Grim 2021 Ammunition Outlook from Largest US Producer of Ammunition
Brettly
Member Posts: 2 ✭
Vista Outdoors reports ammunition backlog of over $1B | Fox Business
Greetings this is my first post here. I apologize if you all have seen this interview with the CEO of Vista Outdoors, but he really gives a sane, non-paranoid description of the various factors that shaped the current landscape for the guns and ammunition markets. The company has a one year backlog, very good article from November 2020.
Enjoy,
Brettly in Atlanta
(excerpt)
"...Big-name shooting sports company Vista Outdoor Inc. reported “over a year’s worth” of backlogged ammunition orders worth more than $1 billion, an official said recently.
Vista was reporting its second-quarter earnings when CEO Chris Metz detailed what announced the backlog, which he called “unprecedented” for the company."
Comments
but their newly bought remington ammo branch has been newly lic in the last few weeks so we should start seeing remingtom products
Well hopefully. There is also a little known mineral shortage of lead, copper and zinc which is used to make Brass. This is due to mining Countries like Brazil who got so slammed by COVID all the mines have been shut down for many months.
Combined with everything else it is a perfect storm that will not end this year.
If you want to make money through ammo buy Vista Outdoors’ stock VSTO. It’s up 23% in just the last 30 days so on 150 shares I made about $1000 profit. If their stock goes up the can expand production. The
$4.50 a share in 8/2019 and only $12 off it's 2016 all time high??