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OneCrazyDiamond

(2,068 posts) Fri Jun 20, 2014, 10:11 AM Jun 2014

Smith & Wesson: Americans are buying fewer guns [View all]

Source: CNN

Smith & Wesson posted disappointing earnings and a weak forecast for one simple reason: Americans are buying fewer guns.

Shares of the gunmaker plunged 12% in premarket trading Friday as it dawned on investors that the once high-flying gun industry is coming down to Earth.

shares dropped more than 12% before the bell

The gun industry has experienced an intense run-up in demand over the last couple years, fueled by concerns of more rigorous gun restrictions in the wake of President Obama's reelection and a series of mass shootings including the Sandy Hook massacre in Newtown, Conn.

Read more: http://money.cnn.com/2014/06/20/news/companies/smith-wesson-earnings/

69 replies

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Smith & Wesson: Americans are buying fewer guns [View all] OneCrazyDiamond Jun 2014 OP

Possibly because their key market keeps killing itself... Jeff In Milwaukee Jun 2014 #1

If only their key market didn't take so many innocents along with them. nt valerief Jun 2014 #4

Would that be too much to ask? Jeff In Milwaukee Jun 2014 #6

No kidding. Arugula Latte Jun 2014 #59

Math not your strong suit? nt hack89 Jun 2014 #47

Let's go with that... Jeff In Milwaukee Jun 2014 #62

You seem to think their key market is diminishing hack89 Jun 2014 #63

Here's the problem Jeff In Milwaukee Jun 2014 #65

Lets look at the individual rates. hack89 Jun 2014 #66

I'm sure that a parent.... Jeff In Milwaukee Jun 2014 #67

Which has has nothing to do with your original point. hack89 Jun 2014 #68

"Think of it as evolution in action." truebluegreen Jun 2014 #52

+1 Pakhet Jun 2014 #57

I wonder if this means the gun manufacturers will, paradoxically, tell the NRA to dial Aristus Jun 2014 #2

S&W reports a significant increase in handgun sales hack89 Jun 2014 #18

Uh-oh. Another national disaster is looming. That'll pick up gun sales. nt valerief Jun 2014 #3

As long as Diane Feinstein keeps quiet hack89 Jun 2014 #16

Or another shooting spree sakabatou Jun 2014 #46

Unlike most products guns pretty much last forever. former9thward Jun 2014 #5

My cousin hunts with a 100-year-old rifle Jeff In Milwaukee Jun 2014 #7

I have a 1889 Savage .303 that works great. AtheistCrusader Jun 2014 #21

Let's see...Cost per pound on that venison would be.... Jeff In Milwaukee Jun 2014 #29

Plus 130 bucks for the tag... AtheistCrusader Jun 2014 #30

Don't forget the beer (nt) Jeff In Milwaukee Jun 2014 #31

0$ for me. AtheistCrusader Jun 2014 #37

Our camp is reasonably dry... Jeff In Milwaukee Jun 2014 #39

Not sure I buy the saturation argument. Wasn't the market pretty saturated 20 years ago too? MillennialDem Jun 2014 #53

Well, yes there are always new generations coming up. former9thward Jun 2014 #54

There are more millennials than baby boomers. In fact we will make up a MillennialDem Jun 2014 #56

It wasn't "saturation" so much as it just is a wave losing its steam Cosmocat Jun 2014 #55

Not if the old guns are no longer "fashionable" NickB79 Jun 2014 #64

careful laundry_queen Jun 2014 #69

They can now release the new models so the gun hoarders have to upgrade. Sunlei Jun 2014 #8

You can't buy a gun online, never could. former9thward Jun 2014 #10

walmart does everything these days! Sunlei Jun 2014 #17

Except for Curio & Relic license holders who can indeed get older guns thru the mail/online...n/t EX500rider Jun 2014 #38

which is a type of FFL Duckhunter935 Jun 2014 #51

I thought a lot of these gun companies NewJeffCT Jun 2014 #9

Besides saturation. ChazInAz Jun 2014 #11

NRA! Time to get busy ginning up more fear! Erich Bloodaxe BSN Jun 2014 #12

Wayne will give DiFi a call and all will be good. nt hack89 Jun 2014 #14

so you're using DU to bash Dianne Feinstein from the right? CreekDog Jun 2014 #32

No - just pointing out what drives gun sales hack89 Jun 2014 #33

Dianne Feinstein is nowhere in that article CreekDog Jun 2014 #34

"But Obama failed to get a bill through Congress that would have placed restrictions on these guns" hack89 Jun 2014 #36

There are only so many TeaBags with only so much money n/t broadcaster75201 Jun 2014 #13

"S&W reported a hefty increase in handgun sales" hack89 Jun 2014 #15

That may be due to the fact that everybody who ever considered that he might want ... spin Jun 2014 #19

It was a great marketing strategy by the gun manufacturers, via the NRA PeoViejo Jun 2014 #40

Yup. It worked so well the market dried up. (n/t) spin Jun 2014 #43

yea warrior1 Jun 2014 #20

That's because S&W is garbage. AtheistCrusader Jun 2014 #22

Sig Saur opinion? PatrynXX Jun 2014 #24

No experience with them, so I can't say. AtheistCrusader Jun 2014 #25

My model 629 would beg to differ. nt Llewlladdwr Jun 2014 #60

also could be that all the slowly disappating gun owners PatrynXX Jun 2014 #23

this right here frylock Jun 2014 #27

Did you actually read the OP? The part that talked about 30% jump in handgun sales? hack89 Jun 2014 #35

Proof of evolution. Intelligence comes with progress. onehandle Jun 2014 #26

Considering you didn't fully read the OP's links hack89 Jun 2014 #41

He'll come around if Apple produces a gun. nt Union Scribe Jun 2014 #44

Need another "gun ban" media push to drive sales back up pediatricmedic Jun 2014 #28

Gun sales may have hit saturation, but do not overlook ammunition sales SkatmanRoth Jun 2014 #42

Stop. Stop. Your plight will make us all cry. (nt) Paladin Jun 2014 #45

I hear sweetapogee Jun 2014 #48

I Have a 1950s S&W Snubnose Wolf Frankula Jun 2014 #49

Maybe the price on the C.O.R.E. will come down ileus Jun 2014 #50

They've squeezed all the mileage they could out of their Blue_Tires Jun 2014 #58

At work I saw a new 25 shot semi-auto shot gun Omaha Steve Jun 2014 #61