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BREAKING :
THE NATIONAL RIFLE ASSOCIATION IS FIGHTING BACK AGAINST A LAWSUIT FILED THURSDAY BY NEW YORK’S ATTORNEY GENERAL BY SUBMITTING ITS OWN CIVIL SUIT AGAINST THE STATE OFFICIAL, ACCUSING HER OF DEFAMATION AND VIOLATING ITS RIGHTS TO FREE SPEECH. THE NRA’S LAWSUIT WAS FILED IN THE FEDERAL COURT OF NEW YORK AND ALLEGES ATTORNEY GENERAL LETITIA JAMES “MADE THE POLITICAL PROSECUTION OF THE NRA A CENTRAL CAMPAIGN THEME” WHEN SHE WAS RUNNING FOR THE AG’S OFFICE IN 2018, AND HAS NOT TREATED THE ASSOCIATION FAIRLY SINCE.AS POLICE FORCES THROUGHOUT AMERICA LOSE FUNDING, THE INEVITABLE HAS BEGUN: PEOPLE ARE STOCKING UP ON GUNS AND AMMUNITION. BACKGROUND CHECKS PRIOR TO GUN PURCHASES HAVE SHOT UPWARD. IN JULY OF THIS YEAR, THE FEDERAL BUREAU OF INVESTIGATION PERFORMED 3,639,224 OF THESE CHECKS. IN JULY 2019, THEY PERFORMED ONLY 2,030,661. THAT’S AN INCREASE OF 79.2 PERCENT. JUNE, THE MONTH MAJOR RIOTS BEGAN SWEEPING THROUGH AMERICA, SAW AN EVEN STEEPER INCREASE. FBI DATA INDICATES 2.3 MILLION GUNS WERE SOLD IN JUNE 2020—AN INCREASE OF 145.3 PERCENT OVER JUNE 2019. MEANWHILE, POLICE IN MAJOR CITIES ARE BEING DEPRIVED OF THEIR ABILITY TO ENFORCE THE LAW.SINCE MARCH, MANY INDUSTRIES HAVE COME TO A STUTTERING HALT OR HAD TO ADJUST THEIR OPERATIONS QUICKLY TO REMAIN AFLOAT AMID COVID-19. HOWEVER, THE WEAPONS INDUSTRY, PARTICULARLY GUN OWNERSHIP AMONG BOTH WOMEN AND MEN, HAS SEEN A HUGE SPIKE AMID THE PANDEMIC AND NATIONWIDE PROTESTS. AN ESTIMATED 46.3 PERCENT OF ADULTS OWN GUNS IN ARIZONA IN 2020. WOMEN GUN OWNERSHIP ACCOUNTS FOR MORE THAN 20 PERCENT OF GUN OWNERS NATIONWIDE.AMMO SALES HAVE SURGED FOR VISTA OUTDOOR AND OLIN CORP. DURING THE COVID-19 PANDEMIC AS FEARS OF CORONAVIRUS AND CIVIL UNREST PROMPT AMERICANS TO BUY GUNS AND BULLETS. VISTA OUTDOOR CEO CHRIS METZ SAID IN AN EARNINGS CALL THURSDAY THAT STRONG AMMUNITION SALES IN THE LAST QUARTER WERE DRIVEN BY AN INDUSTRY-WIDE 40% INCREASE IN FIRST-TIME GUN BUYERS DURING THE PANDEMIC, INCLUDING WOMEN AND PEOPLE OF COLOR, BASED ON DATA FROM HE NSSF GUN INDUSTRY GROUP. HE SAID THAT AMMO DEMAND IS SO BRISK, AND FUELED IN PART BY STOCKPILING, THAT SOME NEW BUYERS HAVE COMPLAINED THAT THEY CAN’T FIND ENOUGH AMMO IN STOCK.SMITH & WESSON ANNOUNCED THAT THEY WILL BE SPINNING OFF AMERICAN OUTDOOR BRANDS IN AUGUST. THE SMALL SIZE (NEARLY MICRO-CAP) OF THE SPIN-CO RELATIVE TO THE PARENT MAY PRESENT AN OPPORTUNITY TO TAKE ADVANTAGE OF FORCED SELLING. INCENTIVES OF NEW MANAGEMENT ARE STRONG. TRADING COMPS SUGGEST THAT THE SPIN-CO MAY FETCH A HIGHER MULTIPLE THAN IT WOULD AS A PART OF SMITH & WESSON BRANDS. IT WAS ANNOUNCED FRIDAY THAT SMITH & WESSON'S (SWBI) BOARD OF DIRECTORS APPROVED THE SPINOFF OF THEIR "OUTDOOR PRODUCTS AND ACCESSORIES" BUSINESS LINE AS AMERICAN OUTDOOR

