Vista Outdoors reports a $1 Billion ammo backlog..

[def90]

Looks like it's going to be a while this time.. and to think that they are just one of many companies that are likely in the same position.

https://www.foxbusiness.com/lifestyl...acklog-billion

"Big-name shooting sports company Vista Outdoor Inc. reported ?over a year?s worth? of backlogged ammunition orders worth more than $1 billion, an official said recently.
Vista was reporting its second-quarter earnings when CEO Chris Metz detailed what announced the backlog, which he called ?unprecedented? for the company.
"We currently have over a year's worth of orders for ammunition in excess of $1 billion," Metz said during the Nov. 5 call. ?With demand far outstripping supply and inventory levels in the channel at all-time lows, we see strong demand continuing, and this metric informs our viewpoint of what a recovery or normalization could look like."

[arbol]

There's still some hope for this country... ammo is short.

[ferrum]

1 billion isn't much when 9mm is $0.50 a round ��

[def90]

1 billion isn't much when 9mm is $0.50 a round ��

$1 Billion would be what their contracts are with their distributors not retail.. so if taken at retail price this would likely be around $3 Billion. Typically in the business of selling goods the rep firm or distributor gets it at whatever price from the manufacturer, they mark it up and then sell it to the end dealers who then mark it up again to sell at retail to the consumer. a $5 item from the manufacturer will be marked up and cost the end consumer $15-20.

[ferrum]

It was a joke...smiley got reformatted

[def90]

It was a joke...smiley got reformatted

Ahhh, what does it take to update the forum software to fix this issue anyway?

[buffalobo]

Were they forum smileys?

[ferrum]

Nope

[5280Shooter]

At this point, the first opportunity for ammo to go down in price will be 2022 midterms, and that is assuming things go well for the 2nd Amendment during that election. And even the GOP manages to have majorities in the House and the Senate, I won't expect too much of drop in ammo or gun prices as long as Biden is in the White House.

[Great-Kazoo]

At this point, the first opportunity for ammo to go down in price will be 2022 midterms, and that is assuming things go well for the 2nd Amendment during that election. And even the GOP manages to have majorities in the House and the Senate, I won't expect too much of drop in ammo or gun prices as long as Biden is in the White House.

Biden's gone by mid year if that. It's not biden you need to worry about. It's the soon to be announced Gun Czar, Beto Oh. IF, key word IF the d's are 1 shy of a majority in the senate. Harris is the tie breaker. Throw in a handful of fuktard politicians, who consider them self as R's, and the recipe is there.