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9/17/2020 5:59:48 PM
Posted: 4/24/2013 11:54:05 AM EDT
GE Capital (GE +2.5%) cuts off lending to gun shops in response to public backlash since the Sandy Hook shootings. Though the company isn't the first financial firm to back away from involvement with the gun industry, the development puts the spotlight back on sellers such as Dick's Sporting Goods (DKS -0.4%), Wal-Mart (WMT -1.2%), and Cabela's (CAB +0.9%) which could see more foot traffic. It's also of interest to gun manufacturers Smith & Wesson (SWHC +0.8%) and Sturn Ruger (RGR -0.8%) - wallowing around with relatively low P-E ratios with future demand tough to forecast.

http://seekingalpha.com/currents/post/964971?source=email_rt_mc_readmore


TXL
Link Posted: 4/24/2013 12:00:49 PM EDT
Also here: http://www.ar15.com/forums/t_1_5/1475250_GE_Capital_cuts_off_lending_to_Gunshops.html

Don't think it's a dupe though, cuz that one references a wall st journal article...
Link Posted: 4/24/2013 12:02:07 PM EDT
Originally Posted By TxLewis:
GE Capital (GE +2.5%) cuts off lending to gun shops in response to public backlash since the Sandy Hook shootings. Though the company isn't the first financial firm to back away from involvement with the gun industry, the development puts the spotlight back on sellers such as Dick's Sporting Goods (DKS -0.4%), Wal-Mart (WMT -1.2%), and Cabela's (CAB +0.9%) which could see more foot traffic. It's also of interest to gun manufacturers Smith & Wesson (SWHC +0.8%) and Sturn Ruger (RGR -0.8%) - wallowing around with relatively low P-E ratios with future demand tough to forecast.

http://seekingalpha.com/currents/post/964971?source=email_rt_mc_readmore


TXL


Shooter's father's company
Link Posted: 4/24/2013 12:05:33 PM EDT
GE Capital handles the financing for Bud's.  Guess that's kaput now.
Link Posted: 4/24/2013 2:06:16 PM EDT
[Last Edit: 4/24/2013 2:06:36 PM EDT by skidman]
Originally Posted By Thachman:
GE Capital handles the financing for Bud's.  Guess that's kaput now.


They also handle it for Vance's in Columbus, and Buckeye Outdoors in Hebron... I have their card and I enjoy the 6 months same as cash option.   Doe's this mean that it's gone?  
Link Posted: 4/24/2013 2:30:56 PM EDT
Will they stop lending to stores with pressure cookers?
Link Posted: 4/24/2013 2:32:50 PM EDT
Public backlash? The only people I really heard talking about it were the media and politicians.
Link Posted: 4/24/2013 2:46:58 PM EDT



Originally Posted By skidman:



Originally Posted By Thachman:

GE Capital handles the financing for Bud's.  Guess that's kaput now.




They also handle it for Vance's in Columbus, and Buckeye Outdoors in Hebron... I have their card and I enjoy the 6 months same as cash option.   Doe's this mean that it's gone?  


They back Wal-Mart's credit card.  Which is odd, since Wal-Mart has its own bank.



 
Link Posted: 4/25/2013 9:08:39 AM EDT
Link Posted: 4/25/2013 9:08:47 AM EDT
[Last Edit: 4/25/2013 9:08:47 AM EDT by Tango7]
Dupe per OP
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