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Even Smith & Wesson is surprised by the red-hot demand for guns

Business at the gunmaker Smith & Wesson is going gangbusters.

On Monday evening, management announced that it was raising its guidance because sales had been unexpectedly strong.

According to a press release, “the sell-through rate of its products at distribution has been stronger than originally anticipated, resulting in reduced distributor inventories of its firearms.”

In other words, people are buying guns faster than merchants can restock the shelves.

Of course, this data was compiled prior to the announcement of increased restrictions on gun buying announced by the President yesterday.

You can read the full story here:

http://www.businessinsider.com/smith-and-wesson-raises-guidance-2016-1

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Written by Mark Taylor

Mark Taylor

I used to work on Wall Street, but prefer the wide open spaces and freedom that the West provides. My favorite places are anywhere on the Pacific Crest Trail and the top of the next mountain in sight. I am an avid backpacker and rock climber and am into self-reliance. When I'm not on the trail, I'm writing about my experiences on-line.

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