Policy

Leider's Exit Leaves ATF's 34-Rule Package Without Its Architect

ATF Director Robert Cekada has accepted the resignation of Chief Counsel Robert Leider, whom The Reload calls the architect of the 34-rule package still in rulemaking. Gutowski still expects most of those rules to survive, so the likelier casualty is the work Leider never got on paper, including a looser "sporting purposes" test for gun imports that Gutowski's ATF sources said was weeks away in the spring. For importers, a deregulatory agenda that stops at what was already proposed is smaller than the one Leider sketched in 2024.

Business

PROOF Research Hires Across Every Line and Shift in Columbia Falls

PROOF Research has opened a 12,000-square-foot annex in Columbia Falls, Mont., and is hiring across all lines and shifts with about 150 people on payroll, the Daily Inter Lake reports. Hamilton built the case for the building around U.S. government work, which suggests the carbon-wrapped hunting rifle is becoming the showroom for a defense composites business rather than the business itself. Dealers should read the hiring as confidence in contracts, not as a promise of more rifles on their shelves.

Public companies / Previous close
RGR Sturm Ruger 43.38 +0.44 (+1.02%)SWBI S&W Brands 14.14 -0.02 (-0.14%)OLN Olin Corp 15.65 +0.10 (+0.64%)POWW Ammo Inc 2.18 +0.03 (+1.40%)NPK National Presto 149.05 +1.70 (+1.15%)AOUT American Outdoor 18.06 +0.30 (+1.69%)ESCA Escalade Inc 18.49 -0.21 (-1.12%)JOUT Johnson Outdoors 43.44 +0.03 (+0.07%)SPWH Sportsman's WH 1.05 -0.04 (-3.67%)ASO Academy Sports 58.63 +0.16 (+0.27%)DKS Dick's Sporting 144.35 +3.51 (+2.49%)GRMN Garmin Ltd 284.79 -0.43 (-0.15%)YETI YETI Holdings 43.07 +1.05 (+2.50%)BC Brunswick 64.37 -1.26 (-1.92%)HZO MarineMax 52.37 +0.02 (+0.04%)MBUU Malibu Boats 22.26 -0.42 (-1.85%)MCFT MasterCraft 19.64 -0.29 (-1.46%)PII Polaris 52.15 -1.34 (-2.51%)CDRE Cadre Holdings 26.38 +0.46 (+1.77%)CODI Compass Divers. 10.01 -0.61 (-5.74%)
RGR Sturm Ruger 43.38 +0.44 (+1.02%)SWBI S&W Brands 14.14 -0.02 (-0.14%)OLN Olin Corp 15.65 +0.10 (+0.64%)POWW Ammo Inc 2.18 +0.03 (+1.40%)NPK National Presto 149.05 +1.70 (+1.15%)AOUT American Outdoor 18.06 +0.30 (+1.69%)ESCA Escalade Inc 18.49 -0.21 (-1.12%)JOUT Johnson Outdoors 43.44 +0.03 (+0.07%)SPWH Sportsman's WH 1.05 -0.04 (-3.67%)ASO Academy Sports 58.63 +0.16 (+0.27%)DKS Dick's Sporting 144.35 +3.51 (+2.49%)GRMN Garmin Ltd 284.79 -0.43 (-0.15%)YETI YETI Holdings 43.07 +1.05 (+2.50%)BC Brunswick 64.37 -1.26 (-1.92%)HZO MarineMax 52.37 +0.02 (+0.04%)MBUU Malibu Boats 22.26 -0.42 (-1.85%)MCFT MasterCraft 19.64 -0.29 (-1.46%)PII Polaris 52.15 -1.34 (-2.51%)CDRE Cadre Holdings 26.38 +0.46 (+1.77%)CODI Compass Divers. 10.01 -0.61 (-5.74%)
PREVIOUS CLOSE / LATEST AVAILABLE EOD • AS OF 2026-10-16For informational purposes only. Not investment advice.

