starters, you sign an executive order like the patriot act 2012, that would allow him to detain U.S. citizens INDEFINITELY without charges or trail…then when it is found unconstitutional by a federal court, you find another, sympathetic judge to stay the ruling INDEFINITELY!
  
  He’s already found his loop hole….
  
  GOD HAVE MERCY ON OUR SOULS!
  
  Report this comment
- fair2light
  Posted on November 8, 2012 at 7:41am
  Here in nevada they passed a law making it a felony to abused animals. As of last january. I am an animal lover. But the law is vaguely written, what if ‘someone’ seeing my dog in my back yard on a hot day panting……a felony charge takes away all my guns. This is how the government can start to disarm us
  
  Report this comment
- jcldwl
  Posted on November 8, 2012 at 11:08am
  That’s why I ignore the signs businesses post that they don’t allow firearms in their business. I have a concealed carry permit and the 2nd amendment. Try to stop me.
  
  Report this comment
- mikem1969
  Posted on November 8, 2012 at 11:10am
  They are currently back in talks with the UN for an arms treaty, that does not change the constitution, and it allows a foreign entity to tell us what to do. I will not recognize any outside force, only the constitution.
  
  Report this comment
Mess23
Posted on November 7, 2012 at 10:30pm
I just bought my Christmas present early. Nothing like a good Glock…

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- JohnGaltLine
  Posted on November 7, 2012 at 10:36pm
  Ha! Did the same thing today!
  
  Report this comment
JEANNIEMAC
Posted on November 7, 2012 at 9:52pm
Citizens are arming themselves as protection against the National Civilian Service Corps, “as large and well funded as the army”
.”You Americans are so gullible. No, you won’t accept communism outright. But we’ll keep feeding you small doses of socialism until you finally wake up and find you already have communism. We won’t have to fight you; we’ll so weaken your economy until you fall like overripe fruit into our hands.” – Nakita Khrushchev. 1959

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- Skyking69
  Posted on November 8, 2012 at 1:29pm
  Jeanniemac,
  
  Can you please provide a citation for that quote? An urban legends site says it is bogus (http://urbanlegends.about.com/b/2008/11/13/bogus-khrushchev-quote-makes-the-rounds-again.htm).
  
  Thanks,
  
  Phil
  
  Report this comment
Mr.Fitnah
Posted on November 7, 2012 at 9:39pm
How about some Gunstamps from the government ?

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Cowboy
Posted on November 7, 2012 at 9:18pm
Fortunately, what is already out there doesn’t go stale.

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AbrahamsSheepdog
Posted on November 7, 2012 at 9:17pm
S&W and Ruger. They Never fail ya’! ;) Hey Im gonna go buy ZombieLand. I Love that movie!!!!!!!!! lmao

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VanceUppercut
Posted on November 7, 2012 at 9:15pm
This i exactly what I’ve been saying. There is no effort to “take away your guns”. It’s all a load of B.S. sold to you by the gun industry to get you to buy more guns. The last four years have been great ones for Big Gun. But I guess that;s what you get with a bunch of know-nothings who think that book learnin’ is for them hoity-toity city folks.

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- Cowboy
  Posted on November 7, 2012 at 9:29pm
  No effort by somebody who needed reelection. Now?
  
  Report this comment
- makamae
  Posted on November 7, 2012 at 9:37pm
  “big gun?” Seriously?
  
  No effort? This is one of the most ignorant posts I’ve seen here… not sure if that’s intentional, or if you’re just a moron.
  
  Report this comment
- grayling646
  Posted on November 7, 2012 at 11:11pm
  Intentionally a moron.
  
  Report this comment
- kindling
  Posted on November 7, 2012 at 11:28pm
  It has also been good for big debt. It is the economy going down that has my amo going up. Just think about this VAN:
  
  one MILLION second equals 12 days.
  one BILLION seconds equals 32 years.
  one TRILLION seconds equals 32,000 years.
  
  Now put that into DOLLARS. We owe somewhere between 16 TRILLION and …..well we really don’t know do we. What we do know is it is growing faster than the human mind can handle and it can’t be paid back because the world doesn’t have that much money. Now do you know why we all need guns?
  
