As this morning’s quote notes, the prevailing political climate bodes well for gun sales (and makers). Yet the market isn’t impressed. Gun stocks sink as background checks hit decade low. We wouldn’t sell that SWHC or RGR stock just yet. Here are the stats and some more digestibles . . .
Adjusted (National Instant Criminal Background Check System) background checks rose 9.2% in March, with handguns up 16.7% and long guns off 3.4%; but sequential declines of 13.2% and 8.0% for handguns and long guns, respectively, were the weakest of the past decade and well below 10-year averages for hand guns (-2.6%) and long guns (+3.6%).
Judge rips thug: ‘Black lives don’t matter to black people with guns’ – Do tell. Look for upcoming protests outside the judge’s home.
Bullet lodges in Florida man’s testicles after wife shoots him, deputies say – “According to the Brevard County Sheriff’s Office, Reid had a gun and confronted her husband of 16 years to discuss his affair.” That was some discussion.
Hillary’s Latest Gun Attack On Bernie Is Not Backed Up By Federal Data – Wait, you mean Hillary’s arguments and philosophy’s not rooted in fact? Get outta town!
Schumer Wants New Smartphone Gun Investigated – “Senator Chuck Schumer (D-NY), one of America’s most enthusiastic gun-regulators, has called on the DOJ and the ATF to investigate the gun before it comes to market. The senator says the gun ‘is just a disaster waiting to happen.'” If there’s a better recommendation for the gun, we don’t know what it would be.
More Guns Does Not Mean More Murders – So now you know.
New York’s violent criminals have traded their guns for knives – “’Stabbings and slashings aren’t going away,’ Police Commissioner Bill Bratton said Monday at a press conference at NYPD headquarters. ‘It’s reality. We live in New York City.’” A place where armed self defense isn’t a reality. Good luck out there.