THE STATEMENT BELOW BASICALLY SUMMARIZES AND REFLECTS THE RESULTS OF FORCED COOPERATION BY A ‘QUORUM’ OF SHAREHOLDERS IN 2018 FOR GUN MAKERS RUGER AND SMITH & WESSON BRANDS TO PRODUCE REPORTS ON VIOLENCE, RESEARCH AND MONITORING, THEREBY REFLECTING THE FOLLOWING RESULTS IN THEIR REPORT OF 2/18/2019.
The criminal misuse of firearms is a complex societal issue, resistant to solution through more laws or new technologies. We respectfully disagree with those who seek to blame firearms themselves – and by extension firearms manufacturers – for the violent actions of criminals. We believe that most Americans cherish their Second Amendment rights and desire better efforts to control criminal violence, not more laws that abridge the rights of law-abiding gun owners. Similarly, we do not believe that consumers are interested in buying expensive, technology-laden firearms with questionable durability and reliability.
The long-term viability of Ruger and its attractiveness as an investment to shareholders depends most critically on listening to and serving the interests of consumers. One need not delve very deeply into the history of our industry to find examples of companies that opted for a politically expedient course of action, only to discover that they so offended their core customers that they were barely able to survive. At Ruger, we strive to learn from the mistakes of others rather than condemn ourselves, and therefore our shareholders, to repeat them.
BAM. BAM AGAIN!
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