Stock price when the opinion was issued
In 2008 when President Obama was first elected, there was a lot of talk about gun control. When gun companies reported year-end results and gave forward guidance in early March, stocks just took off to the upside because people stopped focusing on potential regulations and started focusing on the incredible demand growth. Gun permits, on a year-to-year basis, a realm over 80%. Reporting in about 2 weeks. Trading at roughly 6X EBITDA, despite high double digit sales.