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November 13th, 2019, 11:10 PM #1
Sad times - Gun Companies abandoning themselves
.
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-pressureLast edited by crffl; November 13th, 2019 at 11:14 PM.
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety."- The Papers of Ben Franklin
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November 14th, 2019, 08:18 AM #2Super Member
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Montco,
Pennsylvania
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Re: Sad times - Gun Companies abandoning themselves
Hmmm, a former coworker is there now. I wonder which way she'll go.
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November 14th, 2019, 09:06 AM #3
Re: Sad times - Gun Companies abandoning themselves
Good protection from lawsuits too I suppose...
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November 14th, 2019, 09:57 AM #4
Re: Sad times - Gun Companies abandoning themselves
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.
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November 14th, 2019, 11:41 AM #5Super Member
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Phoenixville,
Pennsylvania
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Re: Sad times - Gun Companies abandoning themselves
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.
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November 14th, 2019, 11:48 AM #6Grand Member
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bloomsburg,
Pennsylvania
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Re: Sad times - Gun Companies abandoning themselves
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.
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November 14th, 2019, 01:02 PM #7
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November 14th, 2019, 04:47 PM #8
Re: Sad times - Gun Companies abandoning themselves
Smith could boost sales quickly on revolvers. All they need to do is get rid of the hole.
Corruption is the default behavior of government officials. JPC
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November 14th, 2019, 07:17 PM #9
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November 14th, 2019, 07:18 PM #10
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