BUZZ-Firearm stocks reload after two-week selloff

By Kitco News / March 02, 2018 / www.kitco.com / Article Link

** Shares of gun makers rebounding for a second day on Fri, evenafter Smith & Wesson-owner American Outdoor Brands gives weak qtrly outlook

** AOBC up 1.9 pct, and rival Sturm Ruger & Company jumping 5 pct** Blackrock Inc said it has started asking gunmakers tough questions about use of their firearms in massshootings; Index fund operator BLK is largest shareholder inAOBC and RGR ** Blackrock also said it might create index-basedportfolios that exclude gun makers and retailers** AOBC late on Thurs provided weak earnings outlook, butalso said some retailers saw increased foot traffic followingFeb 14 mass shooting at Stoneman Douglas High School inParkland, Florida ** Mass shootings in the past have driven some consumersexpecting potential new gun restriction measures to buy morefirearms** Since the Feb 14 shooting, AOBC remains down 11 and RGRis down 5 pct** Multiple brokers cut price targets on AOBC after itsfiscal Q3 report; However, Craig Hallum analyst Steve Dyer wrotein report that "a confluence of recent events" put a bottom onthe stock

2542; Reuters Messaging:noel.randewich.thomsonreuters.com@reuters.net)) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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