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    camobob

    camobob

    Active Member
    Feb 18, 2013
    482
    Saw this article today:
    https://seekingalpha.com/news/3333674-blackrock-seeks-response-gunmakers?uprof=29&dr=1#email_link

    BlackRock (NYSE:BLK) will speak with weapons manufacturers "to understand their response" to the second-deadliest public school shooting in U.S. history, putting pressure on American Outdoor Brands (NASDAQ:AOBC) and Sturm, Ruger & Company (NYSE:RGR).

    While it has stopped short of saying it would divest its funds of gunmakers, BlackRock is the largest shareholder in both companies and has more than $6T in assets under management.

    This doesn't sound good to me.

    Best contact I could find is:
    BRIAN BEADES
    Head of Americas
    Office: +1 212 810 5596
    brian.beades@blackrock.com

    I'll try to get a hold of this guy today. Just though a little noise from the 'other' side might help.
     
    danb

    danb

    dont be a dumbass
    Feb 24, 2013
    22,704
    google is your friend, I am not.
    If you see a company more interested in politics than their bottom line, short them and buy the market. Management has too much time on their hands and is not paying attention to the competiton creeping up on them. Management should be focusing 100% on making money. Obviously, Blackrock is cushy making too much. Or thinks it is. Actually I work with Blackrock their analytics products suck.
     
    danb

    danb

    dont be a dumbass
    Feb 24, 2013
    22,704
    google is your friend, I am not.
    I should add: A lot of govt employee pensions like CA Pensions (CALPERS) get heavily involved in politics, because unions. So Blackrock may merely be the messenger here, getting pressure from govt employee pensions.

    But govt employee pensions are not doing great financially... maybe they should focus on returns not politics....
     
    camobob

    camobob

    Active Member
    Feb 18, 2013
    482
    I get what you're saying but financials have a lot of leverage.
    It would be better (IMO) to convince them to stay out now rather than deal with the consequences after the fact.
     
    R

    Rangeishot

    Member
    Nov 25, 2017
    23
    Manchester
    I don't see any money making angle on their view. Instead of focusing on new business research. I will be pulling my investments out of blackrock! Let the dominos fall.
     
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