Good Time For Ruger In Gun Country
Forbes, Thursday, October 18, 2012 8 AM
Now's a good time to invest in gun maker Ruger, which is doing really well right now. Gun ownership is at a near 20-year high, generating $4 billion in commercial gun and ammunition sales. Because of the shootings in Aurora, Colo., and Oak Creek, Wis., and elsewhere, and fears about President Obama’s position on gun control, “the country is arming itself,” says CL King analyst Jim Barrett. With an estimated 300 million guns, America is, by far, the most heavily armed nation in the world.
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