Gun sales slowing

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FrankNmac

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Gunmaker shares declined in extended trade after American Outdoor Brands (NASDAQ:AOBC), formerly known as Smith & Wesson, reported FQ3 sales that were weaker than expected and said the gun business has slowed after unusual demand. "Toward the end of the quarter, consumer firearm purchasing began to cool," said James Debney, American Outdoor's president and CEO. After-hours: AOBC -7.5%; RGR -1.7%
 

mightymouse

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On the other hand, it is a buyer's market. With many buyers (at the wholesale and retail levels, not the end user level) apprehensive of a Clinton win in November, many wholesalers/dealers are now finding themselves sitting on a lot of product they thought would go flying out the doors between Election night and Inauguration Day. Faced with a product glut, some dealers are responding with fire sale prices. We have transferred two BNIB guns in two days that were bought online for less than our dealer cost.
 

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