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View Diary: Memo to NRA: You had your chance (307 comments)

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  •  All the ammo is gone... Anyone else notice? (12+ / 0-)

    Thought about doing a diary about this:

    My family and I like to shoot at a shooting range.  (Interestingly, it is the same exact shooting range mentioned in a recent op/ed by Joe Nocera in the NYT.)  We usually use .22 autos.   We do this many weekends, and is a great form of entertainment.   Anyway, since around Christmas, it has been IMPOSSIBLE to get .22 LRs.  I thought it was due to Christmas, but after about 3 weeks of no ammo, I asked the guy at the counter, and he said, sorta vaguely, that manufacturers were putting most of their capacity towards making ammo that people THINK will be 'outlawed' (that is, .223).  And, people are buying and stockpiling much of the common ammo.  Go ahead and go to your local sporting good store.  Try to find any of:  .22, .223, 9mm.  You won't find ANY of it ANYWHERE.  

    The struggle of today, is not altogether for today--it is for a vast future also. - Lincoln

    by estamm on Wed Jan 16, 2013 at 09:47:33 AM PST

    •  You know, I think Infowars.com... (4+ / 0-)

      has a conspiricy video out there that says every mass shooting was staged by the NRA so that people would start talking new regualtions and then manufacturers would sell ammo and guns like fucking crazy.

      Wait...somebody is telling me that is not what their video suggests.  I'm confused.

      The more you learn the less you know.

      by quiet in NC on Wed Jan 16, 2013 at 10:01:26 AM PST

      [ Parent ]

    •  NPR noticed (8+ / 0-)

      Guns and ammo in short supply in lots of places.  Interviewing "Bob Templeton, owner of the company called Crossroads of the West, which operates this gun show here in California, as well as others in Arizona, Nevada and Utah," At a gun show in San Francisco(!).  Demand High At San Francisco Firearms Show As Nation Mulls Gun Control

      GONZALES: Gun dealers say sales jumped just after President Obama was re-elected and they took off in the wake of the Newtown, Connecticut school shootings. Now, as the president is preparing to outline his gun control proposals, the demand is red hot.

      ROBERT TEMPLETON: Never have we seen a surge like this.

      GONZALES: That's Bob Templeton, owner of the company called Crossroads of the West, which operates this gun show here in California, as well as others in Arizona, Nevada and Utah.

      TEMPLETON: Most of the stores, most of the retail stores in most areas that we've been doing shows in have been sold out. The Wal-Marts and the Big 5 and the other sporting goods stores don't have any of the more popular rounds of ammunition on their shelves. And so people are coming out to the gun shows in order to get their ammunition.

      GONZALES: In fact, I saw people coming out of this gun show with so much ammo they needed a dolly to wheel it back to their cars. This run on guns and ammo is happening across the country. At Jefferson Gun Outlet in Metairie, Louisiana, owner Mike Mayer says buyers are mainly looking for AR-15s, the semiautomatic rifle used in the Newtown shootings.

      "Who the hell is Grover Norquist, anyway?" - George H.W. Bush

      by rsmpdx on Wed Jan 16, 2013 at 10:07:50 AM PST

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      •  Lemminglike "speculation" (12+ / 0-)

        A mad rush to stock up on items that may become prohibited, on the bizarre assumption that there will be a clandestine demand and the items can be resold at an extreme markup.

        Just plain crazy.

        If it's
        Not your body,
        Then it's
        Not your choice
        And it's
        None of your damn business!

        by TheOtherMaven on Wed Jan 16, 2013 at 10:20:55 AM PST

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        •  That suggests a bubble in (2+ / 0-)
          Recommended by:
          bontemps2012, Cassandra Waites

          AR-15 and ammo markets.  Interesting possibility!

          "Who the hell is Grover Norquist, anyway?" - George H.W. Bush

          by rsmpdx on Wed Jan 16, 2013 at 10:49:12 AM PST

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          •  The bubble formed in 2008. (4+ / 0-)

            Amazing this communal delusion has gone on for so long.

