06-25-2021, 09:13 AM
(06-24-2021, 09:17 PM)ken-do-nim Wrote: Yeah that VSTO is nice; up 77.49% in the past 6 months. PE ratio is still 10. I'll definitely keep an eye on it for when new money arrives.It's probably getting late for that. I don't expect a crash but the stars are perfectly aligned for awhile longer. Nothing lasts forever. Check out Vista Outdoors website. They own a lot of good brands of adventure and outdoor recreation. With Covid reopening some of their products are selling out. Cycling, camping etc. The other side of their business is shooting sports. They dominate the ammunition market and haven't been able to meet demand since the civil unrest last year. Shelves are still empty for popular calibers. This was a political stock play for me. A lot of people hoard ammo. It's much like any other commodity. Vista doesn't sell guns anymore. That's a little too much political risk for me. I won't hold a stock for years waiting for trouble that will surely come eventually. Anyway some normalcy will return to VSTO business eventually. I do believe they will have at least one more ridiculously good quarter.