American Outdoor Brands Corp. ... announced Wednesday afternoon that it would split into two companies to separate its gun-manufacturing business and the rest of its products. ... The gun business will be renamed Smith & Wesson Brands Inc., the name associated with its firearms. "There have been significant changes in the political climate as well as the economic, investing, and insurance markets since we embarked upon what we believe have been our very successful diversification efforts," Chairman Barry Monheit said in the announcement. "We believe that separating into two independent public companies will allow each company to better align its strategic objectives with its capital allocation priorities." ... Mark Smith will become CEO of Smith & Wesson. Chief Financial Officer Jeffrey Buchanan will lead the coordination and execution of the separation, expected to be completed in the second half of 2020 ...
Smith & Wesson to split from American Outdoor Brands
Posted 14 November 2019 - 10:31 PM
- Albert Camus, Resistance, Rebellion, and Death, 1960.
Posted 14 November 2019 - 10:58 PM
Posted 15 November 2019 - 04:11 AM
Totally expectable in today's legal environment. The case against Remington scared them, I'll bet.
Posted 15 November 2019 - 07:39 AM
What they think of guns
There are a number of monopolistic companies operating anti free market practices that can afford to alienate gun customers because you have no other competitive choice. Theyve written into their corporate 401k contracts that they cant be invested in any fund that invests in gun companies.
It gives investors an excuse to leverage, liquidate, and fire all the workers. Normally you leverage to increase production, but these investors are just pocketing the money and decreasing production. Distressed asset restructuring allows them to also screw any suppliers so now extending goods or credit to a gun companies is also a liability.
Edited by chicagoresident, 15 November 2019 - 08:47 AM.
Posted 18 November 2019 - 08:31 PM
The systematic attack on gun companies is scary. Their goal is to dismantle the large firearm makers and turn it into a niche market serviced only by smaller firm. Expect guns to get much more expensive and of much lower quality over time if the investment moves driven by left-wingers succeed...
I own several gun & ammo companies' stocks. All are way down over several years ago. They are now priced quite competatively compared to the value they bring, but are being shunned by anti-gun groups who control large blocks of investment.
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Posted 18 November 2019 - 10:58 PM
They outline their thinly veiled gun control strategy above.
Heres the scary part, Blackrocks Fink says they avoid actively trading gun companies due to his distaste for civilian arms. But by size and market control alone BlackRock still find themselves the top shareholder just by the volume they trade in index funds. Nobody should have that power.
But BlackRocks enormous and growing influence and its sheer sizetoo big to fail, some sayhas begun to raise questions. Its like the Blackwater of finance, almost a shadow government, says one senior bank executive, referring to the mountain of government contracts awarded to the firm.
LARRY FINK, the influential chief executive of BlackRock, which manages more than $6 trillion in investments, wants the public to know that he is using his enormous power to press companies to serve a social purpose. Fink a Democratic donor who reportedly promised to help Joe Biden get elected president
Edited by chicagoresident, 18 November 2019 - 11:01 PM.