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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

CT – Industry Insider – NSSF Statement on Parkland School Tragedy

sponsored – NSSF.ORG February 23, 2018 – The senseless loss of life that occurred on February 14th in Parkland, Florida, is unimaginable and heartbreaking. Members of the firearms industry share the goal of all Americans in wanting to see violence in our society reduced and our communities and children made safer. 

MD – Industry Insider – Two Major Companies End Relationship With NRA (VIDEO)

TOWNHALL.COM February 23, 2018 – Two major companies have severed their corporate relationship with the National Rifle Association in the wake of the Florida high school shooting. Enterprise Holdings Inc., which is the parent company of Enterprise, Alamo, and National Car Rental, said Thursday the discount program for NRA members would end, starting March 26. The First National Bank of Omaha, the largest privately-owned bank in the nation, also…

NYC – Industry Insider – Gun stocks climb as Trump, NRA debate regulation after Florida school killings

WASHINGTON EXAMINER February 22, 2018 – Rifle manufacturers pared their losses following a deadly high school shooting as President Trump discussed tightening safety measures Thursday while maintaining his loyalty to a concerned and combative gun lobby. Sturm Ruger & Co. rose 3.6 percent to $49, while American Outdoor Brands Corp., formerly known as Smith & Wesson, increased 0.6 percent to $10.12. 

NYC – Industry Insider – Why mass shootings may no longer boost firearm stocks (VIDEO)

CBS NEWS January 15, 2018 – Although shares of gun makers rose briefly following Wednesday’s attack at a high school in Florida that killed 17 people, the surge quickly fizzled. On Thursday, Sturm Ruger (RGR) saw its stock close down 0.2 percent, while shares in American Outdoor Brands (AOBC, known until 2016 as Smith & Wesson) saw only a small lift. 

Nat’l – Industry Insider – Gun stocks are rallying (as they usually do after a mass shooting) (VIDEO)

USA TODAY February 15, 2018 – Shares of gun manufacturers rose in the premarket Thursday, continuing rallies in the wake of the tragic shooting at a high school in Florida. Sturm Ruger and Smith & Wesson’s parent company, American Outdoor Brands, rose 2.8% and 2.4%, respectively, before the bell. 

Remington bankruptcy could put rifle settlement at risk, attorneys say

CNBC.COM February 14, 2018 – An expected bankruptcy filing by Remington, which the gun manufacturer announced on Monday, could jeopardize a landmark class action settlement involving the company’s iconic Model 700 bolt-action rifle, according to an attorney involved in the case.  A three-judge panel of the Eighth U.S. Circuit Court of Appeals is scheduled to hear oral arguments in the case on Wednesday in Kansas City. 

Cerberus’s Remington to Cede Gun Maker to Lenders in Bankruptcy

BLOOMBERG QUINT.COM February 13, 2018 – Remington’s prepackaged reorganization will be filed with the U.S. Bankruptcy Court in Delaware, according to a statement from the company. Holders of the gunmaker’s $550 million term loan will take an 82.5 percent equity stake in Remington while third-lien noteholders get 17.5 percent of the company and four-year warrants for a 15 percent stake, according to Remington. Creditors will also provide a $100 million debtor-in-possession loan…

NC – Industry Insider – Beleaguered gun maker Remington points to bankruptcy court

ABC NEWS February 12, 2018 – Remington, the gun maker beset by falling sales and lawsuits tied to the Sandy Hook Elementary School massacre, has reached a financing deal that would allow it to continue operating as it seeks Chapter 11 bankruptcy protection. 

CT – Industry Insider – NSSF Files Supreme Court Amicus Brief

Sponsored NSSF.ORG February 12, 2018 – NSSF is filing an amicus brief requesting the United States Supreme Court to hear the Teixeira v. County of Alameda case arguing that the lawful commerce in arms is protected by the Second Amendment. The Ninth Circuit Court of Appeals summarily concluded the Second Amendment does not include, let alone protect, a “freestanding” or “independent” right to sell firearms. 

