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Deleted member 1337
Guest
It’s ok to not have idiots investing in your bullet company.It's just purely optics and politics at work. Many pension plans/university endowments/hedge funds/politically charged entities are being pressured to divest of any and all companies (i.e. sell their stock) if those companies have anything to do with guns, ammo, and/or anything that gets headlines (oil was a big one until recently....). This type of split is quite common to get around that.
An extreme example would be a company could generate $100 billion in revenue from solving world hunger, but if they also made $2 from selling a single bullet, they are deemed uninvestible by many. Letting some other entity book the revenues from that $2 gets around it. Safe to say Simms won't be bucketed alongside Remington.