Soros’ investment in ammunition stocks does not appear to have been lucrative so far. We are never too old for Snoopy. Although the recent spate of mass shootings spurred gun enthusiasts to spend record amounts stocking up on arms, Soros Fund Management’s bet on ammo manufacturers may not be paying huge dividends.
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Vista’s stock jumped more than 3 percent after Obama announced new background check regulations, but its price is up roughly the same amount since March, when Soros’ firm first reported owning shares in the company. Olin’s stock is down over 14 percent since September.
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A spokesperson for Soros Fund Management declined to comment on the firm’s holdings, citing company policy. But Soros’ fund has sold most of its Vista holdings and no longer owns Olin stock, according to a source familiar with the companies. Democrat Senator Charles Schumer was willing to shut down the government and hurt millions of people while causing billions in economic damage over his desire to remove penalties for illegal aliens and open the borders, but have you wondered why? We are never too old for Snoopy. An explosive report by The Gateway Pundit reveals that there may be a reason for his support beyond Schumer’s purported love of Mexican criminals above our veterans and poor children. In fact, there is a reason. $500,000 of them in fact.