in Right Edition

Gun Manufacturers Huge Sales – Minimum Wage

Gun Manufacturers Huge Sales – Minimum Wage

Sturm Ruger Stops Orders, Stocks Surge

You want a new Ruger for personal protection? Too bad, so does everyone else. Sturm Ruger & Co. has announced that it has suspended new orders of its guns. This is due to the fact Ruger has a back order of 1 million guns. Also, Sturm Ruger stock is soaring. It is up 115% from last year, and year-to-date firearms sales in 2012 have already beaten 2011 sales.
Smith & Wesson said on Tuesday it expects to earn 28 to 30 cents per share in the third quarter. Analysts on average were expecting 27 cents, according to Thomson Reuters I/B/E/S.
Income from continuing operations rose to $17.1 million, or 28 cents per share, for the second quarter ended October 31 from $16.4 million, or 24 cents per share, a year earlier.
Revenue rose 2 percent to $139.3 million.
Sales of handguns, including the M&P pistols, rose 27.4 percent.
Analysts on average had expected a profit of 21 cents per share on revenue of $137.5 million

Minimum wage Hike

The Congressional Budget Office’s report on the effects of a higher minimum wage has caused gnashing of teeth on the left. It was bad enough when the CBO said the Affordable Care Act would reduce employment. Now this?

The CBO’s non-aligned economists say the proposed increase to $10.10 would lift around 900,000 people out of poverty, as intended, but might also eliminate 500,000 jobs. They stress the wide range of uncertainty around both numbers — but that’s not good enough. The idea that the proposal might not be a free lunch, as most liberal commentators insist, called forth accusations of bad faith.