AMMO Inc Misfires; Could It Recover?
POWWAMMO(POWW) Seeking Alpha·2024-06-17 21:36

SlayStorm/iStock via Getty Images I have written, and I have invested in AMMO, Inc. (NASDAQ:POWW) (POWWP) during the last decade. Thankfully, I was not invested for the earnings release as the stock experienced a massive one-day implosion as seen in this 1-year chart. The question we ask today is why did this stock drop so much, and should we invest in AMMO, Inc.? AMMO, Inc. Implodes (Google Finance) Inflation Eats AMMO Alive The first obvious problem is AMMO is suffering from inflation. Ammo components suc ...