WSJ say Freedom Group Going Public. Gun blogger quoted

The WSJ reports that Cerberus is putting together an IPO for The Freedom Group. It is not hard to see why they are choosing to do it now. S&W (SWHC) is up about 150% and Ruger (RGR) is up just under 100% since January

The WSJ reports tonight that Cerberus is preparing an initial public offering for Freedom Group, a little known company that it started in 2006 and has grown into a big player in the rifle industry.

The deal, of course, will prove to be a headline writer’s dream: (Cerberus Guns for IPO; Cerberus Aims to Take Freedom Group Public). It could also prove to be a profit machine for the private equity firm, as it cashes in on the growing market for guns and ammunition.

rgr basic chart for sturm ruger and co yahoo finance tfb tm WSJ say Freedom Group Going Public. Gun blogger quoted photo
Comparison chart from Yahoo

While I The Freedom Group is too powerful, much like Google in the tech industry, I would rather they were public than private.

The other big news is that the WSJ quoted Bitter, a well known gun blogger. Bitter blogs at Snowflakes in Hell and The Bitch Girls. Congrats bitter! Now the race is on to be the first gun blogger quoted in The Economist ;)

Bitter has written a post-WSJ post about the IPO.

Hat Tip: Sebastian @ Snowflakes in Hell

UPDATE: Ed Friedman has written an article about this.

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Steve Oct 20th 2009 news Tags: , , 2 Comments

2 Responses to “WSJ say Freedom Group Going Public. Gun blogger quoted”

  1. Chris K.on 21 Oct 2009 at 4:58 am link comment

    I don’t see FEDGOV, who is large stakeholder with Cerebus in Chrysler letting this go through smoothly.

  2. FatWhiteManon 09 Jan 2010 at 1:22 pm link comment

    “I don’t see FEDGOV, who is large stakeholder with Cerebus in Chrysler letting this go through smoothly.”

    I do. Got to get all the eggs into one basket.

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