Sunday, April 14, 2013

California pension fund to divest from gunmakers

I've mentioned this before how completely disingenuous this announcement is.  The stocks have peaked and it is now so convenient to say to everyone that "we're standing on principle!!" when in reality they are not.  this is the biggest pile of BS I've ever heard in my life.
Lockyer also sits on the board of the California Public Employees' Retirement System, the biggest U.S. public pension fund. Its investment committee voted in February to divest holdings in Sturm Ruger and Smith & Wesson in a move affecting about $5 million in investments.
Here are 5 year snapshots of Ruger and  Smith & Wesson:

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