Printer Friendly

Sick dividend for arms firms.

GUN lovers have sent shares in arms firms soaring as they stock up ahead of a possible tightening of gun laws.

American Outdoor Brands Corp, who own Smith and Wesson, saw their stock rise more than three per cent. Sturm Ruger & Co were up three per cent and ammunition manufacturers Vista Outdoors Inc. rose more than two per cent.

Economist Mark Zandi said: "Shares in gun manufacturers rise after shootings as investors believe there will be a rush to purchase guns before new gun control regulations are put into place."

Tomi Kilgore, of Marketwatch, said: "The regulatory environment is among the biggest drivers of demand for guns, as fears of tighter regulation have boosted gun sales and share prices in the past."

COPYRIGHT 2017 Scottish Daily Record & Sunday
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2017 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Daily Record (Glasgow, Scotland)
Date:Oct 4, 2017
Words:122
Previous Article:Heroics of wounded Jonathan.
Next Article:GET IT UP YE; GAMES COUNTDOWN TATTIE RECALLS MEDAL GLORY I'll never be in same league as Mo and Bolt but my cele put me up there with them... now I'm...
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters