CNBC’s Fast Money show talks to Michael Golden, CEO of Smith & Wesson, about the gun market and how S&W is faring.

He says that the gun market is cooling but S&W’s M&P rifles and tactical rifles are selling well. I do not dispute that S&W is doing well, but I find it hard to believe S&W, or Ruger, will be able to maintain their current stock prices. Both stocks have more than doubled since February courtesy of the gun buying frenzy.

Golden mentions the M4 competition. I expect they will have sometime more interesting up their sleeve than the M&P4, a pretty standard direct gas impingement M4 clone, which the Military Times reported a while back that S&W would be entering.