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Tuesday, March 19, 2013

Fear of new regulations keeping gun stores busy

GRAND TRAVERSE CO. -- The expectation that the Obama Administration will push for stricter gun safety legislation has kept gun shops here and across the country busy.

The Armory in Traverse City has been selling large amounts of ammunition. They say ammunition is flying off the shelves within hours of being stocked.

CNN Money is also reporting that Smith and Wesson claimed earnings more than tripled for the company in the recent quarter.

The company, which is the nation's second biggest publicly traded gun company said it earned $17.5 million in the last quarter, up from $5.4 million in the same period last year.

The price of guns and ammunition has also risen in the last couple months but store owners say that is not slowing down customers.

Many gun owners are not supportive of new laws that could restrict the sale of ammunition and guns.

Written By: Anne Cook

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