Fear of new regulations keeping gun stores busy
Fri, 08 Mar 2013 21:19:16 GMT —
The expectation that the Obama Administration will push for stricter gun safety legislation has kept gun shops here and across the country busy.
The Armory in Traverse City has been selling large amounts of ammunition. They say ammunition is flying off the shelves within hours of being stocked.
The company, which is the nation's second biggest publicly traded gun company said it earned $17.5 million in the last quarter, up from $5.4 million in the same period last year.
The price of guns and ammunition has also risen in the last couple months but store owners say that is not slowing down customers.
Many gun owners are not supportive of new laws that could restrict the sale of ammunition and guns.