By logical deduction, outdoor products retailer Sportsman’s Warehouse (SPWH) seems an incredibly risky investment, one that runs counter to common sense. First and foremost, Sportsman’s carries an awfully controversial profile. As one of the top sellers of firearms, SPWH stock will always be anathema to many conscientious investors. Critically, the tragic rise in gun violence inherently clashes against general sensibilities.
Nevertheless, another aspect to the controversial matter exists and that comes down to pure economics. As I pointed out two months ago, the firearms industry employs hundreds of thousands of people. It’s not just about the 153,414 direct jobs that the sector supports. Rather, the entire value chain helps indirectly put food on the table for many hard-working families.
