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."
|Printer friendly Cite/link Email Feedback|
|Publication:||Daily Record (Glasgow, Scotland)|
|Date:||Oct 4, 2017|
|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...|