Times are definitely not tough at Sturm, Ruger & Company. They recently announced that during the first quarter of 2012 they received orders for more than one million firearms. Because of this first world problem, they’ve decided to temporarily suspend new firearms orders. Ruger’s stock (RGR) has benefited greatly because of the news, it’s risen by 115% since last year and is at its 52-week high. It’s good to see an American company making their products right here in the USA do so well, I just hope that doesn’t mean their prices will rise because of the news, I’ve had my eye on a new Ruger SR22 pistol.
From Ruger’s press release:
– Chief Executive Officer Michael O. Fifer made the following comments:
– The Company’s Retailer Programs that were offered from January 1, 2012 through February 29, 2012 were very successful and generated significant orders from retailers to independent wholesale distributors for Ruger firearms.
– Year-to-date, the independent wholesale distributors placed orders with the Company for more than one million Ruger firearms.
– Despite the Company’s continuing successful efforts to increase production rates, the incoming order rate exceeds our capacity to rapidly fulfill these orders. Consequently, the Company has temporarily suspended the acceptance of new orders.
– The Company expects to resume the normal acceptance of orders by the end of May 2012.