Industry Insider Archive

AL – INDUSTRY INSIDER – Remington: America’s Oldest Gun Maker Is Pure Legend

There are a couple things that might come as a surprise about the Remington Outdoor Company. First, it was only founded in 2012. It is actually now the parent company of such brands as Bushmaster, DPMS, Marlin, and most notably Remington—the latter being America’s oldest gun maker and it also runs the oldest factory in the country that still makes its original product. The other surprising fact is that Remington…

NAT’L – INDUSTRY INSIDER – 2 Gun Stocks That’ll Soar on a Biden Win

2020 has been a strange year, and it’s only halfway over. The global pandemic, economic shutdown, protests, riots, stock market crash, and the government’s money printer running at full blast are just an appetizer for the main event – November’s elections. Recent developments have been bullish for the gun industry, but the elections are going to be another major catalyst for sales, especially if recent trends hold. 2008 and…

NAT’L – INDUSTRY INSIDER – Gun Demand Is Off the Charts in America

U.S. CONSUMERS ARE RUSHING TO BUY GUNS AS THE COVID-19 PANDEMIC AND PROTESTS OVER POLICE BRUTALITY COMBINE WITH U.S. PRESIDENTIAL POLITICS TO FUEL UNPRECEDENTED DEMAND. FIREARM BACKGROUND CHECKS COMPILED BY THE FEDERAL BUREAU OF INVESTIGATION, A PROXY FOR GUN PURCHASES, JUMPED TO A RECORD IN JUNE AS STREET DEMONSTRATIONS SPREAD AROUND THE U.S. THAT EXTENDED A SURGE THAT BEGAN IN MARCH AS THE CORONAVIRUS PROMPTED LOCKDOWNS ACROSS THE COUNTRY. THE BOOM IS LIFTING THE SHARES OF GUNMAKERS SMITH & WESSON BRANDS INC. AND STURM RUGER & CO. AFTER FOUR MOSTLY LEAN YEARS FOR INVESTORS. GUN SHOP OWNERS AND WALL STREET ANALYSTS PREDICT NEW SALES GAINS, ESPECIALLY IF PROTESTS CONTINUE AND DEMOCRATIC PRESIDENTIAL CHALLENGER JOE BIDEN, WHO SUPPORTS MORE RESTRICTIONS ON FIREARMS, MAINTAINS HIS LEAD IN NATIONAL POLLS OVER PRESIDENT DONALD TRUMP.

NY – INDUSTRY INSIDER – Gun Maker Remington Preps for Bankruptcy, Seeks Sale to Navajo Nation

Firearms manufacturer Remington Arms Co. is preparing to file for chapter 11 protection for the second time since 2018 and is in advanced talks for potential bankruptcy sale to the Navajo Nation, people familiar with the matter said. The bankruptcy filing could come within days as the gun maker makes preparations for the Navajo Nation to serve as the lead bidder to purchase Remington’s assets out of chapter 11,…

MA – INDUSTRY INSIDER – Smith & Wesson: A 4-Month Window For A Potential 50% Gain

SMITH & WESSON HAS SURGED FROM LOWS NEAR $6.00 IN MID-MARCH TO TRADE AT $16.50, WITH THE LATEST PUSH HIGHER BEING DRIVEN BY HIGHER FIREARM SALES. ANALYSIS OF FBI NICS DATA BY SMALL ARMS ANALYTICS FORECASTING (SAAF) HAS REPORTED THAT AMERICANS PURCHASED OVER 80% MORE GUNS IN MAY THAN THEY DID IN THE PREVIOUS YEAR. RIFLE SALES HAVE INCREASED BY AROUND 66% AS A PERFECT STORM OF FEAR HAS BEEN BUILDING UP. UNCERTAINTY HAS GROWN DUE TO THE CORONAVIRUS, WITH EVENTS SUCH AS THE RUN ON TOILET PAPER AND STORES, LEADING TO MANY CONSIDERING THE SAFETY OF THEIR PROPERTY.

