Buy POWW by Oct 21, 2026.

OK. I've gone through everything. The actual data. Let me give you a real answer. \--- POWW. Here's the thesis in plain terms: [GunBroker.com](http://GunBroker.com) is literally eBay for guns. The ammo business got sold to Olin Winchester for $75M in April 2025 and what's left is a pure marketplace — 87% gross margins, $22.3M adj EBITDA, $68M cash on the balance sheet, and an active $15M buyback quietly eating the float. Market cap right now is around $261M. You're buying …