DAC Technologies Group International, Inc (DAAT)

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13:39 Cabela's: September FBI background checks for firearm suggest strong demand for firearms - Feltl & Co. (13.10 +0.38)

Feltl & Co. notes that FBI background checks in September were higher than expected, leading the firm to believe that demand for firearms has remained high through the fall. The firm had expected slightly lower results due to channel checks at Cabela's stores and competitors as they thought the fall demand for firearms had not picked up substantially. However, the firm is encouraged by the strong year-over-year growth and the stable sequential improvement in background checks. In addition, the firm thinks the lead-up to hunting season has been strong with continued demand for firearms from political fear.