  Report this comment
dylan
Posted on November 7, 2012 at 9:08pm
Knee jerk reaction? Low end product? Purchased a 500$ + Ruger 357 Magnum for a second revolver. My Rossi 38 Special was not low end either. Oh, I’m working on concealed carry, and most of all I am an excellent shot.

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Gourdy
Posted on November 7, 2012 at 8:40pm
So, we’re talking unlimited access to arms? How about shoulder-held surface to air missal launchers? Is the person who possesses that a terrorist or a patriot looking to take down the airplane of an elected official who has become an enemy? Who decides?

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- Spinmamma
  Posted on November 7, 2012 at 9:04pm
  Good grief!! How dumb.
  
  Report this comment
- Lt_Scrounge
  Posted on November 7, 2012 at 9:26pm
  The person pulling the trigger.
  
  Report this comment
- Redfor
  Posted on November 8, 2012 at 8:42am
  Obviously depends… Far as the government is concerned…. If you worked for the airline that made the plane its most likely “Work place violence” Feel free to chant some Islamic Rhetoric while ya pull the trigger, it doesnt seem to change the outcome.. Just as long as you work for the Airline or company that made the plane.
  Now as a defense, you can now state that you thought the plane was playing a anti-islamic movie and it will be forgiven as long as the passengers are lower in rank than a US Ambassador.
  
  Report this comment
- goahead.makemyday
  Posted on November 8, 2012 at 9:00am
  RED I believe your wrong, if it’s a conservative it can be anything. If it’s a liberal than anything senatorial aide or lower. But ONLY if it’s in an Islamic country, you know it’s never a terrorist attack.
  
  Report this comment
- SidneyDave
  Posted on November 8, 2012 at 5:05pm
  Depends on how they use it.
  
  Report this comment
perry1980
Posted on November 7, 2012 at 8:25pm
Get’em before they are gone ie. outlawed or so higly taxed that you can’t afford them

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- rickc34
  Posted on November 7, 2012 at 8:41pm
  Invest in lead..it comes in different sizes and can save your life.
  
  Report this comment
- mtcountrygrl
  Posted on November 7, 2012 at 9:12pm
  My husband is becoming a licensed gunsmith with a federal firearm license. This and liquor are the industries that will do well under this administration.
  
  Report this comment
columbanus38
Posted on November 7, 2012 at 8:13pm
All weapons should be available to the population. The right to posses weapons is not limited by the second amendment. In theory all gun laws banning certain weapons is unconstitutional. I figure everyone needs 3 essential arms, a long-range rifle, a heavy shotgun, and a sidearm. Furthermore, you should also be able to purchase body armor without a license.

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- Lt_Scrounge
  Posted on November 7, 2012 at 9:26pm
  You can. More than a couple of sellers on Amazon.
  
  Report this comment
tj1961
Posted on November 7, 2012 at 8:10pm
There has been talk that the EPA wanted to lead ammo for “non-toxic” metals because lead is an hazard.

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- makamae
  Posted on November 7, 2012 at 9:04pm
  Enviro-whackos use this argument, saying the lead from bullets is bad for the environment. I suspect this is yet another attempt to find ways to limit our freedoms.
  
  Report this comment
- Al J Zira
  Posted on November 7, 2012 at 9:22pm
  How much lead do these nut jobs think is being spent? It would probably take every American an entire week of constant firing to create any kind of environmental hazard. Just guessing.
  
  Report this comment
- makamae
  Posted on November 7, 2012 at 9:32pm
  Doesn’t matter, Al… liberal whackos windmills never have any common sense or reality associated with them, yet they tilt away.
  
  Report this comment
- Halloween
  Posted on November 8, 2012 at 8:38pm
  Lead is naturally found abundantly in the ground/nature. How can you ban what is already there?
  
  Report this comment
wisehiney
Posted on November 7, 2012 at 8:07pm
You oBUMMER weasels check out the stock market today. Just the beginning. The downside WILL have it’s time. Do not come to my door begging me to protect you. You will get the opposite.

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- towerguy
  Posted on November 8, 2012 at 9:26am
  Truly you are a wise hiney! Nobody that voted for the downfall of the United States gets any help from me or my family. Reap what you sow.
  
