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Gun Sales Tapering Off, Cabela's Says

Discussion in 'Firearms' started by Scorpio, Feb 17, 2017.



  1. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    Gun Sales Tapering Off, Cabela's Says

    [​IMG]
    Matthew Rocco
    Fox BusinessFebruary 16, 2017
    [​IMG]
    Cabela’s saw strong demand for guns during the third quarter, reflecting an industry-wide surge before the presidential election.
    Cabela’s (NASDAQ:CAB) saw demand for firearms taper off to close 2016, as sales couldn’t keep up with the rapid pace set in the preceding year, after the San Bernardino terrorist attack.


    Gun makers and industry analysts have offered subdued profit expectations in the wake of President Donald Trump’s rise to the White House. Historically, sales get a sizable boost if new gun-control measures are expected to be on the table. Those concerns are on the back burner with Trump in the White House and federal appeals court judge Neil Gorsuch nominated to fill the open Supreme Court seat.

    The FBI processed a record 27.5 million background checks for gun purchases and permit applications last year. Background checks slowed down in January, when roughly two million checks went through the National Instant Criminal Background Check System. Nearly 2.8 million checks were recorded in December.

    Cabela’s said total revenue for the fourth quarter was down 4.9% year-over-year. Sales at Cabela’s locations open at least a year fell 6.4%. The company added that revenue would have increased 1% excluding an extra week in the final quarter of 2015.

    Shares of American Outdoor Brands (NASDAQ:AOBC), the renamed parent company of Smith & Wesson, have dropped 33.9% since Election Day. Sturm Ruger & Co. (NYSE:RGR) is down 24%.

    Cabela’s stock has slipped 17.6% over the past month amid questions surrounding Bass Pro’s $5.5 billion deal to buy the company. The transaction was tied to a separate agreement between Cabela’s and Capital One Financial (NYSE:COF), which lined up to buy Cabela’s credit card business, dubbed World’s Foremost Bank. Capital One effectively pulled its bid last month, saying that it wouldn’t receive regulatory approval in time.

    Also, the U.S. Federal Trade Commission sent Cabela’s a second request for information, further delaying the buyout.

    http://finance.yahoo.com/news/gun-sales-tapering-off-cabelas-155300347.html
     
  2. latemetal

    latemetal Gold Chaser Platinum Bling

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    No great shock there, Trump will not be half the President Obama was nor will he sell half as many guns as President Clinton would have....have a nice day folks.
     
  3. Uglytruth

    Uglytruth Gold Member Gold Chaser

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    BUT, but, but I thought all the snowflakes were turning into preppers? They must have bought cameras instead.
     
  4. gringott

    gringott Killed then Resurrected Midas Member Site Supporter

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    Demoncrats should ramp up the gun fear.
     
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  5. southfork

    southfork Mother Lode Found Mother Lode

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    Had a buy list ready for election night, almost pulled the trigger but decided to wait, just had a feeling, glad I did , prices going down on a lot of guns ammo ect
     
  6. GOLDBRIX

    GOLDBRIX God,Donald Trump,most in GIM2 I Trust. OTHERS-meh Platinum Bling

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    "Demoncrats" should start another gun run for their side soon. After all they are the ones claiming - the Next Civil War. Otherwise it won't be much of a war, more like a slaughter.
     
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  7. gringott

    gringott Killed then Resurrected Midas Member Site Supporter

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    [​IMG]
     
  8. Rusty Shackelford

    Rusty Shackelford Midas Member Midas Member

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    Local gun store owner said HRC would bankrupt him and Trump would keep him in business, even though he had signs saying Barry was greatest gun salesman the world had seen. The Dems and the left allowed this guy to have record sales. He should have voted HRC for his business's sake cause HillDawg would have put Barry to shame sales wise.
     
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  9. GOLDBRIX

    GOLDBRIX God,Donald Trump,most in GIM2 I Trust. OTHERS-meh Platinum Bling

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    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

    Oh Yeah, Target Porn. Guessimating the number of holes that would have resulted in a lot DRT PROGS at Center Mass. - Me Likey U Shootin' gring.
     
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  10. oldgaranddad

    oldgaranddad Gold Member Gold Chaser Site Supporter ++

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    Expect the second amendment purchases to ramp up in accessories such as magazines, suppressors, etc. with the Trump administration rolling back regulations and edicts.

    Look for importers to gain some ground with regulations rolled back on certain importations.

    Holster and concealed carry vendors will expand too as national right to carry takes hold. Look for training camps and instructors to take a jump in popularity.

    I also predict that TV reality shows like Top Shot will start to show up on network TV as more and more people carry and the uninformed masses see the positive effects.

    These inroads will then give rise to more and more of the general public looking to buy firearms and create a second wave of buying fueled by interest instead of fear of cut off or confiscation.

    The smart money is already bird dogging many firearm related companies. It's just not being reported in the financial press.
     
  11. GOLDBRIX

    GOLDBRIX God,Donald Trump,most in GIM2 I Trust. OTHERS-meh Platinum Bling

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    I think Top Shot is now DOA.
    It is in re-runs on either The Outdoor Channel or Sportsman's Channel. IjustDK which one.
     
