4th largest gun maker is out of guns

Sturm, Ruger — the 4th largest gun-maker in the US — has temporarily suspended the acceptance of new orders after receiving orders for over one million units in Q1. (H/t ZeroHedge)

Here’s the announcement on Sturm, Ruger & Co’s website:

CORPORATE NEWS

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.

Gun sales have gone up after Obama entered the White House, but I wonder if Sturm, Ruger’s running out of guns has anything to do with the DHS’s purchases?

There is also an unconfirmed rumor that the U.S. government is buying out all the 5.56 military surplus ammo and is telling ammo dealers to stop selling to their vendors and civilians. (H/t beloved KhetaAmenti)

~Eowyn

5 responses to “4th largest gun maker is out of guns

  1. Very interesting….

  2. That’d be for the Mini-14s to fire the bazillion .223 Remington rounds DHS bought.

  3. …Uncle Sugar’s buyin’ up all of the 40cal ammo,too…..
    anyone else smell a rat ?

  4. There is also an unconfirmed rumor that the U.S. government is buying out all the 5.56 military surplus ammo and is telling ammo dealers to stop selling to their vendors and civilians.

    If true, on what authority are they doing this?

    -Dave

  5. not only very interesting but very disturbing also… not only do i smell a rat but many rats who do not want to leave office and will foster civil unrest to keep themselves in power. amazing that this story hasn’t been aired on any of the so called media stations but if the republicans were doing this i bet it would be..

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