It's simple business and marketing patterns. Their family are multi-millionaires and have buying power and places to put it. They bought at $5 a box and selling now at $40 a box. People are happy it is available too.
Is he a bad person for making 800% profits because he made smart investments? (while he can) It's free market capitalism, if you don't want it don't buy it. If it won't sell at a price the market will make it come down to the point people will pay. The people employ well over 100 people and sell motorcycles, ATV, boats, RV, guns, bows, and everything you can imagine that goes with them. Diversification and smart planning will see them through this situation. They have a heck of an overhead but own all the buildings and most of the stock free and clear. Oh they go borrow a million or so on occasion for cash flow or a volume buy but they have the power to pay it back too. I went to High School with the owner.
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more info on the ammo shortage
- gary reeder, 2020-12-18, 22:51
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Great information. (nm)
- SPB, 2020-12-19, 07:14
- And from Hornady. - Mark, 2020-12-19, 08:11
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I can understand his frustration. There is a sales rep...
- Huey, 2020-12-19, 05:51
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somebody needs to turn his ass in to the company he
- Gary Reeder, 2020-12-19, 10:17
- Yeah, it's a she... But, I do agree... (nm) - Huey, 2020-12-19, 10:25
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My LGS is no fool, he bought a warehouse full while cheap
- WB, 2020-12-19, 08:02
- It is a free market that we live in (for now)... - Huey, 2020-12-19, 12:35
- My $.02 if you buy a commodity as an investment - Blake, 2020-12-19, 12:20
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if he is selling the product at rip off prices then yes, he
- Gary Reeder, 2020-12-19, 10:20
- It's market price, don't want folks re-selling - WB, 2020-12-19, 11:08
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somebody needs to turn his ass in to the company he
- Gary Reeder, 2020-12-19, 10:17
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Great information. (nm)
- SPB, 2020-12-19, 07:14