Jack ("Pug") told me that he has higher offers, but he's holding on to it for a while. The motivation and resulting fallout was mention in the mass media that he could not have bought for the same money: Forbes, Wall Street Journal, and all the sporting press.

The price of $287,500 @ 8% on his operating line for a year is $23,000 and that's deductable, so if he flips the gun for what he paid he got a real bargain in calling attention to his gun dealership. And for the time being guns and other collectibles seem to be doing better than Enron or sub-prime mortgages; at least if the gun market tanks he can fondle and shoot it and wait for things to get better. Pug did what the rest of us are doing, but with one or two more zeros. EDM

EDM