RGR is reporting its first crop of earnings since the Sandyhook tragedy and the major push for gun control got underway. I’m looking around the room, and I’m seeing earnings getting lifted by 10% from the last round. And after that? Some analysts are even showing EPS dropping within the year. Look, let me ask you something, point blank.
Are you people out of your fucking minds?
You need to understand, Mr. Bloomberg analyst; I hate your guts.
It’s not that I
have anything against your business don’t like you disrespect you…okay you know what, I’ve tried starting this sentence three times, so I’m just gonna call it quits here.
The problem is that you are a gigantic pussy. God it feels good to finally say that! Enough of this PC bullshit.
You are a gigantic bitch. You little New York dwellers hang out on your tiny little island with your thirty five thousand armed guards and no sense of how the rest of the country operates. You get all caught up in ten thousand fake Twitter handles that #DemandChangeNOW and miss, subsequently, what is staring you right in the face.
And why do you let this happen to yourselves? So that one day, maybe, Mike Bloomberg will say “hmm” to you while you shuffle breathlessly out of his way to the bathroom.
Now let me show you why your estimates are complete garbage
Now, do you notice how I can almost count on two hands how many guns they have left in this case?
You are busy lifting earnings estimates for gun manufacturers by a paltry 10% and meanwhile, gun inventories have been sacked by >80%. In this particular store, this was one case. They had another five that looked exactly like this. I can count on one hand how many Ruger handguns were left for sale. And meanwhile, you can only bring yourself to lifting EPS estimates by 10%, while viciously penning that “Bloomberg employee loyalist” piece hyping the ‘dangers’ to gun stocks that will just absolutely materialize from legislation and judiciary action. And of course reminding everyone that these sales levels cannot continue indefinitely.
DO YOU THINK I CARE IF THEY EXTEND INDEFINITELY!?
The company just sold a years’ worth of firearms in a fucking month. And, I revel in revealing this to you, but you’ve got two years until the midterm elections, and at the moment Republicans are looking vulnerable. That’s two years during which gun enthusiasts can panic and buy as many weapons as their budgets can handle. Two years, before you have any chance of stemming the flood, too…
RGR is backlogged with demand. They have so much F-ing demand, they need to expand their borrowing capacity just to try and keep up with it. Why, just Thursday they signed an agreement with Bank of America to expand one of their lines of credit by $15 million. You can expect more of that sort of thing, I can assure you. That’s at least 30,000 more weapons being made, all on sales that are being satisfied, really, before manufacturing or wholesale.
Think about that in shame the next time you think of writing up one of these moralizing trash pieces.Comments »