SOUNDS OF EVOLUTION


Thursday, February 26, 2009

Fear of Obama drives gun stocks higher

Rising concerns over increased regulation from the Obama White House have gun buffs stocking up. This is boosting the fortunes of gun makes Smith & Wesson and Ruger.Ruger reported Tuesday that gun sales increased 81% in the 4th quarter on new products and "robust firearms demand." Its order backlog now stands at $48 million.

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