Maran Capital on American Outdoor Brands (AOUT): “Valuation Remains Undemanding”
Maran Capital Management, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. A return of +22.5% was delivered by the fund for the Q1 of 2021. Over the past five years, the partnership has compounded at a rate of +19.8%, net. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Maran Capital Management, in their Q1 2021 investor letter, mentioned American Outdoor Brands, Inc. (NASDAQ: AOUT), and shared their insights on the company. American Outdoor Brands, Inc. is a Columbia, Missouri-based outdoor sports and recreation products manufacturer that currently has a $362.3 million market capitalization. Since the beginning of the year, AOUT delivered a 36.20% return, extending its 12-month gains to 51.79%. As of April 30, 2021, the stock closed at $25.85 per share.
Letter: Boulder can strike at finances of gun makers – BizWest
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K Street loses a friendly ear in Congress with Brady retirement
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Another round of mass public murders has put gun safety back on the national agenda. On Thursday, President Biden pledged determination without surcease â while announcing several relatively minor measures. Speaking in the Rose Garden, the president said he had ordered the Department of Justice to devise a way to crack down on un-serial-numbered âghostâ guns that can be bought without background checks and assembled from kits or 3-D printers, and to further regulate stabilizing braces that effectively turn pistols into short-barrel rifles.
He also promised DOJ would prepare a model statute for states that want to enact a so-called âred flagâ law, which authorizes judges to order the removal of firearms from people they deem a threat to themselves or others. Thatâs all good as far as it goes â but it doesnât go particularly far.