A couple of newsworthy items to watch are announcements from Vista Outdoors NYSE:VSTO
Vista owns Olin,Federal and quite a few more Ammo Brands. They are the largest ammo maker in the US. Their atock fell, as did all September 3. & 4th making it a good buy at $18.33. It is expected to go as high as $27.00 by the end of the year.
https://seekingalpha.com/market-news/on-the-move
Secondly and more importantly is Smith and Wesson. Who reported September 4 2020 that 2019 guns sales through August 2019 were $128 Billion.
Smith and Wesson’s sales ending for August 2020 were $278 Billion. More than double last year. So that is where all the ammo went. Plus us hoarders.
https://www.shootingillustrated.com/articles/2020/8/20/ammo-shortage-may-last-until-2021/
https://www.thestreet.com/investing/smith-wesson-swbi-stock-earnings-gun-sales
It’sjust some interesting data points, but what do I know? This is not professional stock advice. Just observations.
Happy Labor Day!
Brett
Vista owns Olin,Federal and quite a few more Ammo Brands. They are the largest ammo maker in the US. Their atock fell, as did all September 3. & 4th making it a good buy at $18.33. It is expected to go as high as $27.00 by the end of the year.
https://seekingalpha.com/market-news/on-the-move
Secondly and more importantly is Smith and Wesson. Who reported September 4 2020 that 2019 guns sales through August 2019 were $128 Billion.
Smith and Wesson’s sales ending for August 2020 were $278 Billion. More than double last year. So that is where all the ammo went. Plus us hoarders.
https://www.shootingillustrated.com/articles/2020/8/20/ammo-shortage-may-last-until-2021/
https://www.thestreet.com/investing/smith-wesson-swbi-stock-earnings-gun-sales
It’sjust some interesting data points, but what do I know? This is not professional stock advice. Just observations.
Happy Labor Day!
Brett