  Report this comment
Sickandtiredofextremists
Posted on November 7, 2012 at 8:01pm
I think it’s time to invest in “precious” metals………………..silver, brass and lead! ; )

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skippy6
Posted on November 7, 2012 at 7:59pm
Get ready for the heavy taxes that will destroy the industry….Just like tobacco, guns are on the list of things to tax for the Obama crap care act…..After that they will slowly ban them just like they did with tobacco…..So go buy as much as you can before this happens…. I predict this is just the start of record sales with this SOB in office again….Of course the first thing to ban are your cool semi auto riffles.. Of course people that make these great riffles will lose their job…How many people have to lose their jobs before the idiots that voted for (arrogant one get a brain!!!!

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- right-wing-waco
  Posted on November 7, 2012 at 8:13pm
  If that happens, I suggest that you go to your Congress persons and tell them NO. That will be the war of wars.
  
  Report this comment
- skippy6
  Posted on November 7, 2012 at 9:26pm
  Live in the sixth Dist in MN.. Bachmann won the election, no worries about her as she never flip flops like most politicians….She once said Obama is Anti American and got blasted over it….Any one disagree with that comment now besides you trolls???
  
  Report this comment
freedom-fighter
Posted on November 7, 2012 at 7:54pm
I think it is more likely that Obama and his admin will make their attack on ammo. Basically by limiting the amount a person can buy, or put a huge tax on it, or both? I think that would be the more rational approach rather than trying to prevent people from purchasing the guns. If you have a gun you need the ammo. That’s why I stock up……

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- Psychosis
  Posted on November 7, 2012 at 8:03pm
  make your own
  
  Report this comment
- Lt_Scrounge
  Posted on November 7, 2012 at 9:30pm
  I agree with both of you. Stock up and learn to reload your own.
  
  Report this comment
- highcarry
  Posted on November 7, 2012 at 10:01pm
  to me a more likely thing would be for the i.r.s. to tax you $ 5000 each year on evey gun you own. pay up or lose everything including your freedom.
  
  Report this comment
Chromo200
Posted on November 7, 2012 at 7:44pm
People with guns are on the list .. 2014 you “asked” to turn them in. The laws will be changed such that if you shoot anyone you will go in front of judge.

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Gourdy
Posted on November 7, 2012 at 7:40pm
And tell me why any US citizen needs a military assault rifle? I own a handgun and would vigorously defend my right to do so, but assault rifles in the hands of white power idiots and gangbangers equals chaos and death. No thanks.

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- wisehiney
  Posted on November 7, 2012 at 7:45pm
  They already have them, and will not give them up. Do you?
  
  Report this comment
- TSUNAMI_22
  Posted on November 7, 2012 at 7:45pm
  You just unwittingly answered your own stupid question.
  
  Report this comment
- progressiveslayer
  Posted on November 7, 2012 at 7:52pm
  Yes yes second amendment rights for hand guns only,you’re a fool. I smell an OBAMAZOMBIE.
  
  Report this comment
- DRT_7.62_BTHP
  Posted on November 7, 2012 at 8:01pm
  Ask Obama and Holder about the federal assault weapon subsidy to the cartels known as fast and furious. I’m sure they’d gladly answer.
  
  Report this comment
- H Beale
  Posted on November 7, 2012 at 8:01pm
  I’ll bet if you were this guy you wouldn’t mind owning one.
  
  Man beaten by 8 animals in Baltimore. http://baltimore.cbslocal.com/2012/11/06/witness-to-brutal-attack-speaks-with-wjz/
  
  Report this comment
- ColdDeadHands
  Posted on November 7, 2012 at 8:01pm
  My. AR-15 will keep those gangbangers and “wolf packs” at bay from a couple hundred yards in a disaster scenario. Your lil handgun? …. not so much.
  
  Report this comment
- Gourdy
  Posted on November 7, 2012 at 8:02pm
  No, you’re all just good NRA parrots and will end up selling the farm for all of us who are responsible gun owners.
  
  Report this comment
- Lord_Frostwind
  Posted on November 7, 2012 at 8:04pm
  Number 1: The definition of “Military Assault Weapons” is really quite vague. Last time round, the list of components that differentiated a weapon as an assault weapon were more to do with aesthetics over functionality, in other words “guns that look scary.”
  
