AOBC has lost over 50 percent of it's value since 2016. I can see the parent company(can't remember the name) selling AOBC if a buyer can be found. If they should decide to do so, but no buyer Smith could go under. I know this is far fetched but stranger things have happened. Remember Edsel,Studebaker,Plymouth and many more that have gone belly up? My concern is what would the price of Smith's do? Sold my AOBC stock last year after taking a bath.
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American Outdoor Brands Stock (AOBC)
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kwselke
Member
Firearms companies have a long history of financial instability dating back to the 1800s. Colt is the classic example of the feast and famine nature of the business. Wild fluctuations in demand due to war or politics is difficult to manage on the supply side. Fortunately our system allows for reorganization, which allows worthwhile concepts and companies to live on and get another chance to prove themselves with new investors and or management. The entire firearms industry is currently in a massive contraction. Investors will take a hit, but worthwhile products will continue.
THE PILGRIM
Member
Good answer!
My only add would be the 2016 price was a ‘spike.’
Brought on by unusual temporary circumstances existing at that time.
It’s not a stock I would buy,
But I don’t own any individual stocks.
Just mutual funds and Exchange Traded Funds (ETF).
My only add would be the 2016 price was a ‘spike.’
Brought on by unusual temporary circumstances existing at that time.
It’s not a stock I would buy,
But I don’t own any individual stocks.
Just mutual funds and Exchange Traded Funds (ETF).
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American Outdoor Brands is the parent company. According to the S&W web site they had outstanding debt against their 500 million credit line that has been totally paid off.
Every pre presidential election year where one candidate may be considered to be anti gun tends to push gun purchases through the roof.
In 2014 they purchased Battenfeld Technologies $130.5 million, in 2016 bought Crimson Trace for $95 million, Taylor Brands for $85 million and UST Brands for $32.3 million. It would seem to me that they are doing just fine.
Every pre presidential election year where one candidate may be considered to be anti gun tends to push gun purchases through the roof.
In 2014 they purchased Battenfeld Technologies $130.5 million, in 2016 bought Crimson Trace for $95 million, Taylor Brands for $85 million and UST Brands for $32.3 million. It would seem to me that they are doing just fine.
AOBC Slams Wall Street Estimates
Gents,
I've been a stock market investor for about as many years as you guys have been familiar with firearms. AOBC has put in a really great quarter. This week, as a result of a stellar quarter, the stock was up 45.4%, closing at $14.03.
The old "Smith and Wesson" stock beat Wall Street estimates resoundingly: EPS of $0.21 beats by $0.09, Revenue of $138.83M (+ 7.6% Y/Y) beats by $4.3M
Should you wish to read the particulars of the conference call, you can read it at the company website: RSS Content | Investors | American Outdoor Brands
P.S. For anyone thinking of buying AOBC here, I'd advise against it. I'd wait some until the euphoria calmed down just a bit. One quarter does not a turnaround make.
Gents,
I've been a stock market investor for about as many years as you guys have been familiar with firearms. AOBC has put in a really great quarter. This week, as a result of a stellar quarter, the stock was up 45.4%, closing at $14.03.
The old "Smith and Wesson" stock beat Wall Street estimates resoundingly: EPS of $0.21 beats by $0.09, Revenue of $138.83M (+ 7.6% Y/Y) beats by $4.3M
Should you wish to read the particulars of the conference call, you can read it at the company website: RSS Content | Investors | American Outdoor Brands
P.S. For anyone thinking of buying AOBC here, I'd advise against it. I'd wait some until the euphoria calmed down just a bit. One quarter does not a turnaround make.
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