Vista Outdoor is struggling under a pile of debt and a collapse of its core ammunition market due to oversupply.
The company is selling assets in order to get its debt under control.
The company is still generating positive cash flow. It has bought itself some time by renegotiating debt and can dodge the bullet.
Vista Outdoors Inc. (VSTO) stock which was trading at $50+ a share in 2016 has fallen into the single digits. The stock has been covered here at Seeking Alpha by various authors including