NAT’L – INDUSTRY INSIDER – Are You Feeling Lucky, Punk? Then Sell Naked Puts On Smith & Wesson

CAN THERE BE TOO MANY GUNS IN AMERICA? NOT ACCORDING TO GUN OWNERS. SETTING ASIDE THE POLITICS SURROUNDING GUNS, THE SIMPLE FACT REMAINS THAT THERE ARE MORE GUNS THAN PEOPLE IN THE COUNTRY. THE 2018 SMALL ARMS SURVEY REPORTED THAT THERE ARE 393 MILLION GUNS IN AMERICA. OH YEAH, GUNS ARE SO POPULAR THAT THEY ALSO EXCEED THE NUMBER OF REGISTERED VEHICLES... BY OVER 100 MILLION! JUST HOW MANY PEOPLE OWN GUNS? ROUGHLY 30%, ACCORDING TO PEW RESEARCH. TWO-THIRDS OWN A GUN FOR PROTECTION, AND THAT POINT HAS BEEN DRIVEN HOME BY OWNERS, WHO POINT TO THE RECENT RIOTS AS JUSTIFICATION.

NH – INDUSTRY INSIDER – SIG Sauer GmbH Ended By Hostile Business Climate, Lack of Demand

On June 4, it was announced that SIG Sauer is closing. But it’s not SIG Sauer, Inc. here in the United States, based in New Hampshire. No, the plant being shuttered is in Eckernförde, Germany—SIG Sauer GmbH. Also, SIG Sauer AG in Neuhausen, Switzerland, is doing just fine, continuing to produce arms for the Swiss military and police. This closing only affects a couple handgun models, some rifles and about 130…

NH – INDUSTRY INSIDER – No, SIG Sauer Is Not Bankrupt; Gun Sales Are Booming

THERE ARE A NUMBER OF OUTLETS THAT ARE CLAIMING SIG SAUER IS BANKRUPT, WHICH COULDN’T BE FURTHER FROM THE TRUTH. SIG SAUER AND OTHER GUN MANUFACTURERS REPRESENT A BOOMING BUSINESS ACROSS THE WORLD. SALES OF PERSONAL FIREARMS HAVE INCREASED SHARPLY AS INTERNATIONAL ECONOMIC UNCERTAINTY DUE TO COVID-19 RESTRICTIONS AND VIOLENT PROTESTS IN THE U.S. CONTINUE. DESPITE GROWING SALES AND DEMAND FOR MANUFACTURING, SIG ANNOUNCED IT WILL SHUTTER ITS NEARLY 70-YEAR-OLD FACTORY AT ECKERNFÖRDE NEAR KIEL, CAPITAL OF GERMANY’S STATE OF SCHLESWIG-HOLSTEIN, CUTTING SOME 125 JOBS AND POSSIBLY CANCELING FUTURE PURCHASE ORDERS. SIG ATTRIBUTED “LOCATIONAL HANDICAPS” FOR ITS PRODUCTION WOES IN GERMANY. BUT THE MORE WE DIG INTO THE MATTER; THE MORE ANTI-GUN AND ANTI-MILITARY POLITICS APPEAR TO BE AT FAULT.

NH – INDUSTRY INSIDER – SIG Sauer to shutter German weapons factory

Arms manufacturer SIG Sauer says it will close its German branch late this year, blaming German strictures on sports guns. Its thriving US armoury based in New Hampshire delivers arms to the US military. SIG Sauer, long the target of disarmament campaigners in Germany, announced Thursday it intended by year’s end to close its factory at Eckernförde near Kiel, capital of Germany’s northernmost state of Schleswig-Holstein. It blamed “locational handicaps”…

NAT’L – INDUSTRY INSIDER – Civil unrest pushes US gun stocks to outpace tech’s biggest companies

THENEXTWEB.COM June 3, 2020 – Big tech might be thriving thanks to the coronavirus pandemic, but the firearms industry is experiencing even faster growth as Black Lives Matter (BLM) protests grip the US.

