Thanks, Obama. Gun stocks rally after prime-time address on terrorism

Discussion in 'Politics, Religion, Social Issues' started by aaronvan, Dec 8, 2015.

  1. aaronvan Suspended

    aaronvan

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    #1
    Those are some great returns. Going to keep an eye on them.
     
  2. citizenzen macrumors 65816

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    #2
    It's a pretty well established pattern at this point, where a violent attack spurs a wave of gun purchases.

    It's not nearly enough to make me buy one.

    I'll spend my money on golf instead.
     
  3. aaronvan thread starter Suspended

    aaronvan

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    #3
    Same here. However, I always have an eye out for a good growth stock.
     
  4. obeygiant macrumors 68040

    obeygiant

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    #4
    Its to late unless you already own stock. What was happening in the world during the 52 wk low?
     
  5. Praxis91 macrumors regular

    Praxis91

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    #5
    100 million guns sold since the Bamster took office, yet gun violence keeps dropping. LOL
     
  6. MacNut macrumors Core

    MacNut

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    #6
    Where on the moon?
     
  7. citizenzen macrumors 65816

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    #7
  8. jkcerda macrumors 6502

    jkcerda

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    #8
    More guns = violence dropping .
     
  9. Praxis91 macrumors regular

    Praxis91

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    #9
    Not when Russia builds a base. In Soviet Russia, moon shoot you!
     
  10. \-V-/ Suspended

    \-V-/

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    #10
    Don't bring a golf club to a gun fight.
     
  11. localoid macrumors 68020

    localoid

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    #11
    Interestingly enough, some say that drop is due to the U.S. Clean Air Act and the banning of lead...
     
  12. citizenzen macrumors 65816

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    #12
    I leave my golf clubs locked in my trunk.

    So it's highly unlikely that I'd be carrying one if a gun fight broke out.
     
  13. MacNut macrumors Core

    MacNut

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    #13
    So why are there more mass shootings by crazy people?
     
  14. jkcerda macrumors 6502

    jkcerda

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    #14
    Increase in radical morons? , wait do you have numbers showing the increase over the years?
     
  15. vrDrew, Dec 9, 2015
    Last edited: Dec 10, 2015

    vrDrew macrumors 65816

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    #15
    Are they really?

    Smith & Wesson recently closed at $21.39 per share. Precisely 1 cent higher than it did in October 2007.

    Thats right, owning Smith & Wesson stock for more than eight years (most of the Obama Presidency) has seen investors reap a massive 0.00025% annual return. And investors in Colt - another fabled US gunmaker - did even worse, since they filed for bankruptcy in June of this year.

    There are a number of fundamental problems with the firearms industry from an investment perspective. One of which is that, unlike automobiles; dishwashers; or commercial airplanes - civilian guns almost never wear out. Unlike mobile phones; computers; or big screen TV sets - the pace of technological innovation is relatively slow. Guns don't get a new operating system every few years, forcing owners to trade them in for new models.

    On this last point, strangely enough, gun makers are figuratively shooting themselves in the foot: They, along with the gun industry lobby/NRA have been fiercely opposed to the introduction of innovations such as Smart Gun technology that would prevent unauthorized use of the weapon. They claim its because they are worried about it failing; but the real reason is they don't want to be sued for liability.

    The other problem is, of course, the fact that the overall market for guns is shrinking. A smaller percentage of American households now own guns than did twenty or thirty years ago. Meaning that gun sales are concentrated in a smaller percentage of the population.

    Any rational investor looking at that situation would immediately notice the looming issue of market saturation. A case where more and more gun makers were competing for a fixed, or shrinking, pool of customers. Thats all but guaranteed to lead to lower prices; plummeting profits - and a stagnant (at best) share price.

    Of course rational thinking isn't exactly a hallmark of the gun enthusiast community, so we'll just leave it at that.
     
  16. Thomas Veil macrumors 68020

    Thomas Veil

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    #16
    But...but...what if the government sends in the military to take your golf clubs away??
     
  17. pdqgp macrumors 68020

    pdqgp

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    #17
    Look at the base of shooters. They are all mentally ill and on meds. Doctors pass out pills like they actually fix things.
     
  18. pdqgp macrumors 68020

    pdqgp

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    #18
    Smart guns are a solution for a problem that really doesn't exist.
     
  19. Apples n' Stone macrumors 6502a

    Apples n' Stone

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    #19
    There is less gun violence in the oceans, this is either as a result of these shootings OR the end the Nepoleonic wars.
     
  20. haxrnick macrumors 6502a

    haxrnick

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    #20
    Do your liberal comrades know you partake in white privilege?
     
  21. \-V-/ Suspended

    \-V-/

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    #21
    Was a joke.
     
  22. FieldingMellish Suspended

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    #22
    Re: Smart tech. The same escape from computer liability from companies like Apple the world over.

    I had Apple's mail fail on me after a recent update. If it led to loss of a project or loss of a client, I'd get no award from a jury because I, like millions of others, press the Agree button.
     
  23. Renzatic Suspended

    Renzatic

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    #23
    No, it just means people aren't getting more violent, even with more guns in more hands.
     
  24. citizenzen macrumors 65816

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    #24
    Likewise. :cool:
     
  25. mrsir2009 macrumors 604

    mrsir2009

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    #25
    Plus people have stopped hitting their kids as much, and greater entertainment options mean that many kids are inside playing on their Xboxes rather than hanging around on the streets causing trouble. It's probably due to all of these reasons.
     

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