https://finance.yahoo.com/news/g ... 2015-202338996.html
On Wednesday, the San Bernardino shooting added to an already tragic lineup of gun violence this year that includes Charleston, South Carolina and Colorado Springs, Colorado, where just this week, a gunman killed three people at a Planned Parenthood Clinic. [size=11.5384635925293px]
As details of the latest tragedy continued to unfold, the market sell-off on Wednesday steepened amidst uncertainty about the motive in the San Bernardino shooting. But one stock that continued to rise through much of Thursday and throughout gun-related violence headlines this year? Gunmaker Smith & Wesson (SWHC)—which clocked in over $500 million in sales last year—up 93% since January. The company, which is a leading manufacturer of pistols, revolvers, tactical rifles, and black powder firearms, as well as hunting rifles, said in its latest conference call that strong sales are the result of increasing demand. Since 1980, the number of guns in possession in the United States has essentially doubled to 350 million, according to the Bureau of Alcohol, Tobacco, Firearms and Explosives. Wedbush Securities estimates that wholesale sales of handguns and long guns (which includes shotguns and rifles) totaled about $4 billion in 2014, based on data released by the Department of Treasury on the collection of the Firearms and Ammunition Excise Tax. This marks a CAGR of 12% from 2005 to 2014, mostly driven by handgun sales, which comprise more than 70% of Smith & Wesson’s business.
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发表于 2015-12-4 16:44
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