At what point do people have the right to defend themselves

  • Subscribe to our RSS feed.
  • Twitter
  • StumbleUpon
  • Reddit
  • Facebook
  • Digg

Wednesday, July 23, 2014

Fortune Magazine completely mangles story on gun sales "declining"

Posted on 12:24 AM by kitkat boom
Fortune magazine's Laura Lorenzetti makes a lot of logical mistakes in her "news" article here.
It looks like Americans may be buying fewer guns this year. 
Smith & Wesson  SWHC , the 162-year-old gunmaker, lowered its guidance for the quarter and rest of the year, even as it reported better than expected sales in its fiscal fourth quarter that ended Apr. 30. Shares of Smith & Wesson’s stock had dropped nearly 9% by the close of trading Friday following the announcement. 
The company reported sales of $170 million in its fourth quarter, higher than the average analyst estimate of about $164 million, according to data compiled by Bloomberg. Revenue was almost 5% less than the year-earlier quarter. . . . 
The once high-selling gun industry may be facing a comedown as incidents of gun violence have soared this year. There has been an average of almost one school shooting every week for the past year and a half, the Washington Post reported earlier this month. . . .
Does reporter Laura Lorenzetti have any idea how inaccurate the Bloomberg claim is that there was one school shooting every week for the last year and a half?  The claim that increased gun violence is responsible for a drop in sales makes many errors.  Does a sales drop for Smith & Wesson imply an overall drop in gun sales?  No.

So what do the NICS checks numbers show on gun sales (click on screenshot to enlarge it)?  NICS checks are not a perfect measure of gun sales, but it is hard to see how its biases have changed in a systematic way this past year.

With the exception of background checks in January and February, 2014's background checks exceed those in 2013 and they are well ahead of those in 2012 for all months.  Fortune incredibly fails to even mention the explosion of gun sales right after Newtown and President Obama's re-election.  Does anyone believe that January and February sales in 2013 were normal sales to make comparisons with?  Even if Smith & Wesson's sales might be down for the last quarter, sales for the entire industry during the April through June quarter look like they are still higher than 2013.  How the Fortune reporter can spin a discussion from one gun maker into a general commentary on the entire gun industry is pretty disappointing.
Email ThisBlogThis!Share to XShare to Facebook
Posted in GunControl, mediabias, Newtown Attack, ObamaGunControl | No comments
Newer Post Older Post Home

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • While Democrats are outraged about the Koch brothers spending $30 million so far on campaigns, Tom Steyer pledges $100 million to back Democrats on Global Warming
    While Harry Reid keeps going to the floor of the Senate to denounce the Koch brothers, the  Kochs were notable donors to Democrats up to 201...
  • Piketty's book contained data errors that completely drove his results
    UPDATE :  Piketty is being accused of deliberately lying about his data to get the results that he wants. Piketty altered U.K. data to show...
  • Obama administration caught withholding unflattering data on Obamacare, Sebelius claim that "we don't collect" that data is a lie
    This is hardly surprising, but the fact that the Obama administration is consciously withholding data that would hurt their case should be m...
  • The subsidy for students going to state colleges keeps going up and up
    Click on figure to enlarge it. A lot is being made about the fact that students at public universities are covering a greater percentage of ...
  • Push for vote fraud in Louisiana: Democratic mayor urges voters to vote twice and assures them that the Democratic District Attorney will protect them from criminal charges
    For a second I thought that these statements might have been made as a joke, but it is pretty clear that it wasn't a joke, particularly ...
  • For Coast-to-Coast AM listeners: information on "Dumbing Down the Courts"
    Reviews and debates on my book Dumbing Down the Courts is available here .
  • With riots still going on in Ferguson, the New York Times publishes Darren Wilson's address
    From Howard Kurtz over at Fox News: The New York Times, whether consciously or not, has just endangered Darren Wilson’s life.   With tension...
  • Armed smash and grab cell phone thieves stopped by armed employee
    St. Louis has been plagued for years by armed robbers who break into cell phone stores and steal all the cell phones that they can grab. An ...
  • Gun control advocates attack American Hero Chris Kyle
    What could possibly justify these vicious comments?  Will gun control advocates keep this movie from "the Oscar spotlight"?  From ...
  • Papa John's lets pizza delivery woman who shot armed robber keep her job, Police: "She had no other choice"
    As the police say, the pizza delivery woman "had no other choice" and she would have been in real danger if she hadn't had her...

