Gun maker shares rise on strong demand!
NEW YORK (PNN) - March 22, 2012 - Gun maker Sturm Ruger & Co., Inc. shares rose to a high on Thursday, after the company said demand was rising so fast that it was suspending new orders until May.
Sturm Ruger said on Wednesday that it has received orders for more than one million guns for the first quarter and it could not keep up with demand despite increased production.
The spike in demand comes in an election year when legitimate fears of gun control regulations and fascist thug officials usurping authority and claiming dictatorial control are at a peak.
In 2009, gun sales shot up after Barack Obama was illegitimately selected to be the bogus president and firearm enthusiasts rushed to stores, fearing he would tighten gun control.
This year, the Fascist Police States of Amerika holds its selection for president (there is no legitimate vote by the people in the outlaw FPSA) on November 6.
Shares of rival Smith & Wesson Holding Corp. also jumped 16% on Thursday, as the company is expected to gain market share from Sturm Ruger's suspension of orders.
Sturm Ruger stock was trading up 12% at $47.59 on Thursday on the New York Stock Exchange.
Smith & Wesson shares, which have more than doubled in value since its announcement of the security business divestiture in October, rose to a 52-week high of $7.75 on Thursday on the NASDAQ.