Shares in weapons giants Smith & Wessen (sic), and Sturm Ruger & Co have surged since the first BLM rallies on May 30, up 27% and 14% respectively as…

INT’L – INDUSTRY INSIDER – Confirmation in Senate that banks have no grounds for firearms discrimination

AS NEWS EMERGES THAT THE NATIONAL AUSTRALIA BANK HAS APOLOGISED UNRESERVEDLY FOR CLOSING A NUMBER OF FIREARM BUSINESS'S ACCOUNTS, AUSTRALIA'S BANKING REGULATOR HAS CONFIRMED THAT BANKS HAVE NO LAWFUL GROUNDS TO DISCRIMINATE AGAINST LICENCED FIREARM TRADERS. SPORTING SHOOTERS OF AUSTRALIA ASSOCIATION PRESIDENT GRAHAM PARK SAID THESE DECISIONS SENT A STRONG MESSAGE TO OTHERS IN SOCIETY THAT THE FIREARMS INDUSTRY, ALREADY HEAVILY REGULATED AND SCRUTINISED, SHOULD BE TREATED EXACTLY THE SAME AS ANY OTHER LAWFUL BUSINESS WHEN IT COMES TO THE PROVISION OF FINANCIAL SERVICES.

NAT’L – INDUSTRY INSIDER – 7 Gun Stocks to Buy During the Coronavirus Pandemic

DURING TIMES OF CRISIS, MOST AMERICANS RISE TO THE CHALLENGE, EXEMPLIFYING WHY THE U.S. IS THE GREATEST COUNTRY ON EARTH. HOWEVER, NOT EVERYTHING IS SO MAGNANIMOUS ABOUT OUR NATION. WITH THE IMPACT OF THE NOVEL CORONAVIRUS COMES FEAR AND SCAPEGOATING, LEADING MANY LAW-ABIDING CITIZENS TO TAKE PRECAUTIONS. AS A RESULT, YOU CAN FIND A CYNICAL INVESTMENT CATALYST THROUGH GUN STOCKS TO BUY. SO LONG AS THE ECONOMY IS DEFLATED AND TENSIONS ARE HIGH, FIREARM SALES WILL LIKELY CONTINUE BREAKING RECORDS UP TO YEAR’S END. ONE OF THE BIGGEST DRIVERS FOR SUCH SALES IS THE GENUINE CONCERN AMONG ASIAN AMERICANS OF SCAPEGOATING AND RACIALLY MOTIVATED VIOLENCE.

DC – INDUSTRY INSIDER – Hudson Calls On Mnuchin, Powell And Carranza To Prevent Covid-19 Banking Discrimination Of Firearms, Ammunition Industries

U.S. REPRESENTATIVE RICHARD HUDSON (NC-08), A STAUNCH SUPPORTER OF THE SECOND AMENDMENT AND SPONSOR OF THE CONCEALED CARRY RECIPROCITY ACT, IS LEADING THE EFFORT TO CALL ON THE TRUMP ADMINISTRATION AND FEDERAL RESERVE TO PREVENT FINANCIAL DISCRIMINATION AGAINST INDUSTRIES INCLUDING FIREARMS AND AMMUNITION AMID THE ECONOMIC RECOVERY TO THE COVID-19 PANDEMIC. REP. HUDSON WAS JOINED BY 98 MEMBERS OF CONGRESS ON A LETTER TO TREASURY SECRETARY STEVEN MNUCHIN, FEDERAL RESERVE SYSTEM CHAIRMAN JEROME POWELL, AND SMALL BUSINESS ADMINISTRATION ADMINISTRATOR JOVITA CARRANZA URGING FURTHER GUIDANCE TO CLARIFY ELIGIBILITY AND PREVENT FINANCIAL DISCRIMINATION OF INDUSTRIES INCLUDING FIREARMS AND AMMUNITION, OIL AND GAS, COAL AND PRIVATE CORRECTIONS.

