Company owns Federal Ammo and many sporting arms brands is now the dominant industry player. Most new analyst price targets are around $55. It is $45. This will be there first earnings report after being spun off from ATK. OA the other half seems also to be a value.
I think we will see an earnings beat and raised yearly guidance and a much higher stock after the earnings report. One opinion only.
This move is reminiscent of the original ATK move where it went from $60 to $115 with little fanfare. This stock is a winner people. Make sure you own enough of it. Regards.
Buy as much as you can within reason. Long since original ATK was at $65. The story is better now. This stock doubles. We could blink and it could be a 90. Regards. Dont go nuts but make sure this is your largest holding.
Its just a stock. Sell 1/3. Its a biotech company. If it goes to 11 sell another 1/3. Dont fall in love with a stock just because its spiking and could keep going higher.
No, VSTO owns Federal, CCI and all the consumer brands of ammo. This stock is undervalued...but so is OA if they can execute. Should be a great year for shareholders....again IMHO.