What happened American Outdoor Brands (NASDAQ: AOUT) confirmed yesterday that it has completed the spinoff of its guns division as the newly reconstituted Smith & Wesson Brands (NASDAQ: SWBI). What was left of American Outdoor Brands, however, promptly plunged in price. As of 12:15 p.m. EDT, shares of American Outdoor Brands stock are down 11% -- but is that a bad thing? Image source: Getty Images. So what To find out, let's do a little math. According to Yahoo! Finance data, the last recorded market capitalization of Smith & Wesson Brands stock, still tickered AOBC at the time, was $1.24 billion. Currently, Yahoo! tells us that the guns division, now tickered SWBI, is valued at $939 million. Yahoo! doesn't have data currently on American Outdoor Brands as AOUT, but our friends at S&P Global Market Intelligence do, reporting that American Outdoor Brands sans Smith & Wesson is currently worth $269 million. Now what Data on companies that have just completed a spinoff or IPO can be a bit quirky as financial data providers adjust to the new reality and get their ducks in a row. By tomorrow, I suspect, or at least later in the week (I hope) the kinks will have been worked out and investors can resume relying on the data they see. For the time being, however, if you add up what Smith & Wesson Brands stock is currently worth ($939 million), and what American Outdoor Brands is currently worth ($269 million), you come away with a sum ($1.21 billion) that's very close to what the two stocks were worth when they were still together. In short, I don't think American Outdoor Brands shareholders need to worry overmuch. It may not really be a sell-off we're seeing today, but just a difference in opinion about how to add up the numbers. 10 stocks we like better than Smith & Wesson Brands, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Smith & Wesson Brands, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of August 1, 2020 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source