Cerberus sells Bushmaster after CT massacre
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Old 12-18-2012, 10:56 PM   #1
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Default Cerberus sells Bushmaster after CT massacre

http://dealbook.nytimes.com/2012/12/18/cerberus-to-sell-gunmaker-freedom-group/
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Old 12-18-2012, 11:52 PM   #2
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this seems stupid and short sighted considering FIREARMS manufacturers are the only business thats booming in the U.S. right now.

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Old 12-19-2012, 12:17 AM   #3
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Originally Posted by fmj View Post
this seems stupid and short sighted considering FIREARMS manufacturers are the only business thats booming in the U.S. right now.
Sell when sales and profits are high... sounds like a great business decision.
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Old 12-19-2012, 12:28 AM   #4
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They only had a 2.4 % share in Bushmaster. Did I read this correctly? Or was that what the Teachers Union had invested?

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Old 12-19-2012, 04:27 AM   #5
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they only had a 2.4 % share in bushmaster. Did i read this correctly? Or was that what the teachers union had Invested?
national educastion association strikes again!
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Old 12-19-2012, 05:23 AM   #6
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Yeah, you can really respect those school teachers in Kolifornia. Not long ago I saw video of them demonstrating with the American Communist Party among them and one of them dropped their flag and it was picked up by a teacher who waived it around zealously. What's left to say? Cerberus is making themselves look like money grubbing scared fools and are giving in to blackmail. I'd buy Bushmaster in a NY minute. The good thing is the school teachers will lose money on the deal.

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Old 12-19-2012, 06:09 AM   #7
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The Liberals will be into something else in time. ABC News just did a report on the millions of new gun owners. People who never owned firearms are buying guns of all types. These outfits like Dicks, CTD Etc. and a few DA politicans are going to be damn sorry. Gun owners and NRA members never forget. We will be waiting for you guys down on the corner.

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Old 12-20-2012, 02:05 AM   #8
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This is getting nasty. Sturm Ruger stock is down $15 in about a week from $45 to $30 and Smith & Wesson is also down. At this point if will be interesting to see how much of a bath the hedge fund is willing to take to sell.

Like the pressure being put on Dick's and CTD, this is getting to be a rock rolling downhill. A buisiness rarely makes that kind of a decision, particulary on something that is selling strongly, without some kind of immense pressure from somewhere. A CEO could jeopardize his job by making this kind of decision without considering consequences. This had to be investor driven also.

Companies losing 1/3 of their value in a week will shake up investors and lenders, and potentially threaten the amount of cash that the company has to do business with. If this continues, Sturm Ruger could have some drastic decisions and actions to take.

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Old 12-20-2012, 02:55 AM   #9
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Now is the time to buy S&W and Ruger stocks. One or two days down in a strong market is an open door. NRA Membership is growing by 8,000 per day and the Gallop Polls out today show Americans not in favor of more gun control. Firearms sales are breaking all records.

Back in the 1960s the big gun dealers were Sears, JCP, Kliens and wards. They bailed after the JFK murder. Have you ever missed them? No we got Midway, Cabelas, Midsouth etc. much more shooter friendly.

Don't throw your rifle down and run this is not the French Army.

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Old 12-20-2012, 02:57 AM   #10
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Let the Kalifornia teachers Union lose money... its not like it couldnt happen to nicer people...

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