  Number 2: Handguns are sidearms, only accurate for the average user to about 10-30 yards, with training you could bring that up. ARs, AKs and other such weapons are good to engage opponents at a longer distance with much greater accuracy.
  
  Number 3: Handgun ammunition is not very effective against armored targets.
  
  You could say that something like that would be useless for Americans to have, but a handgun is really only worthwhile as a backup, or if you’re dealing with your average gang banger.
  
  Report this comment
- TSUNAMI_22
  Posted on November 7, 2012 at 8:10pm
  Gourdy
  
  No, you’re all just good NRA parrots and will end up selling the farm for all of us who are responsible gun owners.
  ~~~~~~~~~~~~~~~~~~~
  Your initial statement proved to every true responsible firearm owner that you AREN’T responsible because you don’t understand the purpose of proper weaponry for the situation in the first place.
  
  It’s people like yourself that are dangerous with a firearm.
  
  Report this comment
- progressiveslayer
  Posted on November 7, 2012 at 8:10pm
  GOURDY Could you show us in the second amendment where it states we need a permit from government to purchase a firearm. Can you show us where it states what type of firearm we can own.
  I know you don’t believe this but every so called ‘gun law’ passed since the second amendment is unconstitutional. The 1968 gun control act all of them. The first thing Hitler did when coming to power was disarm the populace and continued assaults on the second amendment will have the same result.
  
  Report this comment
- right-wing-waco
  Posted on November 7, 2012 at 8:10pm
  And just how do YOU define an assault rifle? A true definition is a weapon with a selector from semi-auto to full auto. Most people including government people have been made to believe that if the weapon is black and is fun to shoot, it’s an assault rifle. If I had a full auto weapon I would find a way to hide it from the government. We have a 2nd Amendment to protect us from government, not to hunt or break bottles. It appears that that purpose may be in our future. Let us hope not.
  
  Report this comment
- lel2007
  Posted on November 7, 2012 at 8:15pm
  What’s the big deal? Those assault weapons sold to the public are semi-automatic rifles, just like semi-automatic hand guns except longer.
  
  Report this comment
- GCT
  Posted on November 7, 2012 at 8:18pm
  “And tell me why any US citizen needs a military assault rifle?” The muskets that the citizens brought to Lexington Green and Concord Bridge were the assault weapons of the day. The Battles of Lexington and Concord were fought because the Government wanted to take all their weapons and ammunition away.
  
  Those who don’t know their History are condemned to repeat it.
  
  Report this comment
- makamae
  Posted on November 7, 2012 at 9:13pm
  Gourdy – Apparently you don’t understand the concept of the second amendment. We have the right to bear arms in order to stand up to a totalitarian government, not for recreation. So, if the very unlikely happens & you need to stand up against someone armed with an M4, and all you have is your 9mm, well, good luck with that.
  
  BTW, I’m not in the NRA.
  
  Report this comment
- Al J Zira
  Posted on November 7, 2012 at 9:32pm
  Gourds: Who the hell are you to blindly determine that gun owners on this nab site or anywhere else are irresponsible just because they have different beliefs about gun ownership than you? Friggin progressive! Think you know what’s best for everyone. Guess your happy today.
  
  Report this comment
- JethroUSMC
  Posted on November 8, 2012 at 7:08am
  Gourdy your ignorance is showing RE: “Military assault rifle”. Buying the anti gun talking point. AR15′s are used for competition, target practice, hunting and so on. Many folks use SKS, AK47′s for target practice and hunting as well.
  
  Where in the constitution does it say anything about hunting, hobby, or needing a reason?
  
  Military assault rifle aka M16 is a select fire rifle. Meaning that one press of the trigger fires more than 1 round at a time. Semi auto rifles and pistols fire one round with one press of the trigger. Unless you’re a doctor or Lawyer most people cannot afford the select fire or full auto weapons since the regulations/restrictions put in place in 1986 – limited supply because anything manufactured after that date in 1986 cannot be sold to civilians. A $2.50 piece of metal that is registered as an auto sear will now cost you in the neighborhood of $11,000-$16,000. Many other cool military style firearms in this category run significantly higher in price in excess of $32,000 and sit in someone’s safe.
  
