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.”
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