Democrats kept pushing to destroy the Second Amendment so the gun industry ramped up production hoping to cash in. With Comrade Obama in office and mafia boss Hilary coming down the pike things looked bleak and it overstimulated gun purchases.
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More than 11 million firearms were manufactured in the U.S. in 2016, up from fewer than four million a decade ago, according to data from the Bureau of Alcohol, Tobacco, Firearms and Explosives.
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Reminds me of the auto industry when all the major manufacturers kept increasing production to try to beat the competition. The end result was a glut of unsold new cars.
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Cerberus Capital Management, acquired Remington in 2007 and subsequently saddled it with almost $1 billion in debt.
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Looks like they bet the farm and lost.
Think of it like a stock market correction for a particular product. Supply way more than demand once fears of Communism in America abated.
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Joe
See Porsche run. Run, Porsche, Run:
`87 911 Carrera