Sad times - Gun Companies abandoning themselves

[crffl]

.


Like cutting off an arm to save the body I guess?

American Outdoor to Split Into Two Firms, Separating Its Gun Business

American Outdoor Brands Corp. said it will split into two publicly traded companies, one focused on firearms and the other on outdoor products, in an effort to reverse a stock-market decline amid rising pressure for tougher U.S. gun restrictions.

https://www.bloomberg.com/news/artic...sales-pressure

[Royinmontco]

Hmmm, a former coworker is there now. I wonder which way she'll go.

[jthrelf]

Good protection from lawsuits too I suppose...

[JoshIronshaft]

I think this is a standard business practice that is being politicized by bloomberg media to give the impression that anti-gun culture has more traction and clout than it really does.

[sbmania]

Anybody know how it will work? I bought S&W stock years ago for political as well as financial reasons. That became American Outdoor brands stock with the merger. With the split, will I now get S&W stock back? I don't want to own American Outdoor Brands stock.

[eagleclaw]

I was keeping track of S&W stock when it was known as the Smith and Wesson holding company (SWHC). The night Trump won the election the stock crashed. It went from approx $30.00 a share to $15-$20.00 overnight. It sank even lower since then and now is approx $7.00 a share.

I'm no insider, but I suspect the stock was inflated prior to the 2016 election when stockholders anticipated Hillary winning thus creating a gun buying panic. They changed the stock name to American Outdoors brand Corp. AOBC about two years ago. That didn't help the stock either.

It could be that the recent supreme court decision not to take the Sandy Hook case had some influence on this matter. However with a market that is flooded with AR 15s and striker fired handguns, S&W failure to gain any military contracts , Police Departments seem to favor Glock or SIG, and their failure in create anything new or ground breaking could also be the reason for their stock decline.

The best salesman S&W ever had was Dirty Harry.

[Sgt.K]

The best salesman S&W ever had was Dirty Harry.

[JenniferG]

Smith could boost sales quickly on revolvers. All they need to do is get rid of the hole.

[Gunsnwater]

Anybody know how it will work? I bought S&W stock years ago for political as well as financial reasons. That became American Outdoor brands stock with the merger. With the split, will I now get S&W stock back? I don't want to own American Outdoor Brands stock.

You’ll most likely get shares of both new companies and s&we won’t be spun out alone. If you don’t want to own AOB sell them.

[Gunsnwater]

Smith could boost sales quickly on revolvers. All they need to do is get rid of the hole.

Where would the bullets come out of?