Investors are taking gun and ammo manufacturer Vista Outdoor(VSTO) out back and shooting it. Vista stock, which was above $50 in July 2016, was down nearly 30% last week after an awful earnings report, and now trades just over $14. The company, which was spun off in 2015 by Alliance Techsystems as part of its Morris Trust merger… Read More »
Alliant Techsystems(ATK) has taken another step forward towards its spinoff of Vista Outdoor and subsequent merger with Orbital Sciences(ORB). The transaction, which is back on track after a delay caused by the fiery explosion of an Orbital Sciences Antares rocket, is now expected to be completed on February 9. ATK shareholders will receive two shares of Vista Outdoor,… Read More »
https://www.youtube.com/watch?v=UsvUVDTgPoI The dramatic explosion of Orbital Sciences'(ORB) Antares rocket on October 28 delayed a planned merger with Alliant Techsystems(ATK), but it will not derail it. Last April, Alliant announced it would spin off its sporting goods business and subsequently merge its defense business with Orbital. The sporting goods business will be known as Vista Outdoor,Inc. As might be… Read More »