Smith&Wesson vs. Walmart. Guess Who Wins?

I Last week I promised to cut down on writing columns and already did a column this week, but a story out of Delaware caught my eye today and I just need to respond. The story, in a Delaware news website, is based on an interview with some Delaware residents who represent the gun ‘rights’ gang, and of course are extremely disappointed that Walmart has decided to stop selling handgun and assault-rifle ammunition because, after all, keeping a good supply of self-defense ammo around is just as important as making sure that your house gets clean water from the tap.

The problem for these pro-gun guys, of course, is that maybe they don’t need to get a latte at Starbucks or Panera, but there really isn’t anyone who can afford to boycott Walmart when it comes to buying the things we really need. And this creates something of a dilemma for Gun-nut Nation because the only way they can really express their anger or disappointment when a retailer says ‘no’ to guns, is to say ‘no’ right back and take their business somewhere else.

But the comment that really caught my attention was from Jeff Hague, who is identified as President of the Delaware Sportsman’s Association who said this: “It’s a shame (Walmart) made such a bad business decision based on a political issue.” And then he added this line: “I’m just glad I’m not a stockholder.”

That statement about not wanting to own Walmart stock may not be the statement which is furthest from reality in the gun debate this year, but it’s close. And to show you how desperate Gun-nut Nation has become in their efforts to craft a narrative that will bring them back to even with the other side, what Jeff Hague should do is pretend he owns Walmart stock and has decided to sell it so that he can buy stock in Smith&Wesson, just to show that he will put his money where his mouth is when it comes to guns.

Ready? Three years ago, Walmart stock was selling for roughly $70 bucks a share. Yesterday it closed at $115. Three years ago S&W shares were going for $26 a share, yesterday they closed under $6. And Jeff Hague says he’s ‘glad’ he doesn’t own Walmart stock? Does this guy live on the same planet that I live on?

See you next week.

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