The only problem with the stores is they're empty. Unless you want to pay $4K for an Ed Brown or $3K + for a boutique Sig...if that's what you're after they can hook you up. And forget about finding ammo.
This, in a nutshell is why I think VSTO is a solid play. Their ammo production backlog is +$1B. Everything they make and ship is consumed immediately. I'm on hunting groups on facebook where I'm hearing about guys driving several states away to find ammo. Between COVID supply chain challenges and fears of new legislation, the demand isn't going away anytime soon.
POWW too, at least right now. I got in at $5.50, which I'm okay with. Once I flip some of the shorter term ones and free up some cash hopefully I can average down a bit more, but I see both POWW and VSTO as good for at least 4 years.
POWW is going to be a bit different, I think. Based on some things I've read recently, their movement appears like it may be more from government contracts. They specialize in armor piercing rounds and large(er) calibers like 338 Lapua and 50, and actually just released news of a European contract for that kind of stuff. While their "regular" ammo backlog is large considering their size (I think a couple hundred million at last check), their stock isn't moving like VSTO, which is also supported by other, non-firearm business lines. I'm still holding on to what I have with them, but I'm curious to see what will move the needle. They're building new manufacturing capability currently, so maybe once that comes online. We'll see. ETA: Apparently I missed the news yesterday that they may acquire Gun Broker mid-April. If that happens, then we may see some movement.
yeah I wasn’t sure about them until I saw the gun broker news, then I jumped. My thinking is, so many people have guns now on both sides, that running on an anti-gun platform isn’t politically viable anymore. Once your average consumer figures that out, the panic buying will slow, but people will still buy guns consistently. Simply, they’re fun. And now you have more people in the sport who will introduce their friends and family and children. The backlog of ammo will eventually be taken care of, but there will now be a huge demand.
Added 3K of AABB at .208, so I've got my average back under .25, now sitting on 10K shares. It's now back to .24, so it appears I caught the dip right. Maybe. Also added 10K of NWGC at .0099. It's risky but could do a quick climb, just waiting on an assay report for a mine. Besides, I'd pay $100 to watch a monkey fuck a football, so why not? Also have an order in to buy 10K more if it drops to .009.
Ended up buying the second 10K NWGC at .0095. The good news is it has broke .01 which is usually where there's a hell of a lot of resistance, so it may very well be a runner now.
Yup, I'm in this boat. I always knew there was a lot of pushing Monopoly money around, but I had no idea just what a large percentage of trading is simply a series of casino games, where the financial constructs exist only to allow people to bet on them - they are not "real" in any meaningful sense.
The amazing thing is it all started with a $74K loan. The result sounds a lot like dealing with the mafia.
A ton of VC's are like that. I've seen a mind-boggling large number of different ways that startups can be financed, and you really do get two overall flavours of VC's in my limited experience... those that are genuinely out to help the company and make some serious cash along the way, while protecting their investor's interests, and then the kind that is out to make a buck and take advantage of companies in hard times, almost like the PayDay loan bunch. I've seen a few startups start in with the wrong type, end up owing more than they thought they would, lose control, and then become a technically viable company to IPO and then the VC's get a huge exit on a mediocre to failing company. And a million shades of in-between. If these guys manage to fuck over the VC's with that special dividend/warrant, then more power to them, and I can't wait to see how it turns out. I know I just threw some cash at it to see how it goes.
I'd say stay away from this one....it's a scam. What's happening is a stockholder is suing to force a shareholders meeting to declare himself CEO of the company. He has laid out grandiose plans of what he plans to do. He will win the lawsuit by default on 04/06 when the company doesn't respond. He also has a long history of doing this with tickers that have gone dark, then pumping and dumping. It took a bit of digging to come across this information. I'll probably just hold this through the lawsuit default date, hopefully for a bit of a profit and dump it.
And just like that, POWW is up over 5%. Sweet! VSTO is also climbing nicely. My 4/16 30c value has nearly doubled.
In at 13 shares. That’s my lucky number because I’ve broken 3 different bones on Friday 13th, and I’m still alive.
Heh. I had a couple loose dollars in my account and threw it at this too. Just 17 shares, but it may do better than the money just sitting there.
that was my thinking. I had a few bucks in a pharm stock that was just going sideways, sold 25 shares for a massive 60 cent loss overall and put it in this. Why not? I’m bored
14 shares now. Fuck it. Feeling generous, have another $3 in the slot machine. really would be a shame if WSB found out about this