Remington files for bankruptcy

[Duc]

http://fortune.com/2018/03/26/remington-bankruptcy-guns-firearms/

Some Remington umbrella companies...
Bushmaster Firearms, DPMS/Panther Arms, Marlin, H&R, The Parker Gun, Tapco, Advanced Armament Corp., Dakota Arms, Nesika, Stormlake, Timbersmith and Barnes Bullets.

 

[MilDot1960]

Sad sad Day for American History and Shooting/Hunting.

 

[Veer_G]

We knew it would happen. It's easier to sic lawyers on corporations than it is to cure our permissive, irresponsible society. I blame useless parents like Nancy Lanza in a large part for this, and more. Given her situation, the decisions that she made were incredible.

 

[...]

Meh.... Colt has filed for bankruptcy how many times now?

 

[Duc]

If you can't legislate them out, run them into the ground.... Takin off the tin foil hat now

 

[Veer_G]

I think the difference here is the embattled nature of national issue politics. Remington is simply one front. We had assumed victory with Trump, when in fact it was only the first battle won by a commander whose command is now coming into question.

 

[Fig]

Break it up, and the parts may be stronger than the whole was.

Remington's been slipping for a while. This was expected.

 

[hlee]

^^^ I bet all of these companies could run more efficiently separately than the could together.

 

[mdmp5]

This has been in the making for a long time since that cancer company bought them. But I'm sure the liberal scum are cheering this as a victory, as if they had something to do with it

 

[TheGerman]

EL OH EL

Don't even care.

 

[500grains]

This bankruptcy is a good thing. Here is why:

1. The Freedom Group had tons of quality problems at both Rem and Marlin. Hopefully they and other companies will take note that quality problems come back to haunt the company.

2. The Freedom Group loaded up its companies with way too much debt. A heavy debt load is bad for all concerned including shareholders, suppliers and customers. Let this be a lesson to them all.

Remington and Marlin will survive, but perhaps with a reduced set of products.

 

[MachoKing]

This bankruptcy is a good thing. Here is why:

1. The Freedom Group had tons of quality problems at both Rem and Marlin. Hopefully they and other companies will take note that quality problems come back to haunt the company.

2. The Freedom Group loaded up its companies with way too much debt. A heavy debt load is bad for all concerned including shareholders, suppliers and customers. Let this be a lesson to them all.

Remington and Marlin will survive, but perhaps with a reduced set of products.

Make a lever in 45-70 that's worth a shit and I'll be a buyer.

 

[500grains]

Make a lever in 45-70 that's worth a shit and I'll be a buyer.

Miroku should start making them for Browning again with no goddamn tang safety or cross bolt safety that some queer lawyer mandated.

 

[madppcs]

You guys do know that Chapter 11 is bankruptcy protection right? They wont be going anywhere. This is to restructure their debt and prevents a company from a type of hostile takeover.

(The company I work for has filed Chapter 11 and I am going through this first hand).

 

[mdmp5]

I just saw some liberal article saying that Remington was responsible for the sandy hook massacre and that only 3% of Americans own guns. If that’s possible, then my circle of friends is almost statistically impossible

 

[500grains]

only 3% of Americans own guns. I

330,000,000 x .03 = 10 million American owning guns.
333,330,000 guns in USA (wikipedia) / 10 million = 34 guns per gun owner.
That would mean my house has 130 guns, which it does not have. So other people must own a lot more guns than me.