At close of business Friday Ruger stock price was $38.43. The 52 week high was $48.21. I can see why Beretta would be interested. They pulled 5% of the NH workforce and left everything else alone. NH makes most, if not all, their revolvers. Given the forces at work against every company, the reduced demand for revolvers, and only one pistol competitive with Glock it’s understandable. Add to that an old design Mini 14, their version of the ubiquitous AR, and bolt action hunting rifles I can see why they came up with the next Red Label. Ruger might be a good buy especially if Beretta starts buying even more shares.
