The 17% Drop in This Number Is Actually Good News for Gunmakers
According to the FBI, adjusted criminal background checks on potential gun buyers fell by 17% year over year in September. But after last year's record-setting pace, it's not surprising that firearms sales appear to be cooling off.
Now, investors in firearms manufacturers like Smith & Wesson Brands (NASDAQ: SWBI) and Sturm, Ruger (NYSE: RGR) might worry about the outlook for their shares if this trend continues. However, the declining background-check figures are actually good news for gunmakers.
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Source Fool.com
