Unpacking and Challenging Ammo Inc.’s Separation Plans
310value.substack.com
Unpacking and Challenging Ammo Inc.’s Separation Plans Ammo Inc. issued a press release on August 15th (see here: https://feeds.issuerdirect.com/news-release.html?newsid=7446976016611444), in which they announced a plan to separate their e-commerce business from their manufacturing business. This announcement was the beginning of a steep decline in the price of the company’s stock, as it closed near $6.00 per share on August 12th, and it now trades around $3.15 per share. The market seems to think that this is a bad direction for the company, and I agree. Let’s look at management’s rationale for the spin off and my challenges to it.
Unpacking and Challenging Ammo Inc.’s Separation Plans
Unpacking and Challenging Ammo Inc.’s…
Unpacking and Challenging Ammo Inc.’s Separation Plans
Unpacking and Challenging Ammo Inc.’s Separation Plans Ammo Inc. issued a press release on August 15th (see here: https://feeds.issuerdirect.com/news-release.html?newsid=7446976016611444), in which they announced a plan to separate their e-commerce business from their manufacturing business. This announcement was the beginning of a steep decline in the price of the company’s stock, as it closed near $6.00 per share on August 12th, and it now trades around $3.15 per share. The market seems to think that this is a bad direction for the company, and I agree. Let’s look at management’s rationale for the spin off and my challenges to it.