22Gun co. stocks drop, but sales are high


Uploaded by wwlp on 19.12.2012

Transcript:
STUDY OF VIOLENT VIDEO GAMES.
IT'S BEEN A TURBULENT WEEK FOR
THOSE IN NEWTOWN AND THE REST OF
THE NATION.... AND IT'S ALSO
BEEN A TURBULENT WEEK FOR GUN
STOCKS.
22NEWS REPORTER SHANNON HALLIGAN
EXPLAINS THE RECENT BUST TO BOOM
FOR PUBLICLY TRADED GUN
COMPANIES.
STOCKS OF SPRINGFIELD BASED
SMITH AND WESSON FELL 15 PERCENT
FROM FRIDAY TO TUESDAY. TODAY,
THEY WERE BACK UP.
THE SHOOTING AT SANDY HOOK
ELEMENTARY SCHOOL SPARKED THE
LATEST CONVERSATION ABOUT GUN
CONTROL. AFTER 20 CHILDREN AND 6
OTHERS WERE SHOT TO DEATH AT THE
SCHOOL, STOCKS WERE DOWN EVEN
THOUGH SALES WERE UP. TODAY
STOCKS ROSE WHEN OBAMA ANNOUNCED
THE NEW TASK FORCE FOCUSING ON
WAYS TO REDUCE GUN VIOLENCE.
THIS HAS GUN ENTHUSIASTS
SCRAMBLING TO TRY AND SNATCH UP
CERTAIN TYPES OF RIFLES IN THE
EVENT THEY ARE BANNED. WHILE THE
INTIAL DROP WAS A REFLECTION OF
THE SENTIMENT AGAINST GUNS...
THE RISE IN DEMAND IS
OVERSHADOWING THAT.
1:03:33 THE STOCK PRICE IS GOING
TO BE BUFFETED BETWEEN THE
LONGTERM EFFECT OF THESE GUN
CONTROL LAWS THAT MIGHT BE
PASSED AND THE SHORT TERM EFFECT
OF RISING SALES AND PROFITS AS A
RESULT OF PEOPLE TRYING TO GET
AHEAD OF THE BAN.
IT'S IMPORTANT TO NOTE, THE GUN
USED AT SANDY HOOK WAS A
BUSHMASTER AR-15 RIFLE THAT WAS
MADE BY GUN MANUFACTURER FREEDOM
GROUP WHICH IS PART OF A PRIVATE
EQUITY FIRM. IT'S LIKELY THESE
GUN SALES WILL CONTINUE TO
INCREASE AS MORE REGULATIONS ARE