Categories

  • 2010election
  • 2012election
  • 2014elections
  • 2016 election
  • 3D Printed Gun
  • absurd gun law
  • Academia
  • accidentaldeaths
  • AffirmativeAction
  • APgate
  • appearances
  • apple
  • assaultweaponsban
  • At the Brink
  • Athletes
  • Australia
  • background checks
  • BATF
  • Benghazi
  • Bergdahl
  • Bitcoin
  • Blacks Concealed Carry
  • Bloomberg
  • Bob Costas
  • brokenpromisesobama
  • Brookings Institution
  • Bruce Braley
  • CampaignFinanceRegulation
  • Canada
  • cancer
  • CastleLaw
  • Chicago
  • china
  • CNN
  • communism
  • ConcealedCarry
  • corporations
  • Corruption
  • Crime
  • Crime Prevention Research Center
  • DC
  • de Blasio
  • Death
  • DeathPenalty
  • defensive gun use by child
  • DefensiveGunUse
  • DefensiveGunUse1
  • Democrats
  • demonizingrepublicans
  • Dinesh D'Souza
  • drones
  • druggangs
  • drugs
  • Dumbing Down the Courts
  • Economics
  • Economy
  • education
  • electric cars
  • Environment
  • EPA
  • EPAgate
  • EricHolder
  • EU
  • FDA
  • FirstAmendment
  • Frank Miniter
  • Fraud
  • Fun
  • Gabrielle Giffords
  • Gary Becker
  • GDP
  • george zimmerman
  • GlobalWarming
  • Google
  • Government
  • governmentcontrol
  • governmentwaste
  • Gun Control Poll
  • gunban
  • gunconfiscation
  • GunControl
  • GunFreeZone
  • gunlocks
  • gunownershiprate
  • Guns
  • Guns in Media
  • harryreid
  • Health
  • healthcare
  • Hillary Clinton Corruption
  • Hillary Clinton Gun Control
  • Hillary Clinton Mistakes
  • HillaryClinton
  • homosexualmarriage
  • hypocrisy of gun control advocates
  • IllegalAliens
  • income tax
  • insidertrading
  • IRSgate
  • James O'Keefe
  • JimSteyer
  • JoeBiden
  • John Walsh
  • Jonathan Gruber
  • Ken Rogoff
  • Knife
  • lead
  • Leland Yee
  • MaximLott
  • Mayors Against Illegal Guns
  • Media
  • media matters Lott
  • MediaAppearance
  • mediabias
  • mediamatters
  • mental illness gun control
  • Mexico
  • MGLCreviews
  • Michael Brown Ferguson Missouri
  • military
  • MinimumWage
  • Monopoly
  • multiple attackers
  • multiple defensive shots
  • multiplevictimcarattack
  • multiplevictimnongunattacks
  • multiplevictimpublicshooters
  • multiplevictimpublicshooters nonUS
  • newjersey
  • Newtown Attack
  • NICS
  • NSAgate
  • nullification
  • numberpermits
  • Obama
  • Obama Foreign Policy
  • Obama Waste
  • ObamaAdministration
  • obamacare
  • obamacare enrollment
  • ObamaCorruption
  • ObamaDishonest
  • obamadoesntunderstandeconomics
  • ObamaGunControl
  • obamajudicialappointments
  • obamalawless
  • obamaleftwing
  • ObamaMisstatement
  • Obamaprivacy
  • Obamatreatmentmedia
  • op-ed
  • OpenCarry
  • Other
  • Palin
  • PaulBegala
  • piersmorgan
  • Piketty
  • Police
  • Police Chief James Craig
  • police racism
  • Police State in US
  • PoliticalCorrectness
  • poll
  • postedgunfreezone
  • privacy
  • privatization
  • ProsecutorialAbuse
  • prostitution
  • pseudonym
  • Public Schools
  • racialdiscrimination
  • Radio
  • RahmEmanuel
  • redistricting
  • Regulation
  • religion
  • RickPerry
  • right-to-work
  • Russia
  • Santa Barbara Shooting
  • scandal
  • schoolsecurity
  • SecondAmendment
  • sexist
  • sexual harassment
  • SharylAttkisson
  • Sheriff David Clarke
  • smart gun technology
  • SmokingBan
  • socialism
  • Soros
  • sports
  • StateDepartmentgate
  • SteveLevitt
  • stimulus
  • StudentsforCConCampus
  • SupremeCourt
  • Talks
  • Taxes
  • Taylor Woolrich
  • technology undermining gov regulation
  • technologycausingcrime
  • technologysavinglives
  • technologysolvingcrime
  • television
  • Terrorism
  • thugishgovernment
  • Tina Fey
  • TomCorbett
  • transparency
  • TSA
  • UK
  • UN
  • unemployment
  • Unions
  • VAgate
  • VoteFraud
  • voting
  • waitingperiod
  • wealthtransfers
  • Wikipedia
  • womenssuffrage
  • womenversusmen
  • ZeroTolerance

