{"id":34900,"date":"2021-07-07T06:27:15","date_gmt":"2021-07-07T10:27:15","guid":{"rendered":"http:\/\/angry.net\/blog2\/?p=34900"},"modified":"2022-09-01T05:19:38","modified_gmt":"2022-09-01T09:19:38","slug":"are-democrats-paying-attention-to-gun-sales","status":"publish","type":"post","link":"https:\/\/angry.net\/blog2\/?p=34900","title":{"rendered":"Are Democrats paying attention to gun sales?"},"content":{"rendered":"

Good day all. Since usurping office, the Fake President, his handlers and the rest of the maladministration have been working on plans to confiscate Americans firearms. This, of course, isn\u2019t new. However, it appears that the Gun Grabbers and Dementia Joe have not been reading the corporate sales reports from gun and ammunition manufacturers.<\/p>\n

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Smith & Wesson just announced their sales results, and they made over $1 BILLION dollars last year. Ruger, another publicly traded gun manufacturer, also reported a massive increase in sales. Here are the details from The Reload<\/b><\/a>:<\/p>\n

One of the nation\u2019s largest gun companies raked in record sales as Americans flooded gun stores last year. <\/b>Smith & Wesson reported its best sales year ever in 2020, topping $1.1 billion<\/a> in net sales for the first time ever. That\u2019s up more than 100 percent from 2019. <\/b><\/p>\n

\u201cOur manufacturing logistics teams produced and shipped nearly 2.5 million units last fiscal year, representing a 70 percent increase year on year,\u201d CEO Mark Smith said during the company\u2019s June 17 earnings call<\/a>. \u201cWhile during the same timeframe, the U.S. firearms market as measured by NICS grew by 42 percent.\u201d <\/b><\/p>\n

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And now for some due diligence. I own shares in both Smith & Wesson and Ruger. Not a lot mind you, but I have some.<\/p>\n

The unprecedented sales enabled the newly spun-off company to go debt-free and pay out a dividend. <\/b><\/p>\n

\u201cDuring fiscal 2021, we invested in our business and our people, we repaid all of our bank debt, we repurchased over 10% of our outstanding common stock, and we began paying our stockholders a quarterly dividend for the first time in company history,\u201d said Deana McPherson, the company\u2019s CFO, in a statement. \u201cOur Board has authorized a new $50 million share repurchase program as well as a 60% increase in our quarterly dividend to 8 cents per share.\u201d <\/b><\/p>\n

For those of you not financially minded, (Which would be most Progressives), this is really big. Smith&Wesson has had a long history of financial issues, and at one point almost went under due to mismanagement. They were then taken over from the British company that was running them into the ground and started rebuilding. Finally, last year I believe, they were spun off as an independent company once again.<\/p>\n

They have developed a number of new products, such as the M&P Shield series pistols which have proven to be very popular. Personally, I don\u2019t own one, but I have handled a few and I did like how they handled. Now that S&W is debt free and has a fair sized cash reserve, even after the dividend, they can design new products and expand their manufacturing base.<\/p>\n

The year of 2020 was the strongest for gun sales in history as unease created by the pandemic, prisoner releases, meat shortages, police brutality, nationwide rioting, and the election pushed people to buy guns for the first time. The deluge of new owners has exceeded the industry\u2019s ability to produce new guns and, especially, ammo<\/a>. Smith & Wesson reported having just one week\u2019s worth of supply in distributor inventory during the earnings call. <\/b><\/p>\n

When the Second Worst President in American History, Barack Obama, was in office, he was called the greatest gun salesman of all time. When The greatest President of the 21st<\/sup> Century, Donald Trump, was elected, firearm sales did drop a bit since people didn\u2019t see him as a threat to the 2nd<\/sup> Amendment. With the exception of the bump stocks, he was generally supportive.<\/p>\n

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Occasionally he would say things that would set 2nd<\/sup> Amendment supporters teeth on edge, but he didn\u2019t follow through. (President Trump was noted for his \u201cRope-a-Dope tactics, saying one thing and doing the opposite, or something entirely different) Now we have the Fake President who has bluntly stated he wants to confiscate people\u2019s guns. This, along with other reasons has driven gun sales in America to new highs.<\/p>\n

Smith & Wesson isn\u2019t the only gun company seeing incredible demand and growth. Ruger reported<\/a> a nearly 50 percent jump in net sales during its first quarter of 2021, while top ammo makers Olin Company and Vista Outdoor have seen about a fourfold increase in their stock prices over the past year. The National Shooting Sports Foundation, which represents gun makers and dealers, said the entire industry is experiencing huge gains. <\/b><\/p>\n

\u201cI think every manufacturer right now is benefiting from this outsized level of demand that we\u2019re witnessing,\u201d Mark Oliva, a spokesperson for the group, told <\/b>The Reload<\/b><\/em>. \u201cWe are in a period of unprecedented demand. That\u2019s undeniable.\u201d <\/b><\/p>\n

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The company\u2019s strong quarter is further evidence Americans\u2019 hunger for new guns is yet to be satiated. Civilians bought up more than 1.3 million guns in May 2021, second only to the previous May. More than 8.5 million guns have been sold so far this year, which is about 400,000 more than during the same period in 2020. <\/b><\/p>\n

Oliva said demand will eventually level off, but the question is what level it stops at and when. With politicians, including President Joe Biden<\/a>, continuing to aggressively push for bans on popular guns, such as the AR-15, the industry expects demand to remain elevated for the foreseeable future. <\/b><\/p>\n

\u201cWe\u2019re keeping pace with what we saw last year, and there are no indications, at this point, that demand is going to drop off precipitously,\u201d Oliva said. <\/b><\/p>\n

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The Democratic CommuNazis flat out hate the fact that their property has the means to rebel against their \u201cOh So Enlightened Rule.” This is why they are pushing a real dirtbag to be the head of the BATFE. This would be David Chapman<\/a>, who has a long history of anti-2nd<\/sup> Amendment rantings and ravings. He has been working with extremists to flat out suppress the 2nd<\/sup> Amendment and has stated that he is fine with going door to door to confiscate guns.<\/p>\n

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As long as the Progressive Liberal Democratic CommuNazis keep demanding that the 2nd<\/sup> Amendment be repealed or ignored, along with their wanton disregard for the safety of honest men, women and children from the predators and vermin they count as part of their base, sales will continue to be brisk. To all those who are exercising their 2nd Amendment rights, my portfolio thanks you.<\/p>\n

Thatisall<\/p>\n\"1\"2\"3\"4\"5 (2<\/strong> votes, average: 5.00<\/strong> out of 5)
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