Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Forget American Outdoor Brands Corp.: These 3 Stocks Doubled Last Year


Forget American Outdoor Brands Corp.: These 3 Stocks Doubled Last Year

There's little doubt the long-term outlook for American Outdoor Brands (NASDAQ: AOBC) is exceedingly bright. The Smith & Wesson owner has no need to worry gun buyer demand is going to evaporate, and its foot in the door of the rugged outdoors market gives it the potential to vastly expand sales, as the industry is some four times larger than firearms.

Yet it's true the current situation serves as a drag on performance because there are no catalysts for immediate growth. That's why investors wouldn't be wrong to look elsewhere for an opportunity. Where American Outdoor Brands is down 31% of the past year, a number of stocks have actually doubled in value or more, including TrueCar (NASDAQ: TRUE), Conn's (NASDAQ: CONN), and Chemours (NYSE: CC).

Image source: Getty Images.

Continue reading


Source: Fool.com

Like: 0
Share

Comments