WORLD’S GREATEST GUN SALESMAN

Buy shares in Gun and Ammunition manufacturers, and also companies who make reloaders and other gun and rifle paraphernalia.

You really have to hand it to Barack Obama. He is far and away the greatest gun salesman in the world.

In January, The Outdoor Wire, the outdoor industry’s largest online new service, named an unlikely “Gun Salesman of the Year.” The winner was President Barack Obama.

Publisher Jim Shepherd said then, “Manufacturers are months behind on orders for semi-automatic pistols, AR-style rifles, and anything with so-called ‘high-capacity magazines.’ …buyers we’ve surveyed across the country seem to have a single explanation for their rush to purchase firearms – Obama.”

In November of 2008, the National Instant Criminal Background Check System saw a 42% increase of checks over November 2007. The increase was 24% in December when over 1.5 million background checks were processed.

The “gun frenzy” sent the shares of gun makers Sturm, Ruger and Smith & Wesson to new 52-week highs. Contrarians take note, though. What’s driving sales higher now – genuine concerns Obama will pass legislation to restrict sales of guns and ammunition – could lead to slower sales in the future.

I recommend buying the stock of these companies for a short to medium-term profit. My latest trip to WalMart witnessed a long line in front of the gun counter. I asked one of the salesmen if the line was long because someone was sick. He said: “No, it’s been like this all week.” Gun shows have been equally busy.