Apparently taking orders for over 1 million firearms in a single quarter is a great way to make investors stand up and take notice. Sturm Ruger & Co (RGR) stock has been on fire lately. Forbes.com says…
RGR is a small-cap ($1.1 billion) company that is trading at about 20 times forward expectations for next quarter’s earnings per share.
Ruger isn’t the only firearm manufacturer that is benefiting from the current political climate but they have been the hottest of the publicly traded companies. View the entire article at Forbes.com.
Interesting Matt. I would love to start a firearms company. I know it aint easy but these guys have built a serious business.