Everyone's getting on the bandwagon.
Monday, March 26, 2012 Filed in: General gun stuff, Shooting industry
Last Thursday came the news that Ruger was forced to suspend orders because they were swamped. According to them, in the first quarter of this year (which has ended yet, mind you) they've received orders for over one million firearms. Think about that: one company, in less than three months, pre-sold one million guns.
That's huge. So huge, in fact, that Ruger can't ramp up production fast enough to meet demand, so they're suspending new orders until May. (I feel their pain, or perhaps now they feel mine!)
There's no single explanation for their sudden fortune, other than perhaps uncertainty: economic (we're still in a recession, no matter what the Beltway Boys say); political (it's an election year, and the current resident of 1600 Pennsylvania Avenue isn't terribly popular with gun owners); and there may be a few people in there who actually believe the Mayan calendar nonsense (in retrospect, I should have written a book on "how to survive the end of the world with your revolver". Bet that would have sold even better than my terrific book!)
As one might expect, Ruger stock was way up on this news (13% on Thursday alone.)
I expect retail prices of Ruger guns to go up as supplies get tight. I'm also hearing rumblings about the beginnings of another ammunition run, so if you plan to take any classes this year (from me or anyone else) now might be a good time to get the ammo you're going to need.
-=[ Grant ]=-