Vista Outdoor to sell sporting products unit in $1.91 bln deal, cuts sales forecast

[Bklynracer 1,265]

Hope no one still owns it. Stock dropped big time.

https://www.reuters.com/markets/deals/vista-outdoor-sell-sporting-products-unit-191-bln-deal-cuts-sales-forecast-2023-10-16/

I know Vista outdoors owns a bunch of names, Does any American company making ammo?

Shares of sporting and outdoor products provider Vista Outdoor (NYSE:VSTO) are under pressure today after the company agreed to sell its Sporting Products business to Czechoslovak Group (CSG) at an enterprise value of $1.91 billion.

[My1stGlock 144]

All those ammo companies and they still cant turn a profit? Prob overpaid for Remington and also just getting dragged down by the other companies.

[1LtCAP 4,264]

this seems like a very bad thing in my humble opinion

 

[njJoniGuy 2,131]

https://vistaoutdoor.com/brands/

 

We're gonna be fooked by this.

[silverado427 10,731]

I wish Costco sold ammo.

[CMJeepster 2,778]

12 hours ago, silverado427 said:

I wish Costco sold ammo.

#metoo

[father-of-three 243]

Is this the reason Ammo Inc Spiked to its highest level since 2022 today?

[raz-0 1,259]

People want to panic over all sorts of things. 

You get panic, you get price spikes from people panic buying. 

Available ammo is likely to decrease as we are providing small arms ammo to two conflicts. There's a lot of shmucks out there trying to stir the shit to get people riled up over this pretending they have access to all sorts of secret info. It is definitely a time for proof or shens rather than believing every grifter looking for clicks. 

[1LtCAP 4,264]

16 minutes ago, raz-0 said:

People want to panic over all sorts of things. 

You get panic, you get price spikes from people panic buying. 

Available ammo is likely to decrease as we are providing small arms ammo to two conflicts. There's a lot of shmucks out there trying to stir the shit to get people riled up over this pretending they have access to all sorts of secret info. It is definitely a time for proof or shens rather than believing every grifter looking for clicks. 

the solution to that is for us to stop supplying the rest of the world. at least one of these conflicts. what has ukrain done for us? israel? they're there for us, so we gotta be there for them......

[raz-0 1,259]

13 minutes ago, 1LtCAP said:

the solution to that is for us to stop supplying the rest of the world. at least one of these conflicts. what has ukrain done for us? israel? they're there for us, so we gotta be there for them......

It's not really the solution. No wars? No reason to fund lake city. As for non government owned manufacturers, there is global demand, it'll go to where the global demand is regardless. Realistically the answer for what Ukraine or Israel has done for us is that they both provide proxies in areas we don't necessarily want to engage in directly, so we pay them off to do so. 

[silverado427 10,731]

PSA- ACC ammo line  and Fenix ammo.  

[Bklynracer 1,265]

Looks like another bidder.

Vista Outdoor (VSTO) Receives Unsolicited $30/sh Acquisition Proposal from Colt CZ.

https://www.streetinsider.com/Corporate+News/Vista+Outdoor+(VSTO)+Receives+Unsolicited+%2430sh+Acquisition+Proposal+from+Colt+CZ/22450779.html#:~:text=(NYSE%3A VSTO) today announced,(the “Colt CZ Proposal”