Posted 9:38 pm Friday, February 22, 2013
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Gun Stocks, February 22
Recent governmental debate on gun control has been like manna from heaven for gun/ammo manufacturers, gun dealers and even hired gun lobbyists such as NRA.
Guns, ammo and high capacity ammo clip manufacturers are making a killing, (no pun intended), working around the clock to supply their dealers.
Even so, many dealers’ supplies are sold out even before they are received.
Not so much investors in gun stocks on the stock market.
A private equity firm Cerberus who owns Silverleaf time shares at Holly Lake Ranch also owns 95 percent of gun makers Freedom Group. Cerberus has announced they plan to sell Freedom Group.
In January the second largest U.S. pension fund California State Teachers’ Retirement System informed Cerberus of their decision to sell its investments in manufacturers of firearms and high-capacity ammunition clips that are banned in California.
California State Treasurer Bill Lockyer is also pressing the biggest U.S. fund, the $254 billion California Public Employees’ Retirement System to shed its exposure to firearms manufacturer investments.
New York state’s $150 billion public pension fund said in January that it will stop buying shares of publicly traded firearms manufacturers, including Sturm Ruger.
Gun proliferation gives and gun proliferation taketh away.
Blessed be the efforts of regulators to promote sane gun regulation.
Marvin L. Myers
Holly Lake Ranch
Guns, ammo and high capacity ammo clip manufacturers are making a killing, (no pun intended), working around the clock to supply their dealers.
Even so, many dealers’ supplies are sold out even before they are received.
Not so much investors in gun stocks on the stock market.
A private equity firm Cerberus who owns Silverleaf time shares at Holly Lake Ranch also owns 95 percent of gun makers Freedom Group. Cerberus has announced they plan to sell Freedom Group.
In January the second largest U.S. pension fund California State Teachers’ Retirement System informed Cerberus of their decision to sell its investments in manufacturers of firearms and high-capacity ammunition clips that are banned in California.
California State Treasurer Bill Lockyer is also pressing the biggest U.S. fund, the $254 billion California Public Employees’ Retirement System to shed its exposure to firearms manufacturer investments.
New York state’s $150 billion public pension fund said in January that it will stop buying shares of publicly traded firearms manufacturers, including Sturm Ruger.
Gun proliferation gives and gun proliferation taketh away.
Blessed be the efforts of regulators to promote sane gun regulation.
Marvin L. Myers
Holly Lake Ranch
