Guns is our meat and the one field we have fhe know-how in. That should be our first and foremost interest now and as Time moves along. Whether to add new lines, ammunition as you mentioned two or three years ago, or other lines semi-related to guns, such as various sporting goods items, boats, skiing items or what-not, is where we should move with greatest caufion and concern. Too offen fhings are not as easily accomplished as the ideas may indicate. 1 would think more than twice before leaping here. On expansions generally, as one studies the many companies who have ventured in this manner, there are far more failures than successes. | am sure they all thought the picture was clear before undertaking, but if was a far different story when it came to carrying out the plans, Also, the greatest number of successes in expansion have been achieved by taking over, by acquisition through stock trading, and not through entirely new attempts to It is where two or into new fields. break more exisfing companies, well established fields, merge under in their respective one joint ownership and management. Even this calls for study over much time before acting. The foregoing expresses our views and we have falked much about this the past couple of years, or since you first mentioned two or three years ago. We are willing fo support you in your planning within the above delineated avenues and shall gladly come there for any special meeting you may call. Best wishes, always. Sincerely,