Stock plunges for Vista Outdoor on slumping gun sales
Source: CNN Money
Vista Outdoor of Farmington, Utah, owns dozens of brands including AR-15 maker Savage Arms and the ammo makers CCI, Blazer, Estate Cartridge, American Eagle and Federal Premium Ammunition. The company also owns non-gun brands favored by outdoor enthusiasts, like CamelBak, and various scope companies including Bushnell.
The slumping sales with Vista Outdoor mirrors a problem that has plagued the gun industry just in the last few months since the election of President Trump.
The gun industry had been riding high for years on the fear by gun owners that President Obama was going to implement more rigorous gun control laws and Hillary Clinton would win the White House and bring in her own gun control policy.
The irony is that the Republican candidate endorsed by the National Rifle Association won the election, and then the fear was gone, and gun sales dropped.
Read more: http://money.cnn.com/2017/02/09/investing/vista-outdoor/index.html
Couldn't happen to any nicer guys.
Yavin4
(35,441 posts)Sales can rise or fall based on complete bullshit. This is why subjecting the commons to the whims of the market is so misplaced.
Cary
(11,746 posts)Authoritarians
Hassin Bin Sober
(26,330 posts)It's a movement grown out of the "film the police" movement, made stronger by police pushback.
Erosions of 4th and 5th Amendment rights has been an big issue for me for 30 years.
Some of these "auditors" are lefties like Carlos Miller and Photography is Not a Crime (I think he is/was a duer). A lot of these guys are right wingers. I can agree with them that cops need to be filmed whenever possible.
But then I started noticing bullshit like "this is Obama's America." Seriously? Wtf? As if 30 years of right wing drug war and asset forfeiture wasn't born from their hero Reagan.
Annnnnd......Like fucking clock work, a lot of these guys are revealing their pro police side now that Drumpf was elected.
Cary
(11,746 posts)They are emboldened.
bullwinkle428
(20,629 posts)the paranoia up to 11!
I love the smell of irony in the morning!
TexasBushwhacker
(20,197 posts)JustABozoOnThisBus
(23,350 posts)... in 2018 and 2020
safeinOhio
(32,688 posts)LanternWaste
(37,748 posts)NRA will need to find a new Jade Helm to better dupe its congregation into offering tithes to the firearm industry.
BeyondGeography
(39,374 posts)vkkv
(3,384 posts)Hoyt
(54,770 posts)to the gun stores/shows.
jpak
(41,758 posts)vkkv
(3,384 posts)Blue Idaho
(5,049 posts)It would be a classic example of unintended consequences.
jayschool2013
(2,312 posts)Dystopian novels are flying off the shelves.
SansACause
(520 posts)They bought dozens of guns (mostly AR-15s) and thousands of rounds of ammo, then sat back and waited for the gun grab that never came.
Wounded Bear
(58,666 posts)BumRushDaShow
(129,087 posts)I expect a whole bunch of these weapons will appear on underground Craig's List/ebay-type sites.
hack89
(39,171 posts)RW paranoia can make gun ownership expensive.
vkkv
(3,384 posts)At least for my WW1 technology rifles..
NickB79
(19,253 posts)Just picked up 500 rounds for $40, which would have been unheard of two years ago.
Berlin Vet
(95 posts)Haven't seen any at Wal Mart in months. Soon as it comes in, it's gone. People are still hoarding.
ManiacJoe
(10,136 posts)is the military contracts taking up most of the manufacturing capacities.
50 Shades Of Blue
(10,009 posts)Cryptoad
(8,254 posts)is going to bring Obama Back to get those gun and ammo sales up again.
discntnt_irny_srcsm
(18,479 posts)...sounds like a good time to start buying...
...the stock; buy low, sell high.
Hoyt
(54,770 posts)discntnt_irny_srcsm
(18,479 posts)That is, after all, the reason we have businesses, making money.
Isn't thinking otherwise kind of intellectually dishonest?
Hoyt
(54,770 posts)That is exactly what the gun industry does.
hack89
(39,171 posts)Are you saying they are not also responsible for the vibrant and large AA gun culture?
discntnt_irny_srcsm
(18,479 posts)geek tragedy
(68,868 posts)madokie
(51,076 posts)to hold my oxygen bottle when I'm out in the woods foraging for mushrooms or working in the yard. Replace the water bottle with the ox2 bottle, works good
Throck
(2,520 posts)Their bolt rifles are crap and most of their scopes are manufactured in China.
elmac
(4,642 posts)the used gun market is going to be flooded with all those scared of liberals gun purchases made in the last 8 years.
hack89
(39,171 posts)Turbineguy
(37,342 posts)some more.
hack89
(39,171 posts)Feinstein has made them a lot of money.
former9thward
(32,020 posts)ileus
(15,396 posts)Figure I'll load 45s & 38s first and I shouldn't have to load those for another couple years.
What it's really for is 9mm, we run through 5000 or more a year on family outtings so it should pay for itself in a matter of months.
Now to the gun slump, if anyone's been to a funshow this year you'll be able to report that there's no change in prices in handguns...period. Sure AR's have hit rock bottom, but the real money maker is still the handgun.
I have two pistols I want to buy this year. The new CZ p-10c and an LCP II.