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

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...

Shooter's father's company

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?  

Will they stop lending to stores with pressure cookers?

Public backlash? The only people I really heard talking about it were the media and politicians.

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



 

Dupe per OP