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gun stocks (RGR, AOBC, VSTO)

Posted on 4/5/19 at 10:32 am
Posted by cgrand
HAMMOND
Member since Oct 2009
38820 posts
Posted on 4/5/19 at 10:32 am
like a lot of people i made a few bucks off these in years past (thanks obama!). now they are all trading at or near historical lows

VSTO in particular...this was at one time a $50 stock, now less than $10. they make ammo, and during the run up people were hoarding bullets like the apocalypse was coming.

anyone buying these?
Posted by MikeBRLA
Baton Rouge
Member since Jun 2005
16473 posts
Posted on 4/5/19 at 10:53 am to
Following.
Posted by castorinho
13623 posts
Member since Nov 2010
82033 posts
Posted on 4/5/19 at 11:09 am to
Wouldn't you want to wait until about two-three years into Trump's second term
This post was edited on 4/5/19 at 11:10 am
Posted by rowbear1922
Lake Chuck, LA
Member since Oct 2008
15166 posts
Posted on 4/5/19 at 11:10 am to
Wait until the next D wins presidency, but that Wednesday
Posted by cgrand
HAMMOND
Member since Oct 2009
38820 posts
Posted on 4/5/19 at 11:17 am to
quote:

Wouldn't you want to wait until about two-three years into Trump's second term

perhaps, but like i said, these three in particular appear to have bottomed out, thus the buying opportunity. i've been watching them for a while now

this would be a buy/hold position
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11119 posts
Posted on 4/5/19 at 11:18 am to
I'm not sure how their inventory issue looks. But I would peg your idea on that theme and go look into the companies that were producing massive amounts of inventory in anticipation of a Hillary election. If margins are still being squeezed, it's a no. I think this is a good idea going into 2020.

I looked for a minute and it looks like RGR has actually been reducing their liabilities, and have no debt. 2% yield and trades at 18x ttm earnings. So going into a progressive primary could help spook buyers
Posted by cgrand
HAMMOND
Member since Oct 2009
38820 posts
Posted on 4/5/19 at 11:29 am to
quote:

I think this is a good idea going into 2020

i agree...and we are kinda "going into 2020" now. interested to see if anyone is buying now at these prices, or thinking they will fall even farther
Posted by cgrand
HAMMOND
Member since Oct 2009
38820 posts
Posted on 4/5/19 at 11:33 am to
my other part of this idea is that many progressives, even active investors, refuse to own these stocks even as part of a varied portfolio

look at RGR volume...less than 30K shares so far today.
theres not much volatility to be concerned with in the short term
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 4/5/19 at 12:04 pm to
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11119 posts
Posted on 4/5/19 at 3:33 pm to
No, but I have been keeping an eye on them as well. I just think the traders don't have enough catalysts for big time price action until the Dem debates are on national television. RGR looks like a good buy and hold.
Posted by cgrand
HAMMOND
Member since Oct 2009
38820 posts
Posted on 4/8/19 at 1:43 pm to
i went ahead and bought a bunch of RGR today.now i just need to ignore the stock ticker until the election...
Posted by cgrand
HAMMOND
Member since Oct 2009
38820 posts
Posted on 4/16/19 at 12:12 pm to
quote:

VSTO in particular...this was at one time a $50 stock, now less than $10.

up almost 3% today
i'm buying more
Posted by cgrand
HAMMOND
Member since Oct 2009
38820 posts
Posted on 5/6/19 at 1:44 pm to
update:
last month i put $3500 in RGR @ 55.90 and $3500 in VSTO @ 8.38.

RGR has basically stayed flat, down a bit thus far (55.44) but they report 1Q earnings tomorrow.

VSTO is up 14%, trading today in the 9.50's. they report 1Q earnings on 5/9.

both of these were $70 stocks not too long ago. i doubt earnings will be good for either but a DEM house can make waves and NRA is seemingly always under fire and doing shady shite

Posted by cgrand
HAMMOND
Member since Oct 2009
38820 posts
Posted on 5/8/19 at 2:26 pm to
quote:

15:04 ET - Sturm, Ruger CEO Chris Killoy says the gunmaker plans to increase engagement with shareholders on the vexed issue of gun safety and links to violence--and with it, company liability. It's a softening of the company's previous stance, though Killoy says at the company's annual meeting that he remains skeptical of so-called "smart guns" as well as the potential for a consumer backlash from its core customers, something he'd witnessed while an executive at rival Smith & Wesson. Shares down 7% after drop in 1Q sales and profits.


yeesh...

i sold my VSTO to buy more RKUNY before it tanks as well. i'll hold the RGR and hope for the best
Posted by AaronDeTiger
baton rouge
Member since Jun 2014
1558 posts
Posted on 8/16/20 at 12:27 am to
Bump. Wish I would have thought of these sooner.
Posted by Skeezer
Member since Apr 2017
2296 posts
Posted on 8/16/20 at 6:29 am to
I bought visto before earnings and made a quick 9%.

Olin is another one that should be on your list.
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