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Originally Posted by nativenyerintexas
With the SR9 recall and then this one, you have to wonder how much longer Ruger will be in business. This must be costing them and arm and a leg... not to mention the future lack of trust from the public. Two new firearms came out in the past year and both have recalls issued on them... not a good percentage there.
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Well, I sold my LCP and bought a much better mouse gun in a Kahr PM9, but Ruger is certainly not going to go out of business over the semi-auto pistol issues they have had recently. Ruger is a strong company and the semi-auto sales are certainly not what keeps them afloat. While overall sales are down around 8% from last year, rifle and revolver sales are as strong as ever.
From my review of the Ruger quarterly (July 2008) financial sheet I found that the recall of the SR9 is costing Ruger around 1.3 million per quarter. Ruger does around 160 million in sales per year. It certainly hurts with the LCP recall, but its not going to do them in either. They do need to fix these manufacturing related issues or they will face problems in the future as consumer confidence errodes and future sales of firearms suffers.
Here is some interesting financial data. It shows profits/earnings are down but they are still making a small profit (less than 1% profit margin) but hey its better than the auto companies!
http://moneycentral.msn.com/investor...on&OCID=iSEMPI
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When I leave the home port:
S&W 642 Airweight, Ruger SP 101, Colt Detective Spec., CZ RAMI, Springfield XD 9mm, Kahr PM9, Kahr CW40, S&W Model 10-7, Glock 19, Glock 26, Browning Hi Power, CZ82, Colt Commander
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