Why Ammo Stock Just Popped

Rich Smith, The Motley Fool
·2-min read
Why Ammo Stock Just Popped

Ammunition manufacturer Ammo (NASDAQ: POWW) is kind of an odd duck in the investing world. Not because of its field of business -- I've got nothing against ammo makers -- but because of the strange way in which it doles out its financial projections and its actual financial results. This first became apparent back in January, when Ammo pre-announced a "500% increase" in sales for its fiscal 2021 third quarter (which ended Dec. 31) ... then followed that up with a prediction for a 317% increase in sales for its fiscal Q4 ... only to eventually report the official earnings for fiscal Q3 more than a month later.