Monday, September 17, 2012

Gun Sellers Love Obama

Gun sellers are getting ready for the onslaught of  buyers who are stupid enough to think Obama's going to take away their guns. You'd think people get smarter, but they only become more blinded by their prejudices:
"If Mitt Romney is elected and there's no perceived threat on the freedom to own guns, people might decide to spend disposable income on things like outerwear instead," said Joe Arterburn, a Cabela's spokesman. 
Even though there haven't been any substantial changes to gun-control laws under Mr. Obama, Cabela's, Bass Pro Shops, Smith & Wesson Holding Corp. SWHC +1.85% and Olin Corp., OLN -0.95% the maker of Winchester bullets, are anticipating another bump in sales this winter if President Obama is re-elected.

Smith & Wesson raised its full-year sales forecast last week to $530 million to $540 million, up from its previous estimates of $485 million and $505 million, citing strong consumer demand that led to a 30% jump in the number of firearms sold in the first quarter of 2013 more at WSJ