At Freedom Group, makers of the Bushmaster rifle that was used in the Newtown shootings, net sales for the most recent quarter, ended September 29, were a little over $347 million, up from $238 million a year before. Net income exceeded $31 million, up from $16 million the year before. Freedom Group is not a publicly traded company. Performance figures came from financial disclosures made pursuant to the trading of its debt.
Smith & Wesson, which had been trading at around $10 a share before the shooting, plunged to a low $7.79 on December 18. But like the stocks of other gun manufacturers, it quickly recovered and has climbed since. It now stands at $12.30.
Sturm, Ruger & Co., whose shares fell briefly to $40, recently has touched $80. Its third-quarter sales of $171 million rose from $118 million a year before. Third-quarter earnings surged to $1.44 a share from 88 cents last year. The company in a statement attributes its 64 percent earnings increase to its 45 percent growth in sales.
The grave-dancers have yet to acknowledge that guns in the hands of good people are not a problem....but,they continue to ignore the fact that Adam Lanza mental health was the issue.
Identifying the gun owners and more gun bans is not the solution... understanding the scope of mental health problems in America and identifying those who have mental disorders is......