This Stock Is About to Split in Two. Here's Why Both Companies Will Be Buys.
Vista Outdoor (NYSE: VSTO) is using the completion of the most successful year in the company's history to serve as the launchpad for splitting itself in two. The outdoor gear and shooting sports leader will split its businesses into two stand-alone, publicly-traded companies.
Because outdoor recreation has become a fast-growing market, especially after the pandemic inspired consumers to get outside and get away, and shooting sports has its own catalysts for future expansion, investors should see both of the companies as excellent investment opportunities.
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Source Fool.com
