Thread: Increase in Gun Sales

Originally Posted by lmurky

With the talk of this administration's potential levy of taxes on guns or amunition, does anyone see an opportunity to buy stocks of gun manufacturers? Ruger seems to have jumped substantially... and there have been many news articles about how guns sales are up significantly since last November.

Why not just buy the guns? Owning the guns rather than buying stocks in a gun company is the better investment in my opinion. (Maybe even better than buying gold.) I might consider buying stock in ammo manufacturers. Right now they can't make enough to supply the demand. Unlike, housing, guns are still going up in value.
Just my rednecked, gun toting opinion.

Originally Posted by budnipper1

Why not just buy the guns? Owning the guns rather than buying stocks in a gun company is the better investment in my opinion. (Maybe even better than buying gold.) I might consider buying stock in ammo manufacturers. Right now they can't make enough to supply the demand. Unlike, housing, guns are still going up in value.
Just my rednecked, gun toting opinion.

Buy the guns while you can! Here is one of the first gun control bills of the new administration:

H.R.45
Title: To provide for the implementation of a system of licensing for purchasers of certain firearms and for a record of sale system for those firearms, and for other purposes.
Sponsor: Rep Rush, Bobby L. [IL-1] (introduced 1/6/2009) Cosponsors (None)
Latest Major Action: 2/9/2009 Referred to House subcommittee. Status: Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.


All Information (except text)Text of Legislation CRS Summary Major Congressional Actions

All Congressional Actions

All Congressional Actions with Amendments
With links to Congressional Record pages, votes,reportsTitles Cosponsors (None) Committees Related Bills Amendments Related Committee Documents CBO Cost Estimates Subjects

Given the forum, I was hoping to keep this along more financial than political lines, even though it may be close to impossible. I appreciate the intel. Just looking for opportunities to recover my huge losses last year. (Wish I knew about you guys then... )

I do like the idea about focusing on the ammo instead. Any thoughts on ATK?

Originally Posted by lmurky

Given the forum, I was hoping to keep this along more financial than political lines, even though it may be close to impossible. I appreciate the intel. Just looking for opportunities to recover my huge losses last year. (Wish I knew about you guys then... )

I do like the idea about focusing on the ammo instead. Any thoughts on ATK?

I don't have a clue about ATK except that the company appears to be focused on military type munitions, instead of sporting ammunition. I don't own any rocket launchers...yet!

After a quick search, I've only found one listing for ammo related companies on the NYSE and that's OLN, http://finance.yahoo.com/q?s=OLN .

It operates in two segments, Chlor Alkali Products and Winchester. The Chlor Alkali Products segment offers chlorine and caustic soda, sodium hydrosulfite, hydrochloric acid, hydrogen, bleach products, and potassium hydroxide. The Winchester segment produces and distributes sporting ammunitions, reloading components, small caliber military ammunition and components, and industrial cartridges.

So far, I have not found a stock for Remington ammo, but at one time DuPont owned it. If that's still the case, I would not buy the stock myself, even though I worked for DuPont for 13 years. (long time ago)

Buy Copper, lead, brass and gunpowder before China buys it all up.

At this time, I don't believe this bill has the legs to make it out of subcommittiee.

Having said that... I invest more money in guns and ammo than I do my retirement.

What's the whole point of having a bunch of stuff it you can't prevent anyone from taking it?

Originally Posted by budnipper1

I don't have a clue about ATK except that the company appears to be focused on military type munitions, instead of sporting ammunition. I don't own any rocket launchers...yet!

After a quick search, I've only found one listing for ammo related companies on the NYSE and that's OLN, http://finance.yahoo.com/q?s=OLN .

It operates in two segments, Chlor Alkali Products and Winchester. The Chlor Alkali Products segment offers chlorine and caustic soda, sodium hydrosulfite, hydrochloric acid, hydrogen, bleach products, and potassium hydroxide. The Winchester segment produces and distributes sporting ammunitions, reloading components, small caliber military ammunition and components, and industrial cartridges.

So far, I have not found a stock for Remington ammo, but at one time DuPont owned it. If that's still the case, I would not buy the stock myself, even though I worked for DuPont for 13 years. (long time ago)

My agency uses a lot of Federal Premium ammunition, which is owned by ATK!

Originally Posted by Viva La Migra

My agency uses a lot of Federal Premium ammunition, which is owned by ATK!

Thanks Viva La Migra, glad to know that. My brother just bought a .327 caliber revolver that's fairly new on the market. Federal is one of a very few that make ammo for it. As far as I know, Ruger and Charter Arms are the only ones making a gun that shoots the 327 ammo. They claim it has .357 stopping power, but without the recoil. I'm looking for more info before I make my "investment" in one. The new gun shoots regular .32 ammo too.

http://www.gunblast.com/Ruger-SP101-327.htm

Originally Posted by JTH

Buy Copper, lead, brass and gunpowder before China buys it all up.

At this time, I don't believe this bill has the legs to make it out of subcommittiee.

Having said that... I invest more money in guns and ammo than I do my retirement.

What's the whole point of having a bunch of stuff it you can't prevent anyone from taking it?

President Pelosi....er the wicked witch of the west told BHO to hold up on on the assault rifle ban, because she said he has enough on his plate and doesn't have the votes yet.

I'm like you JTH, I'm investing in guns and ammo, because they'll be more valuable than gold, because of HR 54. It's just waiting to be brought off the shelf and ain't it funny that it originated in Illinois.

CB

Thanks. I put Olin on my watch list and had another idea. Since it is difficult to isolate the sporting segment of the industry from the military, why not look at the retail stores that sell the guns? I'm thinking Cabelas may still be a good buy. On 2/14, I went to a gun show at the Dulles expo center in Chantilly, VA, and some of the ammo was sold out on Saturday afternoon (still had all day on Sunday). I think people are still making a run on the guns, even though the election's over. This dude disagrees: http://us.rd.yahoo.com/finance/exter...FREE&cm_ite=NA

Originally Posted by lmurky

Thanks. I put Olin on my watch list and had another idea. Since it is difficult to isolate the sporting segment of the industry from the military, why not look at the retail stores that sell the guns? I'm thinking Cabelas may still be a good buy. On 2/14, I went to a gun show at the Dulles expo center in Chantilly, VA, and some of the ammo was sold out on Saturday afternoon (still had all day on Sunday). I think people are still making a run on the guns, even though the election's over. This dude disagrees: http://us.rd.yahoo.com/finance/exter...FREE&cm_ite=NA

If HR 45 gets out of the subcommittee, there will be another run on guns and ammo!