Too bad the Federal $0.05/rd rebate isn't still going on!
This isn't a bad deal, either, considering it comes on stripper clips in a steel ammo can:
Federal Lake City 420-rd can of XM855 5.56mm 62gr FMJ-BT ammo
https://www.brownells.com/ammunition/rifle-ammo/5-56x45mm-nato-62gr-green-tip-fmj-420-can-sku105000002-44665-100306.aspxWith the
M3P coupon code, it works out to $144.99 shipped. That's $5 cheaper than from
PSA right now.
Buying loose/bulk lowers definitely lowers the cost/rd, but I generally prefer to spend a little extra to get it on stripper clips because it saves time, and time is money.