Yesterday Just the News reported that Smith & Wesson has announced record gun sales for this fiscal year.
The article reports:
Storied U.S. gun manufacturer Smith & Wesson this week announced a record-setting fiscal year amid an ongoing gun-and-ammunition frenzy in the United States that has persisted since last year.
Company CEO Mark Smith said in a company earnings call on Thursday that the gun manufacturer in the past fiscal year “surpass[ed] $1 billion in sales for the first time in our 169-year history.”
Smith said the company also posted “fourth quarter revenue of nearly $323 million,” which he said was “the highest quarter ever on record and marks the fourth consecutive record-breaking quarter for the company.”
He said the record year allowed the company to “completely pay off our $160 million debt, return over $8 million to shareholders through dividends and reduce our outstanding shares by over 14%.”
So what are the record gun sales about? It’s political and societal. As America watched lawlessness in our major cities escalate during last summer, many people felt the need to be able to protect themselves. As some people began to push for decreasing the police presence and activities in major cities, many people felt the need to be able to protect themselves. After President Biden was elected, many Democrats indicated that they were planning to limit the gun rights of Americans. Many people decided that now might be a really good time to buy a gun.
There is nothing wrong with having an armed citizenry. It actually is a deterrent to criminal activity when criminals know that their victims might be armed. Also, the idea of taking guns from law-abiding citizens does not make sense–unless you begin by taking guns away from criminals, you are going to create more crime–not less crime. It’s time for individual states to stand up to any possibility of limiting the Second Amendment. Many states already have. It needs to be all states.