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Gun Industry Not Slowing Down in Face of Ban Proposal

Posted By admin On January 17, 2013 @ 5:51 am In Money Watch | Comments Disabled

CNN [1]
Jan 17, 2013

Gun stocks rose Wednesday, even as President Obama called on Congress to pass an assault weapon ban.

The stock prices for Smith & Wesson Holding Co. and Sturm, Ruger & Co. rose about 4%. The stock for Sturm, Ruger has risen 13% in the month since the shooting at a Newtown, Conn., elementary school that left 20 children and six educators dead.

Retailers that specialize in guns have also done well. The stock price for Cabela’s surged 6% on Wednesday and has gained 20% over the last month. Dick’s Sporting Goods notched up slightly, and has gained 6% over the month.

Obama issued the call for the assault ban as part of a broad response to the Newtown shooting.

Full article here [1]

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URLs in this post:

[1] CNN: http://fox2now.com/2013/01/16/gun-industry-not-slowing-down-in-face-of-ban-proposal/

[2] Gun Maker’s Stock Soars More Than 700% Since Obama’s Inauguration in 2009: http://www.prisonplanet.com/gun-makers-stock-soars-more-than-700-since-obamas-inauguration-in-2009.html

[3] US guns sales soar after Barack Obama’s re-election: http://www.prisonplanet.com/us-guns-sales-soar-after-barack-obamas-re-election.html

[4] NRA says it has support in Congress to block ban on assault weapons: http://www.prisonplanet.com/nra-says-it-has-support-in-congress-to-block-ban-on-assault-weapons.html

[5] Obama Admin. Credited with Gun Industry Boom: http://www.prisonplanet.com/obama-admin-credited-with-gun-industry-boom.html

[6] Backlog on Gun Orders Hits 2 Million: http://www.prisonplanet.com/backlog-on-gun-orders-hits-2-million.html

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