This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Fireworks Sales Fizzle but Firearm Sales Sizzle

NEW YORK ( TheStreet) -- The Fourth of July has come and gone, but the sales of fireworks and the more expensive kind of publicly sold fireworks (Bottle-rockets, M-80s, and Cherry Bombs) were way down over last year.

Anecdotal stories from around the country abound. A Reuters article from July 3 with the headline "Fireworks Industry in the Biggest Slump since the Vietnam War" also caught my attention.

The article stated:

"As millions of Americans celebrate Independence Day on Wednesday, there are some whose holiday won't be going off with a bang. One of America's top fireworks firms said the industry, still suffering due to the nation's economic woes, is experiencing its toughest times since the Vietnam War era when the country was divided over such flashy displays of patriotism."

Those of us on the West Coast are hearing the same alarming news. There are all kinds of reasons proffered. Cuts in local governmental budgets, dry weather conditions and high fire dangers were some of the most persistent culprits mentioned.

Many also mentioned the nation's financial slump that is demonstrated by persistently high jobless conditions.

Yet, there is one industry involving gun powder and metals where the business has been off the chart and better than ever...especially since the presidential elections of 2008.

I'm referring to the firearms industry, the manufacturers of handguns and rifles. Sales are soaring year after year.

As recently as April 6, 2010, the National Shooting Sports Foundation had this to say including a most telling chart which illustrates the ongoing explosive growth of firearm sales:

"Those who have been tracking the sales of firearms recently will not be surprised at the accompanying chart, which shows the leading months for background checks based on the FBI's National Instant Criminal Background Check System. 

"All federally licensed firearms retailers must conduct a mandatory NICS check before completing the retail sale of any new or used firearm, making NCIS statistics a solid indicator of firearms sales."

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
RGR $50.23 0.00%
SWHC $13.15 0.00%
AAPL $123.25 0.00%
FB $83.30 0.00%
GOOG $548.34 0.00%


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs