Date: Monday, March 26, 2012, 7:18 AM
Fourth Largest Gun Maker In US Is Out Of Guns Submitted by Tyler Durden on 03/23/2012 |
In a somewhat sad and shocking slap of reality to the face of our 'recovery' and 'freedom-based-debt-holdings', today's press-release-of-the-day (since we still haven't heard from BATS) goes to Sturm, Ruger (the 4th largest gun-maker in the US), who after receiving orders for over one million units in Q1, has temporarily suspended the acceptance of new orders.
Forget PCLN, CRM, NFLX, here's where the real action is!
RGR is up a whopping 571% from Nov 07 while the S&P 500 is down 3%...
Sturm, Ruger & Company, Inc. Reports Strong First Quarter Bookings
March 21, 2012
Sturm, Ruger & Company, Inc. (NYSE: RGR), announced today that for the first quarter 2012, the Company has received orders for more than one million units. Therefore, the Company has temporarily suspended the acceptance of new orders.
Chief Executive Officer Michael O. Fifer made the following comments:
The Company's Retailer Programs that were offered from January 1, 2012 through February 29, 2012 were very successful and generated significant orders from retailers to independent wholesale distributors for Ruger firearms.
Year-to-date, the independent wholesale distributors placed orders with the Company for more than one million Ruger firearms.
Despite the Company's continuing successful efforts to increase production rates, the incoming order rate exceeds our capacity to rapidly fulfill these orders. Consequently, the Company has temporarily suspended the acceptance of new orders.
The Company expects to resume the normal acceptance of orders by the end of May 2012.
The Company will announce its results and file its Quarterly Report on Form 10-Q for the first quarter of 2012 on Tuesday, May 1, 2012, after the close of the stock market.
Why Did The DHS Just Order 450 Million Rounds Of .40 Caliber Ammunition?
Posted on Sunday, March 18, 2012
The Intel Hub alerts us to a shocking new defense contract entered by the Department of Homeland Security to secure a massive amount of ammunition, with the option for infinite supply, infinite delivery.
ATK Awarded Contract to Supply 450 Million Rounds of .40 Caliber Ammunition to the Department of Homeland Security. ATK has secured a major Indefinite Delivery/Indefinite Quantity deal to supply up to 450 million rounds of .40 caliber ammunition to the Department of Homeland Security.
The 1 year contract with four option years comes at a time when many Americans believe that DHS, along with certain aspects of the military, will soon turn their sights on the American people during some sort of martial law scenario.
"We are proud to extend our track record as the prime supplier of .40 caliber duty ammunition for DHS, ICE," said Ron Johnson, the president of ATK's Security and Sporting group," reported a PR Newswire release.
The Department of Homeland Security has been extremely busy in the last few months.
