Henry Survival Rifle

I found a really awesome rifle the other day. I want to get it but just have to wait for the right time too.
Here is a picture of it.

It all fits in the stock. You can drop it in water and it won't get wet. Go here to see a video. http://henryrepeating.com/rifle-survival-ar7.cfm?CFID=10113096&CFTOKEN=21784744  
The price is not too bad. anywhere from $200-$275.