Rob Cox: Good news for guns is bad for gunmakers

By Rob Cox
November 18, 2014

A Republican U.S. Senate puts a bullet in new federal firearms controls. Yet Colt, maker of the gun that won the West, is short of cash, Moody’s downgraded Remington and shares of Ruger and Smith & Wesson have been clobbered. The industry does better with guns in a corner.

Newtown effect yields bumper crop for gunsmiths

March 6, 2013

Smith & Wesson’s order backlog hit an all-time high following the Connecticut school shooting. Sales projections were raised again. The prospect of tighter gun restrictions - however remote politically - has buyers in a panic. The NRA has earned its keep for another quarter.

Gunsmith finds cold shoulders on Wall Street

April 17, 2013

Financiers typically turn away fees as willingly as dogs give up steaks. But major banks are leery of financing bids for Freedom Group for fear of damaging their reputations. Making assault rifles has joined pornography on the list of activities with risks that money can’t hide.

Fading reform hopes take gun shares with them

December 11, 2013

As the chances of new firearms legislation dissipate a year after the Sandy Hook school shooting, so too should the anxieties that propelled gun sales and the stocks of Smith & Wesson and Sturm, Ruger. Short sellers already have their sights set on a downturn.

Bursting U.S. gun bubble begins to take victims

February 26, 2014

Fear of legislation following the Connecticut shooting drove demand for guns to absurd heights. It’s increasingly clear laws won’t be tightened. Sturm Ruger is the first to admit the emotion that fired up the bottom line has run its course. The reckoning will be painful.