SIGforum
Bank/Ruger/NRA threat
April 25, 2018, 01:03 PM
signewtBank/Ruger/NRA threat
I don't think this is click bait, and didn't see posted elsewhere:
https://bearingarms.com/tom-k/...s-ruger-nra-support/If you don't want to read it, you can pretty well guess what the theme is.
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April 25, 2018, 01:07 PM
downtownvIt would seem Ruger would be welcomed by many other banks...
"Amalgamated Bank said it will pull investments from Sturm, Ruger & Company and withhold support for an board member if the gun maker fails to adopt new corporate policies and cut ties with the National Rifle Association. The bank’s chief executive Keith Mestrich described Ruger’s relationship with the NRA as “short-termism” in their resistance to new gun laws."
Piss on Amalgamated Bank.
April 25, 2018, 01:10 PM
Sgt NeutronThe story is also on USA Today. Here's info on Amalgamated Bank:
https://en.wikipedia.org/wiki/Amalgamated_BankFounded on April 14, 1923, by the Amalgamated Clothing Workers of America, Amalgamated Bank is the largest union-owned bank and one of the only unionized banks in the United States. Amalgamated Bank is currently majority-owned by Workers United, an SEIU Affiliate.A rare Leftist bank.
April 25, 2018, 01:20 PM
esdunbarquote:
an SEIU Affiliate.
lol I've seen enough. Libs being libs.
April 25, 2018, 01:25 PM
Lord VaalicThere are lessons in all of this lib bullshit.
They are willing to lose money, whatever it takes to advance their agenda. Can the GOP say anything like that?
They fight and fight and fight just to move things another click to the left. And they are successful, the DNC of today would have been branded Commie traitors 40 years ago, now they embrace it.
The right should be just as implacable.
Don't weep for the stupid, or you will be crying all day April 25, 2018, 01:44 PM
lkdr1989Shades of Operation Chokehold.
...let him who has no sword sell his robe and buy one. Luke 22:35-36 NAV
"Behold, I send you out as sheep in the midst of wolves; so be shrewd as serpents and innocent as doves." Matthew 10:16 NASV April 25, 2018, 01:56 PM
bigdealAnd there you have it. What the left cannot get via public opinion or legislation, they'll attempt to get through corporate extortion. This garbage functions exactly like the mafia, and should be treated as such.
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Guns are awesome because they shoot solid lead freedom. Every man should have several guns. And several dogs, because a man with a cat is a woman. Kurt Schlichter
April 25, 2018, 01:58 PM
stoic-onequote:
Originally posted by Sgt Neutron:
...an SEIU Affiliate.
Say no more
April 25, 2018, 02:01 PM
jljonesThis will be interesting to watch to see if Ruger caves.
My bet is that they just might. They have been one foot in on the EBR market, just like ol’ Bill said we little people didn’t “need” them.
Depending on how leveraged they are for cash, will depend on how they react.
April 25, 2018, 02:11 PM
smlsigFrom the article:
Luckily, Amalgamated probably doesn’t have the juice it’s pretending it does. Amalgamated isn’t listed as one of the top-20 investors in the company, which means any impact it makes is likely fairly minimal. While it’s possible it will pick up more shares to increase its ability to pressure the company, it’s unlikely it’ll do so sufficiently to really have much sway.
In fact, I wonder just how many shares of Ruger it owns, anyway. After all, based on its corporate culture–it’s the largest union-owned bank in the country–and how most of its notable clients are progressive/liberal entities, I’d be surprised to see it having owned many gun stocks prior to Parkland.
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It's just a PR stunt..
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Eddie
Our Founding Fathers were men who understood that the right thing is not necessarily the written thing. -kkina
April 25, 2018, 03:38 PM
esdunbarquote:
Originally posted by jljones:
This will be interesting to watch to see if Ruger caves.
My bet is that they just might. They have been one foot in on the EBR market, just like ol’ Bill said we little people didn’t “need” them.
Depending on how leveraged they are for cash, will depend on how they react.
If they cave, I'm starting up a shop putting out 10/22's and 22/45's under my own label.
Those are the Ruger staples that the gun buying community would miss when we burry Ruger. Other than those two guns, I'll happily banish them if they do. I'll make a killing being the alternative to them.
