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BREAKING :
AMY CONEY BARRETT, A FRONT-RUNNER FOR THE OPEN U.S. SUPREME COURT SEAT PRESIDENT DONALD TRUMP IS PUSHING TO FILL, IS A FAVORITE AMONG RELIGIOUS CONSERVATIVES. AS A JUDGE ON THE CHICAGO-BASED 7TH U.S. CIRCUIT COURT OF APPEALS, BARRETT, 48, HAS VOTED IN FAVOR OF ONE OF TRUMP'S HARDLINE IMMIGRATION POLICIES AND SHOWN SUPPORT FOR EXPANSIVE GUN RIGHTS. BARRETT INDICATED SUPPORT FOR GUN RIGHTS IN A MARCH 2019 DISSENTING OPINION.THE US POPULATION OF WILD PIGS IS SOARING DUE TO WHAT EXPERTS ARE CALLING “A FERAL SWINE BOMB,” ACCORDING TO A REPORT. THERE ARE ABOUT 9 MILLION FERAL HOGS IN THE NATION CURRENTLY, AND THE BEASTS, WHICH CAUSE AN ESTIMATED $2.5 BILLION WORTH OF DAMAGE EACH YEAR, ARE MULTIPLYING QUICKLY, THE ATLANTIC RECENTLY REPORTED. “I’VE HEARD IT REFERRED TO AS A FERAL SWINE BOMB,” DALE NOLTE, MANAGER OF THE NATIONAL FERAL SWINE DAMAGE MANAGEMENT PROGRAM AT THE US DEPARTMENT OF AGRICULTURE TOLD THE MAGAZINE.‘INSIDE THE NRA’ IS ”A SAD BOOK,” SAYS CRITIC REVIEWER OF FORMER NRA EXECUTIVE JOSHUA POWELL, THE BOOK’S AUTHOR. GALCO’S MIAMI CLASSIC II SHOULDER HOLSTER SYSTEM ACCOMMODATES MULTIPLE BARREL/SLIDE LENGTHS, HORIZONTAL DOUBLE MAGAZINE CARRIER WITH OPEN FRONT FOR EITHER PISTOLS OR REVOLVERS AND ACCEPTS TIE DOWNS/CUFF CASE/FLASHLIGHT ACCESSORY ATTACHMENTS.MORE THAN 42,000 NEW HUNTERS HAVE NOW COMPLETED THE NEW YORK STATE ONLINE HUNTER SAFETY TRAINING COURSE REQUIRED TO PURCHASE A HUNTING LICENSE WITH FREE TIME AT HOME. MORE THAN 12,000 HAVE COMPLETED THE BOWHUNTING COURSE, AS WELL. THEIR GOAL, THIS FALL, WILL BE FRESH VENISON IN THE FREEZER.

MA – INDUSTRY INSIDER – Smith & Wesson’s Spinoff Of American Outdoor Brands Presents An Attractive Opportunity

Smith & Wesson announced that they will be spinning off American Outdoor Brands in August. The small size (nearly micro-cap) of the spin-co relative to the parent may present an opportunity to take advantage of forced selling. Incentives of new management are strong. Trading comps suggest that the spin-co may fetch a higher multiple than it would as a part of Smith & Wesson Brands. It was announced Friday that Smith & Wesson’s (SWBI) Board of Directors approved the spinoff of their “Outdoor Products and Accessories” business line as American Outdoor Brands, which generates just under $170M in annual sales and is the product of a series of acquisitions. The segment is described as “a leading provider of outdoor products and accessories encompassing hunting, fishing, camping, shooting, and personal security and defense products for rugged outdoor enthusiasts.” Spinoffs such as this one, especially given the relatively small size of the child company, often create opportunities for enterprising investors through mispricings of both the parent and child. The distribution of American Outdoor Brands (AOUT) stock will be completed on August 24th, and the new stock should then begin trading. The parent company of the American Outdoor Brands spinoff will remain trading with the ticker SWBI, and be a pure-play firearms business. I believe focusing in on a core business line and spinning off non-core business is a great move and demonstrates good business sense and shareholder focus of management, regardless of one’s beliefs regarding the firearms industry. While I find the child of this spinoff much more interesting, I’ll provide some trading comps on the parent as well since often both the parent and the child do well after a spinoff for a variety of reasons. Joel Greenblatt discusses this at length in “You Can Be a Stock Market Genius.”  [full article]

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