Wednesday, November 12, 2008

Munitions companies rally as Obama spurs gun frenzy

VIENNA, Va., Nov 10, 2008 /PRNewswire-FirstCall via COMTEX/ -- The Allied Defense Group, Inc. (ADG:

allied defense group inc com ADG 6.28, -0.48, -7.1%) , a diversified international defense and security firm which: develops and produces conventional medium caliber ammunition marketed to defense departments worldwide; and designs, produces and markets sophisticated electronic security systems principally for North American markets, announces its third quarter 2008 financial results. http://www.marketwatch.com/news/story/The-Allied-Defense-Group-Announces/story.aspx?guid=%7BC9A90C3E-E68F-4FEB-8571-48AFD53F0EFB%7D


 

http://www.cnn.com/2008/CRIME/11/11/obama.gun.sales/ The owner of a gun shop in the Washington suburb of Manassas, Virginia, Conatser said sales have doubled or tripled since this time last year.

On Saturday, he said, he did as much business as he would normally do in a week.

"I have been in business for 12 years, and I was here for Y2K, September 11, Katrina," Conatser said, as a steady stream of customers browsed what remained of his stock. "And all of those were big events, and we did notice a spike in business, but nothing on the order of what we are seeing right now."