Tags: sturm | ruger | backlash | investors | holders

Sturm Ruger Seeks to Assure Holders Amid Gun Backlash

Image: Sturm Ruger Seeks to Assure Holders Amid Gun Backlash
© Arinahabich08 | Dreamstime.com

Tuesday, 13 March 2018 12:47 PM

Sturm Ruger addressed shareholder concerns in letter that defended the company’s commitment to firearms safety and calling gun violence a law enforcement issue.

The response comes after multiple companies severed ties with the NRA and retailers including Walmart and Dick’s Sporting Goods placed restrictions on gun sales in the wake of the Parkland school shooting.

The company doesn’t plan to discontinue the manufacture or sale of rifles designed to fire semi-automatically and supports the right of "law abiding citizens" to own them, while noting it doesn’t sell firearms directly to retailers or consumers.

Sturm Ruger doesn’t believe that its "lawful manufacture, distribution and sale" of firearms carries any financial risk.

© Copyright 2018 Bloomberg News. All rights reserved.

   
1Like our page
2Share
StreetTalk
Sturm Ruger addressed shareholder concerns in letter that defended the company’s commitment to firearms safety and calling gun violence a law enforcement issue.
sturm, ruger, backlash, investors, holders
110
2018-47-13
Tuesday, 13 March 2018 12:47 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved