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Smith & Wesson Holding Corp (SWHC) Hits All Time High Thanks To Record Gun Demand

Friday, March 11, 2016 13:40

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(Before It's News)

Tyler Durden: Two months ago we presented what we thought was a “very troubling”chart, one showing the latest data on FBI background checks, a proxy for gun purchases. The chart had just hit an all time high.

Since then, the progression has escalated and gun sales have continued to soar as the following update showing gun sales for the month of February over the past decade:

However, as we also noted, what was most troubling about the charts above is that the one single biggest catalyst for soaring gun sales across the U.S. is a simple one, as shown the following chart courtesy of the NYT:

The chart shows that while the soaring gun sales are the effect, the cause is simple: president Obama.

As we said two months ago, “the concern is that with one more year under Obama’s term, gun sales over the next 12 months are certain to surge to new all time highs as Obama’s crusade to crush the second amendment slowly picks up steam in order to cement his “anti-gun” legacy, and as the population rushes to buy as many as it can before Obama makes such purchases illegal.”

We were right, and we were also right when we said that “It’s not all bad news though: gun makers could not have asked for a better president”

Moments ago we got proof of just that when Smith and Wesson reported third quarter financial results. They not only smashed estimates…