Why Vista Outdoor Inc. Stock Fell Tuesday
What happened
Shares of outdoor recreation and firearm company Vista Outdoor Inc.(NYSE: VSTO) fell as much as 17.3% on Tuesday, following the company's fiscal fourth-quarter earnings report. Though Vista's revenue for the period came in higher than expected, its loss per share was wider than the consensus analyst estimate for the key metric. In addition, Vista's outlook for fiscal 2019 profitability was weaker than expected.
Vista also announced a plan to begin exiting some product segments and to refocus on areas that management believes present the biggest opportunities.
xd ED wrote:From MSN.COM:Why Vista Outdoor Inc. Stock Fell Tuesday
What happened
Shares of outdoor recreation and firearm company Vista Outdoor Inc.(NYSE: VSTO) fell as much as 17.3% on Tuesday, following the company's fiscal fourth-quarter earnings report. Though Vista's revenue for the period came in higher than expected, its loss per share was wider than the consensus analyst estimate for the key metric. In addition, Vista's outlook for fiscal 2019 profitability was weaker than expected.
Vista also announced a plan to begin exiting some product segments and to refocus on areas that management believes present the biggest opportunities.
And it looks like they have a ways to go before completely abandoning the community:
A screen shot from their webpage:
Holland&Holland wrote:xd ED wrote:From MSN.COM:Why Vista Outdoor Inc. Stock Fell Tuesday
What happened
Shares of outdoor recreation and firearm company Vista Outdoor Inc.(NYSE: VSTO) fell as much as 17.3% on Tuesday, following the company's fiscal fourth-quarter earnings report. Though Vista's revenue for the period came in higher than expected, its loss per share was wider than the consensus analyst estimate for the key metric. In addition, Vista's outlook for fiscal 2019 profitability was weaker than expected.
Vista also announced a plan to begin exiting some product segments and to refocus on areas that management believes present the biggest opportunities.
And it looks like they have a ways to go before completely abandoning the community:
A screen shot from their webpage:
You are not understanding, I never said they were selling off gun related areas, they are proposing to sell the gun lines they own. Savage and Stevens. I would assume Fox would go with it as the new foxes are really just stevens with a brand.
linksep wrote:Seems to me the marketwatch story is junk. They're not going to "stop making firearms after some major [unnamed] retailers said they would halt sales of all the company’s products"...
This is two essentially unrelated stories mashed up into crap:
1) REI(?) soils their diapers because the company that makes bike helmets and paddle boards also makes evil guns.
2) Vista outdoors realizes bike helmets and paddle boards don't make nearly as much money as ammo and water bottles, decides to focus on ammo and water bottle production.
Story #1 doesn't matter, even without all the diaper filling from REI(?), Vista Outdoors would still sell off their unprofitable brands to focus on ammo and turning $0.04 worth of plastic into a $100 water-bottles.
Ghost wrote:Should I pull the rags from my Molotov’s and lay down my pitchfork?
photogpat wrote:Ghost wrote:Should I pull the rags from my Molotov’s and lay down my pitchfork?
Yes please.
photogpat wrote:Ghost wrote:Should I pull the rags from my Molotov’s and lay down my pitchfork?
Yes please.
photogpat wrote:I don't speak on behalf of the company, but the info is out there if you get around the rhetoric and jeering from the anti-gunners.
Holland&Holland wrote:photogpat wrote:I don't speak on behalf of the company, but the info is out there if you get around the rhetoric and jeering from the anti-gunners.
Fair enough.
My point is that if savage is underperforming then a company like federal would have the resources and skill set to turn it around. If it can't be turned around then that would imply that the market has changed and one can't make money making guns any longer. If that is the true case then we have already lost.
No I see this as a local company whom I considered myself a customer and supporter of bowing to anti gun pressures and agendas. And it really chaps my hide if you can't tell.
Rip Van Winkle wrote:Holland&Holland wrote:photogpat wrote:I don't speak on behalf of the company, but the info is out there if you get around the rhetoric and jeering from the anti-gunners.
Fair enough.
My point is that if savage is underperforming then a company like federal would have the resources and skill set to turn it around. If it can't be turned around then that would imply that the market has changed and one can't make money making guns any longer. If that is the true case then we have already lost.
No I see this as a local company whom I considered myself a customer and supporter of bowing to anti gun pressures and agendas. And it really chaps my hide if you can't tell.
Why does it have to be political? And why does it have to be looked at as a negative instead of a buying opportunity?
Maybe a new owner can make Savage/Stevens a larger player in the firearms market.
Holland&Holland wrote:photogpat wrote:I don't speak on behalf of the company, but the info is out there if you get around the rhetoric and jeering from the anti-gunners.
Fair enough.
My point is that if savage is underperforming then a company like federal would have the resources and skill set to turn it around. If it can't be turned around then that would imply that the market has changed and one can't make money making guns any longer. If that is the true case then we have already lost.
No I see this as a local company whom I considered myself a customer and supporter of bowing to anti gun pressures and agendas. And it really chaps my hide if you can't tell.
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