Gun Makers on Watch as Assault Weapons Bil Headed to Senate (RGR) (SWHC)
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Price: $46.42 --0%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.4%
EPS Growth %: +7.4%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.4%
EPS Growth %: +7.4%
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Smith & Wesson (Nasdaq: SWHC), Olin Corp (NYSE: OLN), and Strum, Ruger (NYSE: RGR) are on watch again today following passage of a new assault weapons ban by a Senate Judiciary Committee.
The vote was 10-8 in favor of moving the bill along to the Senate floor, where it will face a tough fight against gun-rights advocates.
Sen. Dianne Feinstein (D-Ca.) said she knows the road is only uphill from here, but pressed colleagues for passage of the bill. She would probably need more support from President Obama, who made a gun ban part of his proposal to improve gun laws in the U.S. during a January news conference.
It seems unlikely that the bill would pass in the Republican-controlled Senate, with even some moderate Dems also expected to oppose the move.
The bill wouldn't prohibit those that already have the weapons from owning them, but would ban further sales of the rifles. In addition, it proposes a limit on large-capacity magazines that carry over 10 rounds of ammo.
Smith & Wesson and Strum, Ruger are lower on the session.
The vote was 10-8 in favor of moving the bill along to the Senate floor, where it will face a tough fight against gun-rights advocates.
Sen. Dianne Feinstein (D-Ca.) said she knows the road is only uphill from here, but pressed colleagues for passage of the bill. She would probably need more support from President Obama, who made a gun ban part of his proposal to improve gun laws in the U.S. during a January news conference.
It seems unlikely that the bill would pass in the Republican-controlled Senate, with even some moderate Dems also expected to oppose the move.
The bill wouldn't prohibit those that already have the weapons from owning them, but would ban further sales of the rifles. In addition, it proposes a limit on large-capacity magazines that carry over 10 rounds of ammo.
Smith & Wesson and Strum, Ruger are lower on the session.
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