Given the increasingly uncertain political and economic climate, it’s no big surprise that people are continuing to buy guns in record numbers. However, at this stage it’s surpassed just an issue of being record numbers. We’d say guns are selling like hotcakes, but there might not be market data showing that hotcakes sell this fast.
24/7 Wall Street, an investment website, has news on the incredible, practically vertical rise of gun stocks over the past few years:
Records were set in annual units produced by Smith & Wesson and on annual cash generated. S&W said that these results are driven by strong sales of M&P polymer pistols and M&P modern sporting rifles.
The S&W earnings report is full of more “record-setting events” by the g
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