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Economy
Smith & Wesson investors are celebrating
2015-08-29
[Business Insider] Smith & Wesson's investors are celebrating Friday.

Shares of the gunmaker are up more than 10% following the release of the company's better-than-expected quarterly earnings report.

"Our first-quarter results exceeded our expectations for sales and net income in both our firearms and accessories divisions," CEO James Debney said. "Higher revenue in our firearms division was driven by strong orders for our M&P 15 Sport rifles, our Thompson/Center Venture bolt-action rifles and our M&P Shield polymer pistols."

All of this comes as the outrage over lax US gun control seems to be intensifying.
In certain quarters, yes. Elswhere the concern is that gun control is entirely too controlling.
S&W says business boomed after Obama became president. The irony of the gun-control debate is that sales spike when it seems tighter gun-control policy is coming.

"[W]e experienced strong consumer demand for our firearm products following a new administration taking office in Washington, D.C., in 2009," said the management of gunmaker Smith & Wesson.

That's when President Barack Obama moved into the White House.

Posted by:Besoeker

#1  No mention of plans to produce crew-served weapons for the consumer market? Handy stuff for neighborhood defense once the Great Unraveling starts!
Posted by: SteveS   2015-08-29 18:04  

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