Check out the last part of this press release. It is good to have stock in Ruger <img src="/ubbthreads/images/graemlins/wink.gif" alt="" />
Sturm, Ruger & Company, Inc. Reports Strong First Quarter Bookings
March 21, 2012
Sturm, Ruger & Company, Inc. (NYSE: RGR), announced today that for the first quarter 2012, the Company has received orders for more than one million units. Therefore, the Company has temporarily suspended the acceptance of new orders.
Chief Executive Officer Michael O. Fifer made the following comments:
The Company's Retailer Programs that were offered from January 1, 2012 through February 29, 2012 were very successful and generated significant orders from retailers to independent wholesale distributors for Ruger firearms.
Year-to-date, the independent wholesale distributors placed orders with the Company for more than one million Ruger firearms.
Despite the Company's continuing successful efforts to increase production rates, the incoming order rate exceeds our capacity to rapidly fulfill these orders. Consequently, the Company has temporarily suspended the acceptance of new orders.
The Company expects to resume the normal acceptance of orders by the end of May 2012.
I am not generally a fan of Ruger firearms, but I am very happy to see an American firearms company doing well (sigh wishing for a Canadian one). However Ruger has been active in fighting for firearms owners rights and promoting the hunting sports. If I buy a new rifle in the next year, Ruger will be on the top of list due in part to their support of firearms owners (I know that Bill Ruger had issues with civilian ownership, but he is gone)
The stripes of a tiger don't wash away.
Be a man of steel not clay
JYD #102
