Colt has been Run/Managed by Criminals for the last 40 years. There is no denying the company has been used as an ATM by wealth funds and trust fund kids. New owners would take out massive debt, then pull the money out of company instead of investing it in Plant or workers. Then they file bankrupcy. It was litteral theft and fraud. And it happened a few times. Due to their Mil contracts dumb shit creditors kept bailing them out....Now there is no more .mil contracts so they got liquidated instead.The gold standard in bankruptcies?
The actual quality of the guns is unrelated. Colt AR's with the exception of the expanse and some really recent shit has always been the gold standard.
If anything CZ will fix those issues and it should result in even better offerings and options. Best thing that could ever happen.