11-14-2023, 03:08 PM
Double Naught Spy Wrote:All major manufacturers are worried about quarterly financials. You cannot run a major business and not worry about the financials, plain and simple. The making of ammunition is absolutely reliant upon finances that are summarized in the quarterly reports. The company and/or its parent will make a lot of decisions regarding the operation of the company based on the quarterly financials. There is just no way to get away from that.
As for making "woke Wall Street investors happy," probably not a lot of woke people invest in gun stuff. So the folks at federal would have worried about their regular investors, as does the current owner, Vista, and future owner CSG, who has publicly traded shares as well, but in Prague.
It is sort of a frying pan/fire sort of issue, especially when ownership is transferred overseas.
There is no way to get away from the significance of bean counting.
Over 80% of Vista Outdoors shares are held by Institutional Investors - mutual funds, hedge funds, pension funds, etc. The people who work for them in NYC, Boston and Chicago are the ones who put their pronouns on business cards. Black Rock (everybody's favorite institutional investor) owns 15%. Yes, the king of ESG owns 15% of a company that makes assault rifle ammo. I'll take the sale as good news!
Let's go Brandon!