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ASO: Not a meme stock

ASO has earnings tomorrow premarket, and it's supremely undervalued compared to S&P 500 and its industry competitors, despite its impressive run up. I'll let the images below speak for themselves.

Why is ASO bullish: Primarily guns and ammo still.

Position: 150 shares, short 40$ put expiring this month, long 40$ call expiring December.

Full DD report

It's trailing PE is 9.7 while industry/SPY sits at 36+. Forward PE also a great discount.

Literally all independent analysts are bullish

High visibility

https://preview.redd.it/8lf6mk15uu371.png?width=1984&format=png&auto=webp&s=1a81a25e53c49a8d9fc9cad5a4ac681b2b20e23f

With the icing on the cake: 29% short interest and a tiny 90m share float (3.4b market cap)

EPS consensus at .84, lower than their actual last quarter.

However, if you look at the number of new firearms purchased in this quarter, it's at record levels.

submitted by /u/BIRBIGD99
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