  12. oldgaranddad

    oldgaranddad Gold Member Gold Chaser Site Supporter ++

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    Agreed that Top Shot is gone and dead but Hollywood and TV are famous for recycling. One thing I was surprised about Top Shot is that they didn't have a celebrity Top Shot.
     
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  13. GOLDBRIX

    GOLDBRIX God,Donald Trump,most in GIM2 I Trust. OTHERS-meh Platinum Bling

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    Chance for too many One Bullet- Barney Fife moments ( Shootin' the floor):
     
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  14. ttazzman

    ttazzman Midas Member Midas Member Site Supporter

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    :) like my dad said once .....good shooting son now if you can just get the bad guy to stand still holding that piece of paper in frount of him for you.......LOL......great shooting
     
  15. Rusty Shackelford

    Rusty Shackelford Midas Member Midas Member

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    Yea I have been putting off buying my holsters and other rig components until national carry gets passed. I just could not rationalize buying just to carry in my state or the other 30 tgat honor my permit. Pretty sure a lot of CCW brethren did the same.
     
  16. gringott

    gringott Killed then Resurrected Midas Member Site Supporter

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    It's also good that the paper doesn't shoot back.
     
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  17. Chester-Copperpot

    Chester-Copperpot Gold Member Gold Chaser Site Supporter Platinum Bling

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    Just like gold and silver, buy low sell high. You can buy AR's for $400. Stack em deep and offload during the next panic. Might not be next year or even the next five years, but there will be another one.
     
  18. Howdy

    Howdy Silver Member Silver Miner

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    I'll expect a lot of rhetoric from him suggesting it, but I'm not holding my breath.
     
  19. oldgaranddad

    oldgaranddad Gold Member Gold Chaser Site Supporter ++

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    True. As Reagan said, "Trust but verify".
     
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  20. GOLDBRIX

    GOLDBRIX God,Donald Trump,most in GIM2 I Trust. OTHERS-meh Platinum Bling

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    And currently neither do most PROGS. They bring sticks and hammers to GUN FIGHTS.
    See the Berkley "Protest".
     
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  21. oldgaranddad

    oldgaranddad Gold Member Gold Chaser Site Supporter ++

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    ...and when they do bring something of substance it will be a cheap "spray and pray" weapon. They don't care what they hit as long as they hit something. As long as it causes mayhem.
     
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  22. ttazzman

    ttazzman Midas Member Midas Member Site Supporter

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    I found it intresting a local farm and home store chain "Orchelins" i went in our local store today and they had totally refurbished the inside and the main change was to expand the sporting good area by at least twice the previous area in the store......included adding a Gun sales counter pistols and rifles, previously they did not sell guns at all.......point is i am guessing they just missed the Obama gun sales boom
     
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  23. stonedywankanobe

    stonedywankanobe Gold Member Gold Chaser

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    Gringo, im envious of that firing line you have, great looking set up Mr.
     
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  24. ttazzman

    ttazzman Midas Member Midas Member Site Supporter

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    I agree....looks like a fantastic shooting area he has there
     
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  25. stonedywankanobe

    stonedywankanobe Gold Member Gold Chaser

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    If it's natural, it's like God's gift to every gun toter who ever laid their balls on it.

    While I live outside city limits, my yard and proximity to neighbours doesn't allow me in good conscience to fire my rifles without a real good reason.
     
  26. nickndfl

    nickndfl Midas Member Midas Member Site Supporter ++

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    Remove the tax on suppressors and SBRs and watch their sales increase by 200% Y_O_Y.
     
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  27. GOLDBRIX

    GOLDBRIX God,Donald Trump,most in GIM2 I Trust. OTHERS-meh Platinum Bling

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    Now that is a descriptive sentence that is hard to visualize and harder to comprehend. aka WTF !!
     
  28. stonedywankanobe

    stonedywankanobe Gold Member Gold Chaser

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    Eyeballs sir.
     
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  29. gringott

    gringott Killed then Resurrected Midas Member Site Supporter

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    That's not my range, that is the world's famous KNOB CREEK! I am a member, great price for military - I buy an annual every year.
     
  30. Aurumag

    Aurumag Seeker of Truth and Justice Midas Member

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    So, you don't think POTUS Trump will sign the Hearing Protection Act?

    Polite shooters use suppressors on their short barreled rifles!
     
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  31. GOLDBRIX

    GOLDBRIX God,Donald Trump,most in GIM2 I Trust. OTHERS-meh Platinum Bling

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    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
    I think TRUMP WOULD sign it into law.
    It is getting it out of the House and Senate that seems to be the problem.
    I think it has been put on the Back Burner while TRUMP gets his Cabinet filled. - JMO
     
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  32. Howdy

    Howdy Silver Member Silver Miner

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    I could be wrong, but I don't expect him to do much of anything to ease the tyranny. Rhetoric is rhetoric. It serves it's own purpose.
     
  33. GOLDBRIX

    GOLDBRIX God,Donald Trump,most in GIM2 I Trust. OTHERS-meh Platinum Bling

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    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
    Was you expecting a Miraculous Massive Passage on all of TRUMP'S platform in the FIRST 30 Days ???

    Considering ALL the PROGS and RINOs are openly working against him, The Whitehouse having more leaks than ten Dutch boys could plug. I think he has done EXCELLENT especially since he don't play the DC game.

    What has he erased from what he promised while on the stump ?
     

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