Florida Teachers' Pension Fund Is Long AR-15 Gunmaker Stock [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:
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Source: zero hedge
On Tuesday afternoon, Bloomberg was surprised to learn that as it was going through the 2,416 equity investments of the Florida state pension plan, which amount to over $37 billion in market cap, it 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 other words, as Bloomberg puts it, "as Florida teachers grieve over the mass shooting that left 17 students and colleagues dead last week, some of them may be surprised to learn they’ve been helping fund the firearms industry—including the company that made the gun used that bloody Wednesday."In addition to American Outdoors, the filing showed that the Florida Retirement
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