Gun Sales Skyrocket. Obamafear?

Must buy guns, must buy guns…

For the moment, it’s good to be in gun sales. Demand is up almost across the board and your share price is on the rise. Why? Some fear President Obama could swoop down at any moment and swallow the best tactical stuff in your inventory. Anthony Mirhaydari of MSN Moneycentral reports that gun buffs across the nation are stocking up on various rifles and pistols - even assault weapons.

Assault weapons? Yes. The ban on their sale expired in 2004, but President Obama is considering reinstituting the old ban. According to Mirhaydari, the president’s main concern is the flow of the weapons south of the border and into the hands of Mexican drug cartels.

A growth industry

Gun makers Smith & Wesson and Ruger, as well as retailer Cabela’s, are reaping the benefits of increased sales. Smith & Wesson projects it will double its revenue within the next three years. Ruger showed an 81 percent fourth quarter increase on new products. It currently has an order backlog that amounts to $48 million. Cabela’s reported a 2.2 percent same-store sales increase over the holiday election season. Normally, that is a difficult time for retail merchants.

Share prices are on the rise. Recently, Smith & Wesson was up 56 percent, Cabela’s 35 percent and Ruger 44 percent. ... click here to read the rest of the article titled "Gun Sales Skyrocket. Obamafear?"