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cgrand
New Orleans Pelicans Fan
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Member since Oct 2009
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gun stocks (RGR, AOBC, VSTO)
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?


MikeBRLA
LSU Fan
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re: gun stocks (RGR, AOBC, VSTO)
Following.


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castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
57684 posts

re: gun stocks (RGR, AOBC, VSTO)
Wouldn't you want to wait until about two-three years into Trump's second term
This post was edited on 4/5 at 11:10 am


rowbear1922
LSU Fan
Baton Rouge
Member since Oct 2008
10836 posts

re: gun stocks (RGR, AOBC, VSTO)
Wait until the next D wins presidency, but that Wednesday


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cgrand
New Orleans Pelicans Fan
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Member since Oct 2009
16204 posts

re: gun stocks (RGR, AOBC, VSTO)
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


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wutangfinancial
LSU Fan
Dallas, TX
Member since Sep 2015
1184 posts

re: gun stocks (RGR, AOBC, VSTO)
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


cgrand
New Orleans Pelicans Fan
HAMMOND
Member since Oct 2009
16204 posts

re: gun stocks (RGR, AOBC, VSTO)
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


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cgrand
New Orleans Pelicans Fan
HAMMOND
Member since Oct 2009
16204 posts

re: gun stocks (RGR, AOBC, VSTO)
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


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LSURussian
LSU Fan
Member since Feb 2005
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wutangfinancial
LSU Fan
Dallas, TX
Member since Sep 2015
1184 posts

re: gun stocks (RGR, AOBC, VSTO)
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.


cgrand
New Orleans Pelicans Fan
HAMMOND
Member since Oct 2009
16204 posts

re: gun stocks (RGR, AOBC, VSTO)
i went ahead and bought a bunch of RGR today.now i just need to ignore the stock ticker until the election...


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cgrand
New Orleans Pelicans Fan
HAMMOND
Member since Oct 2009
16204 posts

re: gun stocks (RGR, AOBC, VSTO)
quote:

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

up almost 3% today
i'm buying more


cgrand
New Orleans Pelicans Fan
HAMMOND
Member since Oct 2009
16204 posts

re: gun stocks (RGR, AOBC, VSTO)
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 shit



cgrand
New Orleans Pelicans Fan
HAMMOND
Member since Oct 2009
16204 posts

re: gun stocks (RGR, AOBC, VSTO)
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


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