Smith and Wesson Turns Massive, Record Profits in Last 12 Months During Gun Control Debate
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According to a CNN Money article, gun maker Smith and Wesson has turned massive profits over the last 12 months in the lead up to the 2012 presidential election and following the gun control debate which really heated up in December.
According to the article, The gun maker reported preliminary results Thursday showing that sales for the fiscal year ended April 30 hit a record $588 million, a 43% increase versus the year prior. Earnings were a record $1.22 a share, up from 40 cents a share in the prior fiscal year.
In the most recent quarter S&W showed a 38% increase in sales from the same time last year…and that quarter last year was ALSO an all time record.
Anti gun politicians make keep saying that the bulk of the American people want more gun control, and yet gun sales over the last 4 years keep crushing the previous year’s sales records on a year to year basis.
In the interest of full disclosure, the author of this article owns stock in Smith and Wesson.