Why the Bushmaster sale is important — even if self-interested

shortformblog:

jizzed-in-your-pants says: Before we anoint these guys heroes, is it a huge harbinger? Or are they just simply doing what they do and selling high while they can as they know Bushmaster will come under a lot of heat for the tragedy. I smell spin here… they are taking the money and running away.

» SFB says: A gun company just became an asset too toxic for an equity firm to touch, so they had to sell it to cut their losses. I don’t think anyone’s calling them heroes—rather, this is a sign that the controversy is so loud that it required a business response from the gun industry. That seems worthy of noting, because it’s so rare that a shooting has that kind of effect. — Ernie @ SFB

I stand by my idea of the relatives of the massacre victims of the past year suing the gun manufacturers. You’d see a lot more financial institutions dumping stock then as well as the gun lobby weakened.

Source: shortformblog