Guns Sold Out at Wal-Mart as Ammo-Magazine Sales Surge – Bloomberg 12-19-12

Salient to Investors:

In the wake of the school shootings in Newtown, prices for handgun magazines are surging on EBay and semi-automatic rifles are sold out at many Wal-Mart stores .

Wal-Mart said it would continue to sell guns, including rifles like the one used at Newtown. Dick’s Sporting Goods suspended sales of similar guns.

Five kinds of semi-automatic rifles were out of stock at Wal-Mart stores in five states.

Gun buyers have flooded other firearms retailers too. The Hyatt Gun Shop yesterday had its best single-day performance since it opened in 1959 – top of shoppers’ lists was the the model of rifle used at Newtown.

Read the full article at http://www.bloomberg.com/news/2012-12-19/guns-sold-out-at-wal-mart-as-ammo-surge-on-e-bay.html

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