The Phaserl


Firearm Manufacturers’ Success Shows ‘Americans Clearly Don’t Want’ Gun Control

by AWR Hawkins, Breitbart:

A December 5th CNN Money report shows that purchases of stocks in firearm companies have become a staple for many investors during Obama’s presidency.

According to the report, the positive performance of such stocks suggests that “tough gun control laws” will never take hold. This performance shatters the expectations of those who held that gun violence would allow politicians to rapidly pass gun control legislation.

Instead, stocks in all manner of firearm and ammunition companies have climbed steadily since the shooting at Sandy Hook:

Smith & Wesson shares are up 56% from the 52-week low they hit just days after the Newtown shooting. Cabela’s shares have gained more than 60%. Ruger’s stock is up 82%. Ammunition makers Olin (OLN) and Alliant Techsystems (ATK) have popped this year as well.

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