NAT’L – INDUSTRY INSIDER – Fire Up The Cash Selling Naked Puts On Sturm Ruger

THE 2018 SMALL GUNS SURVEY REPORTED THAT THERE ARE 393 MILLION GUNS IN AMERICA. GUNS ARE SO POPULAR THAT THEY EXCEED THE NUMBER OF CARS REGISTERED IN THE US BY OVER 100 MILLION. PEW RESEARCH REPORTS LAST THAT 3 IN 10 AMERICAN ADULTS OWN A GUN AND 11% LIVE WITH A GUN OWNER. 67% SAY THEY OWN ONE FOR PROTECTION.GUN OWNERSHIP HAS REMAINED RELATIVELY CONSTANT, RANGING FROM 37% TO 45% OVER THE PAST FIFTY YEARS.

NAT’L – INDUSTRY INSIDER – How Gun Manufacturers Joined the Coronavirus Fight

THE DEADLY SPREAD OF THE CORONAVIRUS MIGHT BE A WAR WITHOUT WEAPONS, BUT THAT HAS NOT STOPPED LEADING GUN MANUFACTURERS ACROSS THE COUNTRY FROM AIDING THOSE ON THE FIRING LINE. AS THE PANDEMIC, OFFICIALLY REFERRED TO AS COVID-19, LOOMED IN MARCH AND FEARS ESCALATED OVER A DRASTIC NATIONAL SHORTAGE OF PERSONAL PROTECTION EQUIPMENT (PPE) U.S. WEAPONS PLANTS QUICKLY SHIFTED THEIR PRODUCTION PLANTS TO ASSIST IN FILLING THE VOID AND POTENTIALLY SAVING THOUSANDS OF VULNERABLE LIVES. SIG SAUER, KELTEC AND SMITH & WESSON ARE AMONG SEVERAL THAT HAVE JOINED THE CORVID-19 FIGHT BY USING THEIR FACILITIES AND TALENT TO PRODUCE FACE SHIELDS, MASKS AND OTHER EQUIPMENT NEEDED BY MEDICAL PROFESSIONALS.

NAT’L – INDUSTRY INSIDER – Ruger Q1 2020 Results – Conservatively Run Companies Still Have Fun And Profits

ON WEDNESDAY, MAY 6TH, STURM, RUGER & COMPANY (NYSE:RGR) REPORTED ITS Q1 FY2020 EARNINGS RESULTS. DESPITE TRAILING YEAR-OVER-YEAR FIGURES IN FY2019, THE COMPANY WAS ABLE TO PRODUCE A MEANINGFUL INCREASE IN YEAR-OVER-YEAR REVENUE AND A DOUBLE-DIGIT INCREASE IN EARNINGS PER SHARE IN THE FIRST QUARTER OF FY2020. WAS IT JUST THE COVID-19 VIRUS RESPONSE? OR IS RUGER "BRINGING SEXY BACK?"

NC – INDUSTRY INSIDER – Sharp increase in firearms sales lifts Ruger to 18% profit increase

JOURNALNOW.COM May 7, 2020 – A sharp increase in consumer demand for firearms during the early stages of the COVID-19 pandemic enabled Sturm, Ruger & Co. to post Wednesday a 17.7% surge in first-quarter net income to $15.3 million.

Diluted earnings rose 17.6% to 87 cents per share. There were no earnings forecasts from Zacks Investment Research. Ruger released the…

PA – INDUSTRY INSIDER – Sponsor abandons ammo background checks after backlash

AMMUNITION SPARKED SUCH A FURIOUS BACKLASH FROM GUN-RIGHTS ADVOCATES THAT THE LAWMAKER WHO INTRODUCED THE LEGISLATION HAS DROPPED HIS OWN SUPPORT FOR IT. REPUBLICAN STATE REP. THOMAS MUR OF MONTGOMERY COUNTY INTRODUCED LEGISLATION IN MARCH AIMED AT BARRING PEOPLE WHO CAN’T LEGALLY OBTAIN A FIREARM FROM BEING ABLE TO BUY AMMUNITION EITHER. THE PROPOSAL WAS INSPIRED BY A CONVERSATION WITH AN OFFICER ON A GUN VIOLENCE TASK FORCE IN PHILADELPHIA, MURT SAID. THE OFFICER SUGGESTED THAT THE STATE COULD STEM THE WAVES OF GUN VIOLENCE BY MAKING IT HARDER FOR PEOPLE TO ACQUIRE AMMUNITION, MURT SAID. MURT SAID THE IDEA SEEMED REASONABLE SO HE ANNOUNCED PLANS FOR THE LEGISLATION.

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