Anyone thinking breakup here? The ammo group is worth something. VSTO may be a buyer
Longs, where you thinking this goes after next earnings announcement. Once we break $17? I own the guns RGR SWHC OA VSTO in a bundle. May sell the next SWHC break out. Regards
Long term holder here. The announcement of a 25 mil raise in a standing buyback seems really weak to me. Its mice nuts. Plus companies rarely execute the full amount of a stated buyback. The dividend announcement is also minor. Thinking this stock could hit new highs if they had a good quarter or raise guidance otherwise we fall back into the 60s. Love for them to be bought for $100. Seems a cheap moresel for someone regardless of where it trades today. Could still be broken up further with armament being spun off from space. No?
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.