Yeah, I keep getting emails that NFA is shutting down their website, so not sure what that means for the company.
Did they get bought-out?
NSSF reports lowest gun sales numbers in nearly 6 years
Baby Boomers are ages ~64-79yrs, so not exactly big consumers of billet AR-15 receivers. There are a few out there, but nowhere near enough to drive demand from these companies.
Gen X are ages ~41-59yrs old, but are a much smaller generation than Boomers. Gen X, unlike our Boomer parents, are accustomed to hopping from job-to-job over the course of our working years, with questionable retirement and savings plans for the years around the corner. Gen X already faces age discrimination in the workforce.
Millennials at ages ~28-43yrs old are the next-largest cohort in history, so the primary drivers of consumption in the market. Older millennials have more income and employment status, as they largely followed what they were told to do with education and employment, whereas younger millennials tend to be less-employed and laden with student loan debt.
Gen Z have 58% unemployment rate, so this up-and-coming generation is really feeling shafted from an economics perspective, especially looking at income-to-housing access ratios. They get no participation trophies, and are significantly-different than their parents.
So as the former most consumption-based Boomer generation moves into nursing homes and their graves, the younger generations face a mix of success and serious headwinds economically, leaving less room for high-end firearms.
I suspect this is the driver in economy-based price points and products flooding the AR-15 and bolt gun markets over the past few years, with companies emphasizing cheaper materials and less processes, diminishing QC, offshore parts suppliers, and the inevitable shoddy workmanship that comes with skills gap and public-schooling in the lower-end manufacturing force.
What I expect to see is a series of mergers and acquisitions of many of the companies on the list, where the bigger outfits that have good business management skills and practices will swallow the smaller companies. The ones who advertise well with more modern methods and can fulfill orders with consistent product will dominate the market into the near future.