Bad example, perhaps, some will say that the difference is "doughnuts don't kill people, but guns do." But the point is clear; at least I hope it is.
Indeed, after the Newtown, Conn., tragedy, companies associated with guns saw their stocks fall precipitously. Cabela's (CAB - Get Report) shares fell about 20% between the beginning and middle of December, but have since risen 40%, and are once again near all-time highs.
The story is similar with Dicks Sporting Goods (DKS). Gun manufacturers, not surprisingly, were hit harder. Sturm, Ruger (RGR) shares fell about 33%, and have since gained back much of that ground. Smith & Wesson (SWHC - Get Report) shares fell nearly 30% and have since risen 27%.
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