NSSF http://www.gunvote.org

BHA Survive


Digital Daily Gun News Website

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

NAT’L – INDUSTRY INSIDER – Republican Senators Warn Banks: Do Not Use Recovery Funds to Target Gun Companies

Nineteen Republican Senators signed a letter to Treasury Sec. Steve Mnuchin, alerting him that financial institutions might use recovery funds to target gun companies. The National Shooting Sports Foundation (NSSF) reports that U.S. Sen. Kevin Cramer (R-ND) spearheaded the effort to warn Mnuchin not simply that the efforts against gun companies could occur, but are fully expected.

The letter said, “A small but vocal minority has weaponized federally-backed banks against politically-disfavored businesses that…

NAT’L – INDUSTRY INSIDER – Senators Probe Whether Banks Denied Coronavirus Relief to Gun, Energy Businesses

FREE BEACON.COM April 29, 2020 – Republican senators are launching a new inquiry into the troubled coronavirus relief program to ensure that banks are not discriminating against small businesses in the gun and energy industries among others. A group of 19 GOP lawmakers sent a letter to the Small Business Administration, Treasury Department, and Federal Reserve late on Tuesday…

DC – INDUSTRY INSIDER – GOP senators warn banks over rejecting small business loans for guns, coal, and other industries targeted by liberals

Republican members of Congress say firearms-related industries and other businesses such as coal, gas, and oil are at risk of being denied Small Business Administration loans. They’re raising questions about whether banks’ “social policies” may reject small business loan applications from the new Paycheck Protection Program, enacted to counter the nation’s economic free fall amid the coronavirus pandemic. Nineteen Republican senators signed a letter Wednesday to Treasury Secretary Steven Mnuchin, Federal…

NAT’L – INDUSTRY INSIDER – Gun Manufacturers Produce, Donate PPE to Fight Coronavirus

GUN MANUFACTURERS AREN’T ABLE TO USE GUNS TO FIGHT THE CORONAVIRUS, BUT THEY ARE USING THEIR PRODUCTION PLANTS TO CREATE PERSONAL PROTECTION EQUIPMENT TO AID IN THE BATTLE. FOX NEWS REPORTS THAT GUN MAKERS ACROSS THE COUNTRY ARE USING THEIR PRODUCTION PLANTS TO HELP PROVIDE MASKS, FACE SHIELDS AND OTHER PROTECTIVE GEAR. "SIG SAUER, RUGER, SMITH & WESSON, AND KELTEC ARE AMONG THE COMPANIES IN THE FIREARM INDUSTRY WHO HAVE MADE EFFORTS TO FIGHT COVID-19 BY MAKING AND/OR SUPPLYING PPE. THE DONATIONS HAVE BEEN MADE TO FIRST RESPONDERS SUCH AS POLICE, FIRE, AND EMTS, BUT ALSO TO HEALTH CARE PROFESSIONALS IN THEIR LOCAL HOSPITALS," ERIC POOLE, EDITOR-IN-CHIEF OF GUNS & AMMO MAGAZINE TOLD FOX NEWS.

NAT’L – INDUSTRY INSIDER – Wells Fargo’s Relationship With NRA Is ‘Declining’: CEO

WELLS FARGO, THE FOURTH-LARGEST U.S. BANK, HAS BEEN QUIETLY WINDING DOWN ITS RELATIONSHIP WITH THE NRA FOR NEARLY TWO YEARS, A BANK SPOKESMAN SAID. BUT TUESDAY'S COMMENTS MARKED A CHANGE IN TONE AT THE SAN FRANCISCO-BASED LENDER, WHICH HAS BEEN KNOWN AS ONE OF THE LARGEST FINANCIERS OF THE FIREARMS SECTOR, EVEN AS OTHER LARGE BANK RIVALS BACKED AWAY. PAST WELLS FARGO EXECUTIVES DEFENDED THE BANK'S RELATIONSHIP WITH THE NRA AND LENDING POLICIES, SAYING THAT GUN VIOLENCE SOLUTIONS SHOULD COME FROM THE GOVERNMENT NOT BANKS.