THE SIGNAL STACK

Business

Forum Buyers Weigh Micro-Compacts, Heritage Revolvers and Meopta Against Swarovski

This week's field chatter came from buyers sizing up what they carry and what they look through. The High Road's "Is there a reason to own full size pistols anymore?" reached 161 replies and 2,572 views by Sunday morning, and 65 different members posted in it since Oct. 25 by Glassing's own count of authors on the public pages, the most of any thread checked this week. The opening post says "the proliferation of the .380 micro pistols and P365 type 9mms cannot be denied," and one reply put the sales point plainly: "the reality is more people are buying the smaller pistol and not the larger one." Owners still defending 1911s and Glock 17-size guns argued shootability, while those who carry concealed every day kept choosing the smaller gun.

Smith & Wesson's reissued Model 1917 Classic and Model 22 Classic revolvers drew their own crowd on the same board, with 93 replies and 1,374 views from 43 posters in four days by the same count. Early replies ran "I'm on board for both!!!" and reloaders welcomed the Model 22's .45 ACP and .45 Colt chambering as "Two new calibers to reload and cast for." The pushback was about compromise, not interest, with one poster saying a dual-cartridge revolver carries "too many compromises" and another saying he is "more of a Colt guy in general."

On AfricaHunting, a thread that opened with a chatbot's claim that Meopta's top glass comes close to Swarovski turned into a test of what hunters can actually see. "My eyes aren't good enough to pick the difference between even mid range and top range meopta let alone any grade swaro," one poster wrote, adding that his MeoPro 3.5-10x44 "does everything I need without the high price range." Others questioned AI answers and reviewers who might be paid.

Read together, the threads show buyers sorting what they will pay for: the gun they carry every day, the revolver with a story they already know, and glass good enough for their own eyes. Forum talk is not sales data, but for makers setting 2027 lines and dealers building holiday cases, it is a clear read on where the extra dollar stops.

Business

Forum Buyers Weigh Micro-Compacts, Heritage Revolvers and Meopta Against Swarovski

This week's field chatter came from buyers sizing up what they carry and what they look through. The High Road's "Is there a reason to own full size pistols anymore?" reached 161 replies and 2,572 views by Sunday morning, and 65 different members posted in it since Oct. 25 by Glassing's own count of authors on the public pages, the most of any thread checked this week. The opening post says "the proliferation of the .380 micro pistols and P365 type 9mms cannot be denied," and one reply put the sales point plainly: "the reality is more people are buying the smaller pistol and not the larger one." Owners still defending 1911s and Glock 17-size guns argued shootability, while those who carry concealed every day kept choosing the smaller gun.

Smith & Wesson's reissued Model 1917 Classic and Model 22 Classic revolvers drew their own crowd on the same board, with 93 replies and 1,374 views from 43 posters in four days by the same count. Early replies ran "I'm on board for both!!!" and reloaders welcomed the Model 22's .45 ACP and .45 Colt chambering as "Two new calibers to reload and cast for." The pushback was about compromise, not interest, with one poster saying a dual-cartridge revolver carries "too many compromises" and another saying he is "more of a Colt guy in general."

On AfricaHunting, a thread that opened with a chatbot's claim that Meopta's top glass comes close to Swarovski turned into a test of what hunters can actually see. "My eyes aren't good enough to pick the difference between even mid range and top range meopta let alone any grade swaro," one poster wrote, adding that his MeoPro 3.5-10x44 "does everything I need without the high price range." Others questioned AI answers and reviewers who might be paid.

Read together, the threads show buyers sorting what they will pay for: the gun they carry every day, the revolver with a story they already know, and glass good enough for their own eyes. Forum talk is not sales data, but for makers setting 2027 lines and dealers building holiday cases, it is a clear read on where the extra dollar stops.

Keep glassing.

News and intelligence for the people shaping the outdoor industry.

News and intelligence for the people shaping the outdoor industry.

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