Lee Schafer: Minneapolis private equity firm decides that guns aren't worth the risk

  • Article by: LEE SCHAFER , Star Tribune
  • Updated: July 6, 2013 - 10:03 PM

The December 2012 shooting deaths of 20 children and six staff members at Sandy Hook Elementary School in Newtown, Conn., shocked the nation.

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MN's loneliest REPJul. 6, 13 2:27 PM

I'm going to check my investments and make sure I don't own any NEP. This was a shameless attack on firearms manufacturers. Shame on you Lee for trying to sway people's perspective on gun makers. Not sure, but last time I checked, it's the idiot behind the gun who pulls the trigger, not the gun. By your way of thinking, we should all drop Home Depot as an investment. They sell shovels...and shovels kill people if you womp someone on the head with it.

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LicoriceJul. 6, 13 9:44 PM

"Shovels kill people if you womp someone on the head with it." Sure, but that is not the intended purpose of a shovel, while killing is the intended purpose of a gun. Not everybody wants to invest in instruments of death.

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DufferHJul. 6, 1311:54 PM

The firm made a financial decision, which may turn out to be ill advised, and now claims it was a moral decision. I'm not buying it.

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MN's loneliest REPJul. 7, 13 4:32 AM

Licorice....I get your point. And it's a good one. But in the end, there is only one thing that stops a bad guy with a gun (or a shovel). And that's a good guy with a gun. All the solutions after Sandy Hook are aimed at taking the firearms from the 'good guys'. We do that, and we have fundamentally changed this country in a way that is not aligned with what our founders wanted. I get that times change, but taking away your ability to defend yourself is something many Americans won't let happen.

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shushyn78Jul. 7, 13 7:19 AM

Comments insinuating the bolt action should be under scrutiny too is exactly why there is a buying frenzy since Newtown. And why gun owners don't trust the politicians. They ARE looking at everything.

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mplsjoejoJul. 7, 1310:31 AM

Wow is this guy full of marketing. Ok so he made a whole lot of money on the investment for his firm, than in a highly lucrative deal with ATK sold the firms ownership for way more than the initial investment. Than after making this purely business deal, he decided to make a good PR pitch on the dead children of Newton, by using the sale as a marketing ploy. Shame on him, shame on his firm. This is just purely disgusting. When will people have enough of the politicians and business opportunists exploiting tragedy for their own personal gain?

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squeezemeJul. 7, 13 1:07 PM

Did they disgorge themselves of the profits made from these so-called "unethical" investments? Or at least the portion of their fees that was generated by increases in the values of these stocks? I didn't think so. Could this be nothing more than a PR stunt in a crowded and always getting more crowded field of money managers?

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GailKLJul. 7, 13 4:13 PM

Not everyone loves guns, and that is ok. Those of you who do love guns are free to invest in the weapons industry, and that is ok. I would not choose that way to make money. And that is ok.

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larrymickJul. 9, 13 4:03 PM

MN's loneliest REP - don't worry about owning any NEP. It's a private equity firm.

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