Ever since Barack Hussein Obama took office, he has been on a mission to destroy the Second Amendment by banning guns in America. With months to go in his presidency, however, he has just learned once and for all that his efforts to take away guns from Americans have all been in vein.
Instead of lowering gun sales, they have actually spiked during Obama’s presidency!
America’s legendary gun maker Smith & Wesson reported Q1 earnings which, not surprisingly, beat estimate on the top and bottom line, reporting EPS of $0.62, far above the $0.53 expected, and 93% higher compared to a year earlier, on revenue of $207.1 million, also a significant beat to the $198 million expected, not to mention a whopping 40% higher Y/Y.
Yes, you are reading that chart correctly: Smith and Wesson’s sales are up 200% since Obama was elected.
And this of course: the number of FBI background checks, a direct proxy for gun sale in any given month, which just hit an all time high for the month of July.
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