NAT’L – INDUSTRY INSIDER – Gun Sales During Covid-19 Are at Record Highs. These Stocks Could Benefit.

The coronavirus is turning out to be bullish for gun sales, which are at record highs on worries that surging unemployment could ultimately incite more crime. Last month, as many state governments told residents to quarantine in their homes, the federal government conducted 3.7 million background checks on gun buyers, beating the previous high of 3.3 million set in December 2015. That new record could soon be surpassed. “If this…

NAT’L/INT’L – INDUSTRY INSIDER – US Civilian Firearms Exporters Take Heed as Commerce Department Takes Lead Over Enforcement under New Rule

On March 9, 2020, a new US federal firearms export control rule (the Rule) that has been in the works for many years went into effect, changing the way the United States regulates international trade in firearms, guns, ammunition and related articles. Essentially, the Rule makes the US Commerce Department responsible for the regulation of most commercially available firearms exports and enforcement of those regulations, rather than the US…

Firearms Boom Destroys Short Thesis – 45% Upside

SEEKING ALPHA.COM April 22, 2020 – American Outdoor Brands (NASDAQ:AOBC) is a holding company for firearms and outdoor products, including its flagship business, Smith & Wesson. Beginning in 2015-amidst the greatest boom (until now) in firearms history – former CEO James Debney embarked upon a $367M acquisition spree that left shareholders with a heavy debt load and a collection of money…

NAT’L – INDUSTRY INSIDER – Citigroup Takes Taxpayers’ Money While Trashing Their Constitutional Rights

Citigroup CEO Michael Corbat today reversed his admission that Citi’s aggressive anti-gun stance had cost the company money, dodging a question from the National Center for Public Policy Research’s Free Enterprise Project (FEP) about whether taxpayer bailouts present an additional obligation for the company to not discriminate against companies that engage in activities protected by the Second Amendment. During the virtual annual shareholder meeting, FEP Coordinator Scott Shepard asked Corbat: Last year at…

NAT’L – INDUSTRY INSIDER – NSSF: Firearm Industry Economic Impact Soars

THE TOTAL ECONOMIC IMPACT OF THE FIREARM AND AMMUNITION INDUSTRY IN THE U.S. INCREASED FROM $19.1 BILLION IN 2008 TO $60 BILLION IN 2019, A 213 PERCENT INCREASE, ACCORDING TO A REPORT RELEASED APRIL 13 BY THE NATIONAL SHOOTING SPORTS FOUNDATION (NSSF). THE FIREARM INDUSTRY TRADE ASSOCIATION ALSO REPORTED THAT THE TOTAL NUMBER OF FULL-TIME-EQUIVALENT JOBS ROSE FROM APPROXIMATELY 166,000 TO OVER 332,000, A 100 PERCENT INCREASE IN THAT PERIOD.

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

Canadians and members of other nationalities may openly wonder about America’s obsession with firearms. In fairness, it’s not that we are obsessed. Rather, gun owners are among the nicest and most reasonable Americans you can find. It’s just that they’re scared of the insanity of the masses. And even if you don’t want to arm yourself, you should at least consider buying gun stocks. As I’ve explained in prior…

NAT’L – INDUSTRY INSIDER – Can the Gun Industry Access COVID-19 Relief SBA Loans?