  An AR15 looks like an M16 or military style firearm – that’s it. No different than a semi auto shotgun or hunting rifle, same with AK47′s here in the US, not full auto, semi-only.
  
  Gun Laws punish responsible gun owners – criminals do not care about the law. Oppressive governments first steps are to disarm the populace. You might want to read up on history to see what happens just as dictators are swept into power and what th
  
  Report this comment
- Owt_Raged
  Posted on November 8, 2012 at 11:14am
  Because part of controlling the population is restricting their access to the weapons that an out of control government will use against them.
  
  Criminals and politicians have no problem getting them, the reason they want to restrict us is because it makes it much more difficult for us to remove them from power.
  
  Report this comment
JohnQTaxpayer
Posted on November 7, 2012 at 7:39pm
Lead ……….

the new gold

chance favors the prepared mind

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- JohnQTaxpayer
  Posted on November 8, 2012 at 5:22pm
  If you do not buy ammo
  
  buy a good set of knee pads
  
  Report this comment
JP4JOY
Posted on November 7, 2012 at 7:39pm
It will just make Obama more fervent in his assault on the 2nd Amendment. I do think that he is telling the truth when he says “he” doesn’t want to take your guns. He wants the U.N. to do it.

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DEFCON4
Posted on November 7, 2012 at 7:37pm
President Barack Obama is the greatest ” gun-salesman” in the history of the United States of America!

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TROLLMONGER
Posted on November 7, 2012 at 7:36pm
Grab your guns and bibles old Beckbots. Your fake made up religion says your rapture is near. Idiots..LOL!

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- wisehiney
  Posted on November 7, 2012 at 7:47pm
  Those folks in the dark in NY and NJ fighting off looters with baseball bats. HA! And they don’t even have a bible.
  
  Report this comment
- progressiveslayer
  Posted on November 7, 2012 at 7:54pm
  It’s parasites like you who will perish quickly when the SHTF LMAO
  
  Report this comment
- Lord_Frostwind
  Posted on November 7, 2012 at 8:07pm
  I’ll take my gun and my Bible any day over the thirty minute average wait time for police to arrive. Are you going to try an offer something better or are you just going to be another mangina?
  
  Report this comment
- TROLLMONGER
  Posted on November 7, 2012 at 8:08pm
  Thats all you got uber racist progressive slayer?. Yeah I know your typical racist comments you spew. You are one of the reasons why the GOP will become extinct. White power is over!!!
  
  Report this comment
- Git-R-Done
  Posted on November 7, 2012 at 9:14pm
  Hatemonger – The only one who’s racist on here is you. Who’s going to pay for all of your entitlement programs if there aren’t anymore rich people in this country for you Marxists to steal from?
  
  Report this comment
- makamae
  Posted on November 7, 2012 at 9:22pm
  Grab your **** & kiss it goodbye, trollmonger… you’re too stupid to survive anything difficult.
  
  Report this comment
- makamae
  Posted on November 7, 2012 at 9:31pm
  Troll – I’m wondering where you see ANY reference to the color of this guy’s skin.
  
  In fact – YOU are the racist idiot.
  
  Report this comment
- jcldwl
  Posted on November 8, 2012 at 11:15am
  I’ll pray for you troll. You seem to need it.
  
  Report this comment
- OldBoots
  Posted on November 8, 2012 at 7:48pm
  I sit on the edge of my seat in anticipation!! You voted and support the very people who are going to bring an untold destruction to your country, devastating poverty like you have never seen. You will reap what you have sewn. Ignorant fools!!!
  
  Report this comment
JUSTANOTHEROPINION
Posted on November 7, 2012 at 7:32pm
It’s great they are exercising their 2nd admendment rights. What the hell took them so long. All this is going to do is cause gun prices to soar even higher. Fortunately I’ve had mine since I turned 18 many ions ago.

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- AbrahamsSheepdog
  Posted on November 7, 2012 at 9:13pm
  Yup. My stock is up. Smile American. Grandpa’s always right
  
  Report this comment
- makamae
  Posted on November 7, 2012 at 9:35pm
  “Fortunately I’ve had mine since I turned 18 many ions ago.”
  
  You mean you only have one? And it’s eons old? Might be time to update a bit.
  
  Report this comment

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