Firearms Industry under fire?
Early Tuesday morning, Cerebus Capital Management announced that it would sell off its assets in Freedom Group, an American firearms company which owns companies such as Bushmaster and Remington Arms. According to sources, an official at the California teachers’ pension fund, which has $750 million invested with the private equity firm, was on the line raising questions about the firm’s ownership of the Freedom Group.” It is also known that the father of Cerebus Capital’s owner – Stephen A. Feinberg, lives in Newtown, Connecticut where the recent shootings occurred. Other companies such as Dick Sporting Goods has put a halt on selling semi-automatic weapons in 480 stores.
Given that, do you think the firearm regulations in this country will go down the road towards what the UK has in place?
Moreover, do you think any other investment firms/companies will follow suit?
Article
http://online.wsj.com/article/SB10001424127887324407504578186523224794006.html?mod=googlenews_wsj
I suspect dems will attempt to push more nonsensical/anti-liberty regulations. The furor will die down, I don't know why the pension plan would care, I mean do they refuse to invest in Boeing/Raytheon/Lorillard?
No, gun control doesn't make sense to politicians. It expends a lot of political capital with little chance of appeasing supporters. You have a massive enthusiasm gap. The average left wing blogger has little to no contact with guns in his daily life, while the people opposing gun control likely own guns.
That said, buying some assault rifles (although they aren't materially different from regular rifles) and storing them for resale might not be a bad investment.
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