8 that beat expectations, sending its shares soaring 14 percent since. They’ve been trying to work down that inventory, bring them down to normal levels, and in the meantime not ordering from manufacturing.”ĭionisio added that an additional factor may have contributed to this morning’s rally: Vista Outdoor Inc., which owns a variety of firearms manufacturers, reported earnings Feb. “The scenario didn’t materialize, so after the election, they’re stuck with excess inventory. They were really expecting a dramatic surge,” said Rommel Dionisio, a managing director of equity research at Aegis Capital who focuses on publicly traded firearms companies. These retailers and distributors stocked up on the product before the election. “Everyone thought Hillary was going to win.
In some cases, they have too many on hand. Retailers simply aren’t ordering firearms products as they used to. Last month’s background check numbers were the lowest for any January since 2012. Background check data, a barometer for gun sales, also shows a decline in purchases. is down by half, Sturm Ruger is off 23 percent. American Outdoor has lost 62 percent of its value, Vista Outdoor Inc.
Since the 2016 election, gun stocks have largely sold off. Once things calm down, investors will see that the threat of increased regulation is not there - then you’ll see a closer correlation between fundamentals and prices.” “Investors are thinking this could be the turning point, but from a consumer perspective, they won’t be going out and buying more guns. “A knee-jerk reaction,” said Kevin Cassidy, an analyst at Moody’s Investors Service, who rates Remington two steps above default. So why was Wall Street’s initial reaction to buy? Muscle memory, in part. Now, with Republicans in control of Congress and the White House, there’s little chance of any new laws until 2021, at the earliest. There hasn’t been any significant new gun control regulation since President Barack Obama’s 2016 executive order regarding background checks. The bonds jumped 7 cents on the dollar Wednesday, their largest-ever intraday gain, and continued to rise Thursday. Photo Source: Remington.Even more surprising was the rally in the debt of Remington Outdoor Co., the company that earlier this week said it plans to file for bankruptcy. Today, Remington is known best for its traditional bolt-action rifles like the venerable Model 700, modern sporting rifles following the AR-15 pattern, and the classic Model 870 pump action shotgun. For the US, they produced M1917 Enfield rifles and later models of the 1903 Springfield rifle.Īfter World War II, the company shifted more of its focus toward civilian and hunting arms viewing that market as a more stable business model. To this day Remington is one of the largest manufacturers of shotguns and rifles in the United States and is known for developing more cartridges than any other manufacturer in history throughout the world.ĭuring the run-up to World War I, Remington manufactured arms for the US and a number of allies including Berthier rifles for France, Enfields for the United Kingdom, and Mosin Nagants for Russia. The company was founded over 200 years ago in 1816 by Eliphalet Remington in Ilion, New York.
MGW carries a full line of stocks from Remington to fit nearly any of their popular. We feature a large selection of Remington 700 gun stocks for sale from top grands such as Blackhawk, Hogue, ATI and more Whether you are looking for a tactical stock or a new, more ergonomic hunting rifle stock for your favorite Remington 700 - we have it in stock and ready to ship right away. The pistol grip is fat, and the backstrap is all rubber. I tested ATI’s Talon T2 tactical stock with the Scorpion Recoil System. Remington Arms Company, LLC rightfully owns the title of America's oldest gun maker. Choose quality for your shotgun and rifle stocks, choose Remington. ATI has an enormous selection of aftermarket tactical stocks not only for the Remington 870, but also Mossberg, Winchester, Benelli and most brands currently carried by law enforcement in the U.S.