(GunReports.com) — Bill Gunderson, investment advisor at SeekingAlpha.com, is bullish on Sturm Ruger stock. He wrote:
“Scared investors have been flocking to gold as our economy, political system, and financial system continue in turmoil. It seems that every other commercial these days on TV or radio is a gold commercial. Gold is not the only investment that is currently seeing panic-like buying, however.
“Sturm, Ruger (RGR) has been hitting new highs for the last several years. This guns and ammunition stock has outperformed gold by a wide margin, and it currently is not as crowded and as highly publicized as the gold trade.
“Consider the following facts. Sturm, Ruger has outperformed Gold over the last 1 month, 3 months, 6 months, 12 months, 3 years, and 5 years! Here is a screenshot that shows the performance of the stock vs. the S&P 500 over these same time periods:
“It is also important to note that Sturm, Ruger was even up in 2008, when the market was down 38.5%.”
Click here to read the entire story at SeekingAlpha.com.