The FBI recently released the background checks data for the month of September 2019. The adjusted NICS data showed a meaningful increase in the year-over-year background checks, continuing the August 2019 trend, driven by new gun control measures considered by President Trump. Recent data is a welcome sign and a bullish opportunity for investors of Ruger, American Outdoor Brands, and Vista Outdoor. It certainly looks like it is becoming sustained. As we discussed in the August NICS article, firearms sports and outdoor investors in companies such as Ruger (RGR), American Outdoor Brands (AOBC), Vista Outdoor (VSTO), Sportsman’s Warehouse (SPWH) and Taurus SA (OTC:FORZF) received great news as the August 2019 background checks data showed a meaningful year over year increase. Unlike in previous years where we saw temporary year over year increases as a response to a domestic terrorism event, August’s increase, was not an anomaly and was actually the 5th month with year over year increases in 2019. Did the trend continue in September? Yes, Yes it did. [full article]
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Bob Rogers is the Editor and Publisher of GunPro Plus, America’s premier daily digital gun news portal. After a successful 20-year career as the Editor for a major magazine in the gun industry, Bob launched GunPro Plus to bring his industry expertise on gun news into the digital realm.