            Fifty years ago anyone who bought a hoard of guns because the "gubermint" was going to break into his house and take his guns... was put away.

            "We have done nothing to be ashamed of. We have nothing to apologize for." NRA 12/14/2012

            by bontemps2012 on Wed Jan 16, 2013 at 12:37:07 PM PST

            [ Parent ]

          •  rsmpdx - how do you short that market? (0+ / 0-)

            "let's talk about that"

            by VClib on Wed Jan 16, 2013 at 04:42:14 PM PST

            [ Parent ]

            •  Two Public gun companies - RGR and SWHC (1+ / 0-)
              Recommended by:
              VClib

              Sturm, Ruger & Co. Inc. (RGR) makes a civilian semi-auto version of the AR-15 - however the stock already has a high short interest - I would not be surprised if they have an exceptionally good quarter and the stock goes up rapidly in a short squeeze.  It has outperformed Apple over the past 5 years.

              Smith & Wesson Holding Corporation (SWHC) make various firearms.

              Shorting stocks should only be done by sophisticated investors and traders.  Making investment decisions based upon political beliefs is generally a terrible basis for investing.  

              The most important way to protect the environment is not to have more than one child.

              by nextstep on Wed Jan 16, 2013 at 06:57:51 PM PST

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              •  nextstep - thanks for the information (1+ / 0-)
                Recommended by:
                nextstep

                I certainly understand the principle that when you invest long you have unlimited upside and have capped your loss at the amount you invested and when you short it's all reversed, you have capped your gain and have the potential for unlimited losses.

                It will be fun to watch the stock prices for these two public companies.

                Do you have any idea who might buy the Freedom Group and what it might sell for? As I recall the total revenues are just under $900 million. There is a surprising amount of public financial information available even though the stock does not trade.

                "let's talk about that"

                by VClib on Wed Jan 16, 2013 at 10:06:00 PM PST

                [ Parent ]

                •  Several buyers could make sense (1+ / 0-)
                  Recommended by:
                  VClib

                  Given the political risk to the firearms business, Ruger and Smith & Wesson would be good fits as they already have this risk.  As Freedom Group already has many brands, there could be cost savings in Selling, Marketing, Administration and some parts of manufacturing.  Consolidation within the industry may allow for price increases.  Dept of Justice would likely approve the merger as they would see high prices for guns and ammunition in a more positive light than other markets.

                  Foreign gun manufactures such as Tarus from Brazil could use Freedom group to enhance US and international distribution, while moving some manufacturing to Lower cost Brazil.  Similarly for European companies FN, Barretta and Glock to expand US distribution.

                  If not for the political risk and consummer boycot risk, Jarden and Polaris.

                  The most important way to protect the environment is not to have more than one child.

                  by nextstep on Thu Jan 17, 2013 at 12:10:06 AM PST

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      •  Man, that is fucked up. (4+ / 0-)

        I ♥ President Obama and have his back.
        Hands off SocSec, Medicare and Medicaid. NO subsidies to rich Corps.
        Rich pay more, bloated DoD steal less. End war on Afghanistan 01/01/14.

        by OleHippieChick on Wed Jan 16, 2013 at 10:59:56 AM PST

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      •  rsmpdx - attendance at that SF gun show was (0+ / 0-)

        three times the previous record.

        "let's talk about that"

        by VClib on Wed Jan 16, 2013 at 04:41:39 PM PST

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    •  This may be a real run on guns and ammo... (2+ / 0-)
      Recommended by:
      Cassandra Waites, FiredUpInCA

      from the nut-grass roots this time... but it looks to me that  that most of the previous "shortages" were almost certainly staged by the arms cabal and timed to go along with the "they're coming for our guns!" moments.  (i.e. election of any Dem to the WH.)

    •  estamm - no ammo or assault weapons for sale (0+ / 0-)

      in the US. All the inventory has been purchased. Long back orders for popular sizes of ammo and assault weapons.

      "let's talk about that"

      by VClib on Wed Jan 16, 2013 at 04:40:12 PM PST

      [ Parent ]

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