Sturm, Ruger & Company, Inc. (NYSE: RGR), announced today that for the first quarter 2012, the Company has received orders for more than one million units. Therefore, the Company has temporarily suspended the acceptance of new orders.
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.
Who is ordering all of these and guns and why? I think Americans eyes are beginning to open and they are realizing that eventually the chickens are going to come home to roost for this country. When we have our Greek debt moment and can no longer borrow $1.5 trillion per year to fund all the government stupidity, along with all the gibs me dat, there are going to be quite a few people who are going to begin acting out in bad ways and this scares people. My only advice is stock up on ammo for all those guns because the government has a bad habit of suspending ammunition sales when the SHTF.