Remember when we heard that people were buying up guns when Obama got elected.
Turns out Smith and Wesson is posting great losses similar to most companies which are experiencing losses through this recession. Yes, job losses have occurred at Smith and Wesson.
Shotgun sales are way down, however hand gun sales are up a bit. Could it be that the Obama fear directed people more towards handguns.
One other point, Smith and Wesson is based in Springfield, Massachusetts. Massachusetts is often placed in the same league as Vermont as a very "blue" state. This alone in my opinion challenges the notion of red versus blue state culture.
Reuters: Smith & Wesson posts loss, sees weakness in hunting
Sales of hunting rifles fell 41 percent in the quarter...
...quarterly U.S. revolver sales rose 13 percent on a year ago.
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