Florida Teachers Demand Pension Fund Dump Gunmaker Shares [zero hedge]
AMERICAN OUTDOOR BRANDS CORP (AOBC)
Last american outdoor brands corp earnings: 3/5 04:15 pm
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US:NASDAQ Investor Relations:
ir.aob.com
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Source: zero hedge
Two days ago, while going through the holdings of the Florida teachers pension fund which amount to over $37 billion, Bloomberg found a surprising entry: 41,129 shares in American Outdoor Brands (valued at a meager $528,000, including $306,000 in unrealized profits) according to a Dec. 31 securities filing listing the plan’s holdings. The company, formerly known as Smith & Wesson, is the market of the semiautomatic AR-15 assault rifle that was used in the Valentine's Day shooting on the Marjory Stoneman Douglas High School in Parkland, Florida.In addition to American Outdoors, the filing also showed that the Florida Retirement System Pension Plan also invested in gun company stock issued by Sturm & Ruger, Vista Outdoor and Olin Corp. All of these companies manufacture firearms or ammunition, including assault rifles.Following the Tuesday news, we said that "we expect that these holdings will be liquidated promptly in the aftermath of the highly politicized shooting, and that the anti
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