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Monday, August 31, 2015

Smith & Wesson Stock Rallies As Wall Street Markets Tumble

Investors holding stock in Smith & Wesson received some welcome good news Friday with reports that shares of the gunmaker are up more than 10 percent after the company’s quarterly earnings report showed net sales increasing, year-over-year, by 12 percent for the quarter.

"Our first-quarter results exceeded our expectations for sales and net income in both our firearms and accessories divisions," Smith & Wesson CEO James Debney said. One likely reason for increasing sales is the threat of gun-control laws making firearms scarce, if not illegal.

Indeed, since Obama took office, Smith & Wesson stock has soared by over 600 percent and the number of background checks conducted through the National Instant Check System (NICS)—a broader measure of likely gun sales—has increased an average of 7 percent annually over the past eight years. Ironically, this latest report comes close on the heels of a HuffPo op-ed claiming that the gun industry is in a slump.


Birmingham Robbery Victim Turns Table On Suspects

Two men reportedly pulled up in a car and asked some individuals walking down the street in Birmingham, Ala., for cash. When one of the pedestrians pulled out a wallet, the men in the car allegedly drew firearms and demanded all of their money. After complying with the demand, one of the would-be victims took out a concealed firearm and shot at the suspects. 

A man was later dropped off at Princeton Medical Center with life-threatening injuries. Police located a car matching the description of the one that he arrived in and found bullet holes and blood on the seats. Charges are expected to be filed against both robbery suspects.


No Known Connection In Murder Of Texas Deputy

If you needed any convincing that there is a war being fought against our nation’s law-enforcement officers—sometimes metaphorical, sometimes not so much—the “execution-style” murder of Darren Goforth in Houston, Texas, should give you pause. The Harris County sheriff’s deputy had finished fueling his patrol car at a gas station when a man approached him from behind and shot him, then continued firing after the deputy was on the ground. 

Shannon Miles was arrested for the killing and has been charged with capital murder. Authorities say Miles does not seem to have known Goforth, and they think he targeted the deputy for no reason other than his law-enforcement status. 

Houston Mayor Annise Parker has ordered that city flags be lowered in memory of Deputy Goforth.


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