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Friday, March 29, 2024

Looks Like a Bull Market in Guns…

Submitted by Mark Hanna

Courtesy of MarketMontage. View original post here.

This was actually a theme of mine a few years ago with mixed results.  But for whatever reason the demand for guns is soaring to the point some manufacturers cannot keep up with demand.  I am trying to wrap my mind around the reasoning for this…

Shares of Sturm, Ruger & Co. jumped about 10% early Thursday, the morning after the firearms manufacturer stopped taking new orders due to overwhelming demand. In the first quarter of 2012, Ruger said that it has gotten orders for more than one million units. And despite “efforts to increase production rates, the incoming order rate exceeds our capacity to rapidly fulfill these orders.” The company said that it expects to “resume the normal acceptance of orders by the end of May.”

 

Disclosure Notice

Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog

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