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Joined: Apr 2003
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Campfire Tracker
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OP
Campfire Tracker
Joined: Apr 2003
Posts: 6,849 Likes: 1 |
Sturm-Ruger stock is up 10% today. In the last 3 or 4 months, it's gone from 6"ish" to almost 10. I think this is a very positive sign for those of us who like guns and hunting. It's an indication that perhaps the gun market is not as "dead" as we thought. All the complaints about marketing techniques notwithstanding, healthy gun manufacturers are good for us! Thoughts?
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Joined: Apr 2006
Posts: 4,107
Campfire Tracker
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Campfire Tracker
Joined: Apr 2006
Posts: 4,107 |
They got new President over Ruger, hope it works out, but stock thing "usually" vote of confidence, as he come from marketing oriented business. His announcement sounded a bit like some changes for Ruger, of course, with the required lip service to continue as Bill, Sr. did with his genius.
Time will tell I guess.
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Joined: Jul 2006
Posts: 1,375
Campfire Regular
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Campfire Regular
Joined: Jul 2006
Posts: 1,375 |
I'm happy when any gunmaker is showing stability...after S&W got bent over the rail by Evil Interests, and Winchester closing, it looked increasingly bad..this is good news! What is Colt doing?
Al
"Anyone who willfully and maliciously attacks another without sufficient cause deserves no consideration" - Col. Jeff Cooper
Sic vis pacem, para bellum
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Joined: May 2004
Posts: 2,811
Campfire Regular
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Campfire Regular
Joined: May 2004
Posts: 2,811 |
On the face of it, it's a positive thing for sure--if you're a shooter.
m
muddy
"A good judge applies the law as it is, not as she wants it to be", Justice Sandra Day O'Connor.
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Joined: Mar 2002
Posts: 596
Campfire Regular
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Campfire Regular
Joined: Mar 2002
Posts: 596 |
You need to remember that Ruger is not just guns, they make several different product lines(ie; golf clubs) for different companies.
Walk softly and carry a big bore!
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Joined: Feb 2001
Posts: 560
Campfire Regular
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Campfire Regular
Joined: Feb 2001
Posts: 560 |
They do (or perhaps did) cast club heads for some of the well-known brands, but that is a relatively small piece of the pie. On a lark I bought some a few years back and have generally not done very well with it. It has been fun and informative reading the stuff they send out. Anyway, casting parts for other companies is a pretty small part of the business. Their profits rise and fall with gun sales.
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Joined: Dec 2005
Posts: 40,179
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2005
Posts: 40,179 |
With winchester and colt, out of the way, they better be making some profit. They should be banking some of it too, in case the dems are voted back in.
Son of a liberal: " What did you do in the War On Terror, Daddy?"
Liberal father: " I fought the Americans, along with all the other liberals."
MOLON LABE
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Joined: Feb 2006
Posts: 30
Campfire Greenhorn
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Campfire Greenhorn
Joined: Feb 2006
Posts: 30 |
Ruger is no doubt the most profitable domestic gun company. Helluva good product with a reasonable price. No magic there. I love my Rugers. Go Ruger.
Last edited by arkhillbilly; 11/05/06.
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Joined: Jan 2004
Posts: 10,915
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2004
Posts: 10,915 |
I am glad to hear they are doing well!! Lord know's we don't need any more bad news right now in the firearms industry!!
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Joined: Apr 2003
Posts: 119
Campfire Member
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Campfire Member
Joined: Apr 2003
Posts: 119 |
Last I looked Ruger had *no* long-term debt, and I read somewhere that they are the 2nd largest firearms manufacturer (by volume sold) in the US, where remington is 1st.
I am delighted to see them doing well.
tq
No arsenal, or no weapon in the arsenals of the world, is so formidable as the will and moral courage of free men and women. - Ronald Reagan
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Joined: Jan 2005
Posts: 57,494
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2005
Posts: 57,494 |
Hope this new president isn't a cave in to the anti gunners like Bill was. I sold almost all my Rugers due to his antics(though I just can't live without the Mk2, 10-22 and the horrible desire for one #1).
Caving in, IMHO, strictly due to profit, is no true friend to the 2nd amendment or those of us out here.
Glad to hear they are doing well though.
Jeff
We can keep Larry Root and all his idiotic blabber and user names on here, but we can't get Ralph back..... Whiskey Tango Foxtrot, over....
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