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NYC – Industry Insider – Will Vista Outdoor Misfire Selling Its Firearms Division?

MOTLEY FOOL.COM May 19, 2018 – Vista Outdoors (NYSE:VSTO) wants out of the firearms business. After falling gun sales caused it to record its first quarterly earnings loss since going public three years ago, the firearms and outdoor sporting goods manufacturer said guns just don’t fit in with its strategic vision. It will, however, continue to sell ammunition. It is possible Sturm, Ruger (NYSE:RGR) might make a bid, since its CEO said he was watching Remington’s case “to see if there may be some opportunities down the road.” Ruger also has $63 million in cash and no debt.  [full article]

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