CT – Industry Insider – NSSF Files Amicus Brief to Supreme Court for Lawful Commerce in Arms

Sponsored – NSSF.ORG February 9, 2018 – NSSF is filing an amicus brief in the Supreme Court of the United States in support of a petition for a writ of certiorari in the Teixeira v County of Alameda case out of the United States Court of Appeals for the Ninth Circuit. The Circuit Court summarily concluded the Second Amendment does not even include, let alone protect, a “freestanding” or “independent” right to sell…

U.S. gun maker Remington reportedly taking steps toward bankruptcy filing

WASHINGTON TIMES February 8, 2018 – One of the biggest U.S. gun manufacturers is taking steps toward filing for bankruptcy, according to Reuters news service. Remington Outdoor Company Inc. has “reached out to banks and credit investment funds in search of financing that will allow it to file for bankruptcy,” Reuters reported Thursday evening, citing “people familiar with the matter.” 

Nat’l – Industry Insider – U.S. Gun Companies Manufactured A Record 11 Million Firearms In 2016

YAHOO.COM February 8, 2018 – U.S. gun companies manufactured more than 11 million firearms in 2016, setting a new record in a year of sales driven by fear of a Hillary Clinton presidency. The data, released Thursday by the Bureau of Alcohol, Tobacco, Firearms and Explosives, sheds light on the gun industry’s rapid expansion in the Obama years, with manufacturing totals more than doubling between 2009 and 2016.  [full…

CT – Industry Insider – Preventing Thefts Of Firearms From Vehicles, NSSF Brochure

Sponsored – NSSF.ORG February 5, 2018 –  In response to the rising number of gun thefts from vehicles, NSSF has produced the brochure “Firearms Safety in Vehicles” to remind gun owners that it’s their responsibility to keep their firearms out of the wrong hands, and that if they must leave a firearm in their car or truck for any period of time, it’s important to take precautions.  [full…

Nat’l – Industry Insider – Why 2017 Was a Year to Remember for Sturm, Ruger & Company, Inc.

MOTLEY FOOL.COM February 5, 2018 – Considering the dark gray clouds that hung over the firearms industry for the better part of 2017, it may be surprising to learn that Sturm, Ruger (NYSE:RGR) had a pretty good year. Although firearms sales tumbled 20% over the first three quarters, helping to send American Outdoor Brands’ (NASDAQ:AOBC) down 34% in the same period, Ruger’s stock gained 6% for the year, whereas its rival lost 40% of its…

AR – Industry Insider – SIG Sauer: Central Arkansas plant to add ammo offering

ARKANSAS ONLINE.COM February 4, 2018 – Firearms company Sig Sauer will soon be making new ammunition at its Jacksonville plant for the growing micro-compact pistol market. The ammo should be available soon in retail outlets, company officials said recently. Sig Sauer’s 365 Ammunition in 9mm is specially designed for the small pistols popular with holders of concealed-carry permits. Sig Sauer showed off its latest pistol in the micro-compact category,…

CT – Industry Insider – NSSF, ATF Launch Operation Secure Store (VIDEO)

Sponsored – NSSF.ORG February 2, 2018 – NSSF and the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) have announced the launch of Operation Secure Store (OSS), a comprehensive joint initiative to help Federal Firearms Licensees (FFLs) make well-informed security-related decisions to deter and prevent thefts. 

CT – Industry Insider – SHOT Show Celebrates 40th Anniversary  

Sponsored NSSF.ORG January 30, 2018 – Last week, at the Sands Expo in Las Vegas, NSSF commemorated this milestone with more events than ever before. “From the show’s humble beginnings in 1979, to now being one of the leading trade shows in the world, we’ve come a long way in 40 years,” said Chris Dolnack, NSSF Senior Vice President and Chief Marketing Officer. 

This News Happens Only Once a Generation (VIDEO)

GUNPROPLUS.COM January 27-28, 2018 – What had been a series of year-long covert communications involving only very few but significant principals rumbled through the vastness of the Sands Convention Center last Tuesday as the 2018 edition of the gun industry’s famed SHOT Show got underway. No longer breaking news this weekend but certainly significant was the announcement that Weatherby, the South Gate, California, born and bred iconic hunting rifle…

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