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The issue was the ammo bubble of the Obama years. It is not the people aren't buying, they have just cut back to the regular usage numbers. No need to "stock up, just in case..."
Every industry goes through things like this. They get into a bubble. Then it isn't a bubble, but a sausage. Then a belief sets in that things are going to be like this for-ever.
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James
The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994)
Red-beard for President, 2020
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