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Shares of Sturm Ruger & Co. (RGR: 46.52, -1.41, -2.94%) soared as much as 9% on Thursday after the gun maker said first-quarter orders were so strong the company is temporarily suspending new orders.
The Southport, Conn., company said it received orders for more than one million units in the first three months of 2012. The shares were up $3.29, or 7.8%, at $45.59 in Thursday trading. CEO Michael O. Fifer said in a statement late Wednesday that retailer programs initiated by the company were successful in attracting orders from larger gun retailers and independent wholesale distributors. “Despite the company's continuing successful efforts to increase production rates, the incoming order rate exceeds our capacity to rapidly fulfill these orders. Consequently, the company has temporarily suspended the acceptance of new orders,” Fifer said in the statement. Sturm Ruger hopes to be accepting orders again by the end of May, the company said. Read more: http://www.foxbusiness.com/industrie...#ixzz1pwxc7dGW
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#2
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Hope it can be taken as a positive sign that people are fed up and taking matters in their own hands.
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Most people are so deeply ignorant that they are incapable of understanding just how ignorant they are.® |
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#3
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Smith & Wesson stocks were way up about 2 weeks ago.
Ruger makes a good double-action revolver, the Ruger Redhawk, and excellent single-action revolvers. Other than that, with the exception of the Mini-14, and the 10/22 not a fan. However even in Whites attempt to arm themselves the vultures are making profits. It is all about the Almighty $ the one true god of America.
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More people are angry today about what their government is doing to America than at any time since the Second World War. As time passes their numbers and their anger will grow. That is inevitable, because the policies of the controlled media and the government are making America an unlivable place. |
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#4
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Mungo Saw What You Did There ![]() |
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#5
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How does the single action stand up to Magnum rounds? . |
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#6
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Just fine, because I also have a Super Blackhawk in .44 mag.
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Mungo Saw What You Did There ![]() |
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#7
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