Although RGR’s revenue growth may have grown nicely over the last two years, its stock price maxed-out on July 27, 2007. Obama triggered a sales surge immediately prior to his election in November 2008. As has been widely reported, rifles–both traditional and “assault” accounted for most of the growth area Ruger rode the wave. According to Ruger’s 2009 10-k SEC filing, rifles racked up some $102.2 million, $69.4 million, and $64.9 million worth of sales in 2009, 2008 and 2007 respectively. And no wonder. Ruger makes some lovely “tactical” weapons: the M77 Hawkeye and the Mini-14 spring to mind.