jimnyc
05-22-2013, 07:46 AM
Awesome! They want to push, push and push some more, and all they are doing is increasing awareness more and more, pissing people off more and more - and making the manufacturers and gun shops richer and richer!
In March the National Rifle Association coordinated a demonstration against new gun legislation in Connecticut, the state where 26 children and staff were gunned down at an elementary school in December. Before boarding buses headed for the state capital, gun owners met up at a parking lot in nearby East Hartford--a parking lot owned by sporting goods store Cabela's
The location was no accident--they were guests of the owners. With 40 stores and a strong Internet and mail catalog business, Cabela's sells everything from fishing rods to wool slippers. But guns are the real moneymaker, and while fears of future gun restrictions have spurred sales for the entire industry, no company has benefited quite like Cabela's.
Shares have increased by 95% in the last year and are up more than 70% already in 2013. That makes Cabela's stock the best-performing in the firearms industry and one of the top-performing stocks in the U.S. in the last year. The company's two biggest shareholders, founders Richard and James Cabela, have seen the value of their combined 25% stake jump to $1.2 billion from $750 million at the start of 2013.
About one-third of Cabela's $3.1 billion in sales last year came from firearms, ammunition and accessories, and a substantial amount of its all-important sales growth came from its gun business. Cabela's first-quarter 2013 same-store sales growth was 24%, but it was only 9% excluding firearms and ammunition. The company set a new record for first-quarter revenue, which increased 28.7% to $802.5 million.
It has been an incredible run for the company founded in 1961 by Richard Cabela and his wife, Mary, at their kitchen table in Chappell, Nebr. Within two years younger brother James Cabela joined the catalog business, and the duo eventually moved their headquarters to Sidney, Nebr. and developed stores that have become like shopping amusement parks for sportsmen, known for elaborate taxidermy displays of animals from deer to lions. In addition to its stores and direct-sales channels, Cabela's offers a cobranded Visa credit card and even owns an FDIC-insured bank.
Rest here - http://finance.yahoo.com/news/obama-gun-boom-pushed-fortune-110022339.html
In March the National Rifle Association coordinated a demonstration against new gun legislation in Connecticut, the state where 26 children and staff were gunned down at an elementary school in December. Before boarding buses headed for the state capital, gun owners met up at a parking lot in nearby East Hartford--a parking lot owned by sporting goods store Cabela's
The location was no accident--they were guests of the owners. With 40 stores and a strong Internet and mail catalog business, Cabela's sells everything from fishing rods to wool slippers. But guns are the real moneymaker, and while fears of future gun restrictions have spurred sales for the entire industry, no company has benefited quite like Cabela's.
Shares have increased by 95% in the last year and are up more than 70% already in 2013. That makes Cabela's stock the best-performing in the firearms industry and one of the top-performing stocks in the U.S. in the last year. The company's two biggest shareholders, founders Richard and James Cabela, have seen the value of their combined 25% stake jump to $1.2 billion from $750 million at the start of 2013.
About one-third of Cabela's $3.1 billion in sales last year came from firearms, ammunition and accessories, and a substantial amount of its all-important sales growth came from its gun business. Cabela's first-quarter 2013 same-store sales growth was 24%, but it was only 9% excluding firearms and ammunition. The company set a new record for first-quarter revenue, which increased 28.7% to $802.5 million.
It has been an incredible run for the company founded in 1961 by Richard Cabela and his wife, Mary, at their kitchen table in Chappell, Nebr. Within two years younger brother James Cabela joined the catalog business, and the duo eventually moved their headquarters to Sidney, Nebr. and developed stores that have become like shopping amusement parks for sportsmen, known for elaborate taxidermy displays of animals from deer to lions. In addition to its stores and direct-sales channels, Cabela's offers a cobranded Visa credit card and even owns an FDIC-insured bank.
Rest here - http://finance.yahoo.com/news/obama-gun-boom-pushed-fortune-110022339.html