April 25, 2018, 04:07 PM
pony220Please include the Mini-14.
April 25, 2018, 04:11 PM
GraniteguyAmalgamated is completely irrelevant. Ruger does not require them as investors. Make a preemptive move and buy back their shares while showing them the door.
If Ruger folds, they will be in a lot of trouble given how competitive the firearms market is right now.
April 25, 2018, 04:17 PM
Rey HRHWhat’s a “bank” doing investing in a stock market??? I don’t get it. As someone pointed out they’re not even in the top 20, let them sell their shares then.
"It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946.
April 25, 2018, 04:21 PM
grecoUnbelievable. And to conform to the antics of Everytown on top of that. What a phenomenal amount of guts this takes. If Ruger folds for this type of bullying they need to close their doors. I’m sure there are other sources to conduct business with. What a crock of shit. If you don’t go along with our socialist agenda we will try to harm you. I am surprised the unions back this kind of shit. It would mostly hurt the workers. Would the UAW stand for this?
Never be more than one step away from your sword-Old Greek Wisdom April 25, 2018, 04:53 PM
Stormquote:
Originally posted by smlsig:
From the article:
Luckily, Amalgamated probably doesn’t have the juice it’s pretending it does. Amalgamated isn’t listed as one of the top-20 investors in the company, which means any impact it makes is likely fairly minimal. While it’s possible it will pick up more shares to increase its ability to pressure the company, it’s unlikely it’ll do so sufficiently to really have much sway.
In fact, I wonder just how many shares of Ruger it owns, anyway. After all, based on its corporate culture–it’s the largest union-owned bank in the country–and how most of its notable clients are progressive/liberal entities, I’d be surprised to see it having owned many gun stocks prior to Parkland.
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It's just a PR stunt..
From this
USA Today Article, they only have 7,500 shares of Sturm Ruger stock. The total number of shares, calculated from
here is 17,423,627. Which means Amalgamated Bank owns 0.043% of Ruger's stock. They got no game.
ETA: Even if that number (7,500) is off by 2 orders of magnitude (100), they's still only have 4.3% of Ruger Stock, hardly enough to make a dent.
quote:
USA Today:
f the demands are not enacted by May 4, Amalgamated Bank, which owns an estimated 7,500 shares in Sturm, Ruger, said it will “withhold support from Froman’s re-election as director” at the gun maker’s May 9 board meeting.
Loyalty Above All Else, Except Honor
ΜΟΛΩΝ ΛΑΒΕ April 25, 2018, 05:08 PM
nighthawkAll they have to do is look at yeti, to see what gun owners think of messing with the Second Ammendent, and the gun grabbing left.
"Hold my beer.....Watch this".
April 25, 2018, 10:01 PM
coloradohunter44quote:
Originally posted by esdunbar:
quote:
Originally posted by jljones:
This will be interesting to watch to see if Ruger caves.
My bet is that they just might. They have been one foot in on the EBR market, just like ol’ Bill said we little people didn’t “need” them.
Depending on how leveraged they are for cash, will depend on how they react.
If they cave, I'm starting up a shop putting out 10/22's and 22/45's under my own label.
Those are the Ruger staples that the gun buying community would miss when we burry Ruger. Other than those two guns, I'll happily banish them if they do. I'll make a killing being the alternative to them.
I love their number one’s as well.
"Someday I hope to be half the man my bird-dog thinks I am."
looking forward to 4 years of TRUMP!
April 25, 2018, 10:24 PM
mr kablammoAlthough he might be doing the right thing for an unrelated reason it is probable that there is an homeless guy pissing on the bank in Union Sq, NYC.
"It is only with the heart that one can see rightly; what is essential is invisible to the eye". The Little Prince, Antoine de Saint-Exupery, pilot and author, lost on mission, July 1944, Med Theatre.
April 26, 2018, 01:51 AM
StayFrostyWhen it comes to making money, put personal principals aside and make sound investments. The average person is incapable of comprehending the top 3 factors, let alone all of them to keep the bottom line in the black vs. in the red.
Any bank/organization that wants to pander to the anti-gun crowd are only going to realize their position is going to weaken their bottom line while their competitors get an advantage on them. That's the beauty of capitalism.