The Impact Of Anti-Gun Laws On Gun Sales
Mar. 25, 2012
Yesterday we wrote about surging gun sales and surging gun stocks.
Apparently a big part of the boom lately has been the fear/belief that Obama will get re-elected, and then as a lame duck push through a fresh batch of strict gun regulations.
Of course, there are already gun regulations that have gone through (bans on various weapons, waiting periods, background checks, etc.).
So what’s been the impact?
We’ll let the gun companies tell you that in their own words.
This is from the 10-K of gunmaker Sturm, Ruger:
Until November 30, 1998, the “Brady Law” mandated a nationwide five-day waiting period and background check prior to the purchase of a handgun. As of November 30, 1998, the National Instant Check System, which applies to both handguns and long guns, replaced the five-day waiting period. The Company believes that the “Brady Law” and the National Instant Check System have not had a significant effect on the Company’s sales of firearms, nor does it anticipate any significant impact on sales in the future.