Sturm Ruger Sees Record Gun Orders On Election Fears
Posted on March 29, 2012 at 14:40 PM EDT
Gun maker Sturm Ruger (RGR) announced last week it received 1 million orders in the first quarter and wasn't taking any more until it could fill what it had. "Despite the company's continuing successful efforts to increase production rates, the incoming order rate exceeds our capacity to rapidly fulfill these orders," the company said in a press release. The gun business is booming. Analysts and retailers say it's driven by the prospect -- fear to