THE COVID-19 ECONOMIC SHUTDOWN HAS HIT THE U.S. ECONOMY WITH A HARD PUNCH TO THE GUT. MARKETS HAVE FALLEN BY ONE THIRD IN VALUE AND “STAY AT HOME” ORDERS HAVE SHUTTERED BUSINESSES. SMALL BUSINESSES LACKING THE CAPITAL STAYING POWER TO WEATHER THE ECONOMIC STORM HAVE BEEN HIT PARTICULARLY HARD. ON FRIDAY, MARCH 27, PRESIDENT DONALD J. TRUMP SIGNED THE CARES ACT INTO LAW. IT CONTAINS $375 BILLION IN RELIEF FOR AMERICAN WORKERS AND SMALL BUSINESSES. THIS LAW ESTABLISHES SEVERAL TEMPORARY PROGRAMS THROUGH THE U.S. SMALL BUSINESS ADMINISTRATION (SBA). A LIST OF THE PROGRAMS CAN BE FOUND ON THE SBA’S CORONAVIRUS RELIEF OPTIONS PAGE.

INT’L – INDUSTRY INSIDER – ‘Essential’ gunmaker Taurus stays open as coronavirus shutters Brazil

Brazilian gunmaker Taurus SA said on Monday it would continue manufacturing firearms after the government decided its functions are “essential,” even as the country shuts down to stop the spread of coronavirus. Taurus, whose weapons are used by police officers across Brazil and sold in the U.S. market, said in a filing that the government had classified it as a Strategic Defense Company. Shares in the gun manufacturer have…

US Gun Industry Groups Urge Lawmakers To Keep Gun Shops Open

THEGUARDIAN.COM  March 26, 2020 – US gun industry groups are engaged in an intense attempt to persuade state and federal lawmakers that gun shops should be considered “essential” businesses during the coronavirus crisis, and therefore allowed to stay open.

The National Shooting Sports Foundation (NSSF), one of the largest US pro-gun ownership groups, told its members this week it had…

MA – INDUSTRY INSIDER – Coronavirus shutdown doesn’t close Springfield Smith & Wesson plant; gunmaker donates eye protection to Baystate Health

SAYING IT IS “CRITICAL INFRASTRUCTURE FOR THE UNITED STATES AND THE COMMONWEALTH,” GUNMAKER SMITH & WESSON IS KEEPING ITS MANUFACTURING PLANTS, INCLUDING THE SPRINGFIELD FACTORY, OPERATIONAL DURING GOV. CHARLIE BAKER’S ORDER CLOSING “NONESSENTIAL” BUSINESSES ACROSS THE STATE.

INT’L – INDUSTRY INSIDER – SIFA Bites Back After Another Big Bank Closes a Firearms Industry Account

There have been more stories this week of big banks closing the accounts of businesses in the firearms industry. SIFA has responded by going into bat for these small businesses as it sets a dangerous precedent. The Shooting Industry Foundation of Australia takes this behaviour most seriously and will be taking legal advice immediately to protect the business interests of Licensed Australian Firearms Dealers. The Weekly Times has run two stories in…

NAT’L – INDUSTRY INSIDER – Gun Company Stocks Rebound as Coronavirus Sends Market Tumbling

Business closures and lockdowns have dealt withering blows to the economy since the novel coronavirus first emerged as a global threat, causing stocks to tumble. But after initially sliding along with the rest of the market, publicly traded gun companies have rebounded decisively. Since March 10, panic buying of guns and ammunition has helped drive a steep rise in stock prices for American Outdoor Brands, the parent company of Smith &…

AR – INDUSTRY INSIDER – Firm customizes Sig Sauer pistols

WILSON COMBAT IS WORKING WITH SIG SAUER TO OFFER UPGRADES TO TWO OF SIG'S MOST POPULAR PISTOLS. THIS ISN'T THE FIRST TIME CUSTOM GUN-MAKER WILSON COMBAT HAS OPERATED IN CONJUNCTION WITH TOP GUN COMPANIES. IN 2016, WILSON BEGAN TO OFFER CUSTOMIZED VERSIONS OF BERETTA'S POPULAR M92 PISTOL, AND IN 2017, THE COMPANY BEGAN TO OFFER CUSTOM WORK AND PART UPGRADES FOR FIREARMS STALWART GLOCK.

Download
Our Mobile App

and get our latest news and featured videos instantly

Download Now