Blog Archive

  • ►  2015 (13)
    • ►  January (13)
  • ▼  2014 (487)
    • ►  December (40)
    • ►  November (33)
    • ►  October (53)
    • ►  September (45)
    • ►  August (37)
    • ▼  July (42)
      • Tennessee up to 471,882 permits in July 2014, Mich...
      • A look at the types of things Lois Lerner called c...
      • Stunner: Three of the four women on "The View" sup...
      • Great speech by Congressman Thomas Massie: "Day 3 ...
      • My newest piece in the Philadelphia Inquirer: "Arm...
      • Median Household Income still much lower today tha...
      • Federal Judge Strikes Down DC's ban on concealed h...
      • Obama correctly insisted for years that he had abs...
      • Obamacare: Jonathan Gruber blatantly lying about w...
      • Fortunately, doctor with a gun critically wounded ...
      • Fortune Magazine completely mangles story on gun s...
      • Very amusing piece by Chris Friend on "Seeing red ...
      • East Tennessee family restaurant posts "Guns are W...
      • Obama uses Russia's actions in the Ukraine to ban ...
      • Follow up on Philadelphia mother who unintentional...
      • Newest piece at Fox News: "Chicago violence: The b...
      • Share of permits issued to women is soaring: Tenne...
      • House of Representatives passed a budget amendment...
      • Detroit Police Chief credits city's huge drop in v...
      • Young woman's life likely destroyed because of NJ'...
      • The Rolling Stone Interview: Michael Bloomberg say...
      • Is Apple where really controversial old Obama admi...
      • Could the writers of The Bill of Rights have antic...
      • New Tennessee law allows loaded guns in vehicles w...
      • Latest concealed carry permit numbers for Arizona
      • Estimated Second Quarter GDP growth implies that W...
      • Last year Government gave $100B to people likely n...
      • Jimmy Fallon makes a joke about Obama abusing exec...
      • Ann Coulter and Ted Nugent's reading level of thei...
      • Newest Fox News piece: "Mr. Obama, you can’t blame...
      • John Walsh vows to continue Piers Morgan's Gun-Con...
      • So can the bad winter storms during the first quar...
      • Newest piece at the Philadelphia Inquirer: "Soccer...
      • The "do nothing" US Senate, Harry Reid keeps prote...
      • Technological advances undermining another governm...
      • Our former Secretary of State, Hillary Clinton, do...
      • Review of Levitt and Dubner's "Think like a Freak"...
      • Concealed handgun permit holder stops stabbing and...
      • The media misleading about job growth: Full-time j...
      • Computers get better at English when they learn ot...
      • Do people lose their religious liberties when they...
      • Judge throws out Zimmerman defamation suit against...
    • ►  June (52)
    • ►  May (77)
    • ►  April (52)
    • ►  March (56)
Powered by Blogger.

About Me

kitkat boom
View my complete profile