Back in March when management did their simultaneous share sale, I expressed my fear that they had the corporation buy back some of the shares they sold. I think you said that would be discoverable from the Q1 report.
Did you see anything in the Q1 report that would enable one to definitively conclude that a share buy-back was or was not done? If so, please point me to that information.
In the 10-Q filing for the first quarter Ruger published a cash flow statement, on page 7. This SEC filing is available on the Ruger web site, under the "Corporate" section.
In the Financing Activities section of the Condensed Statement of Cash Flow, there is no entry for "Repurchases of Common Stock." That means Ruger did not repurchase any common stock from anybody, any time in the first quarter.
You might want to compare the cash flow statement from Ruger with the cash flow statement from a company such as Philip Morris Int'l, which is actively repurchasing stock. They show, in the Section of Condensed Consolidated Statements of Cash Flow, under the heading CASH PROVIDED BY (USED IN ) FINANCING ACTIVITY, "Repurchases of Common Stock"=$1.453 billion. This is the section that contains a blank in the Ruger cash flow statement.
I'll try to post a link to the Ruger statement in a reply to this message, don't know if Yahoo will permit it.