Gun sales
After record gun sales during the Obama administration, it stands to reason that the rush to buy would subside. Now, they have and now the false cries from the left that the gun biz is in serious financial trouble. It’s not. The Chicago Tribune didn’t get the memo describing that narrative:
The most wanted gun in America is what The New York Times dubbed the AR-15-style semiautomatic in February 2013. Even though assault weapons guns originally designed for combat use and rapid fire constitute only about 1 percent of all 300 million firearms in America, lately theyve been flying off the shelves. Demand has outpaced production.
And, of course, Colt is not in trouble for making bad products or civilian sales being down. It’s due to poor management.
June 18th, 2015 at 7:19 am
Huffpo’s grasp of the gun business makes it very clear why the economic collapse of 2008 came as a surprise to a lot of people.
A bubble is not normal. You can’t have bubble growth indefinitely. Coming down from a bubble is not necessarily a financial disaster. These people can’t see the bubble for the trees, and that’s what caused them to buy into the housing boom, that when popped, wiped out all that money back in 2008.
June 21st, 2015 at 10:42 am
Besides the financial irregularities, it doesn’t help Colt that they only make three firearms, two of which are of designs that are over a century old, and the third is in the most saturated and competitive part of the firearms market.