Invest in POWW? No, literally POWW. (Ammo Inc.) via /r/wallstreetbets #stocks #wallstreetbets #investing
Invest in POWW? No, literally POWW. (Ammo Inc.)
POWW…the ticker for Ammo Inc. an ammunition company.
I think this company will do very well under Biden (as will other gun stocks). Up over 9% today, and they have a patent on a really cool streak visual ammo.
They are expected to report a 306% year over year revenue increase. They also have over $100 MILLION in backlog orders.
Imagine investing in a company that ALREADY has an excess of $100 Million in backlog orders, which is the equivalent to its market CAP.
They will be releasing earnings mid month.
Potential 3 to 5 bagger in the 12 to 18 months I feel. Ammo prices are through the roof right now.
Thoughts?
https://finance.yahoo.com/news/ammo-inc-continues-experience-rapid-123000025.html
https://finance.yahoo.com/news/ammo-inc-expects-report-second-133000953.html?guccounter=1
Edit: "millionmentor", a page with 6.8 followers this on instagram:
https://www.instagram.com/p/CHaoIewDprs/?igshid=1al0csnqzzues
Submitted November 11, 2020 at 05:43AM by ScienceDogood
via reddit https://ift.tt/38wNZgk