Remington Bankruptcy
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Remington Bankruptcy
If even Barack O. couldn't make them profitable, there might be a real problem there......
https://www.usatoday.com/story/money/bu ... 329096002/
https://www.reuters.com/article/us-remi ... SKBN1FT04C
https://www.personaldefenseworld.com/20 ... r-company/
https://www.usatoday.com/story/money/bu ... 329096002/
https://www.reuters.com/article/us-remi ... SKBN1FT04C
https://www.personaldefenseworld.com/20 ... r-company/
member of the church of San Gabriel de Possenti
lay brother in the order of St. John Moses Browning
USPSA limited/single stack/revolver
lay brother in the order of St. John Moses Browning
USPSA limited/single stack/revolver
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Re: Remington Bankruptcy
$950 MILLION in debt was not cause from a short term sales slump. They were clearly being miss managed for years.
In certain extreme situations, the law is inadequate. In order to shame its inadequacy, it is necessary to act outside the law to pursue a natural justice.
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Re: Remington Bankruptcy
I surely did enjoy the various 870's I've owned over the years. Pump guns that shot many living and clay targets.
Re: Remington Bankruptcy
Doesn't mean they are gone. They made some great shotguns (Versamax) and had some bad handgun decisions. Really messed up the Marlin brand. Time will tell.
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Re: Remington Bankruptcy
They cut Quality controls and ruined the Marlin line ! The Chickens have come home to roost!
I 'm just an Ole Sinner saved by Grace and Smith & Wesson.
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Re: Remington Bankruptcy
The bankruptcy filing is Chapter 11, the company will reorganize and emerge from bankruptcy with a stronger balance sheet.
Annoy a Liberal, GET A JOB!
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Re: Remington Bankruptcy
I wonder if part of the reason for the bankruptcy is to protect the company from judgments from potential lawsuits.
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Re: Remington Bankruptcy
Quality went down the tube, they developed two flops for pistols (3 if you include them as the 1,000th gun maker to make 1911s) No surprise here.
"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so." - Ronald Reagan, 1964
30.06 signs only make criminals and terrorists safer.
NRA, LTC, School Safety, Armed Security, & Body Guard Instructor
30.06 signs only make criminals and terrorists safer.
NRA, LTC, School Safety, Armed Security, & Body Guard Instructor
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Re: Remington Bankruptcy
If they can get out from under Freedom Group, they might have a chance to redeem their brand. This could end up being a good thing.
Psalm 91:2
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Re: Remington Bankruptcy
When I saw that Cerberus had been involved, I no longer questioned what had happened to them. An investment group that probably knows close to zero about firearms.
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Re: Remington Bankruptcy
Word.AndyC wrote:Get rid of investment groups, dump anything handgun-related and focus on building quality 870, 1100 and 700 series long guns.
And cut AAC loose too.
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”
― G. Michael Hopf, "Those Who Remain"
#TINVOWOOT
― G. Michael Hopf, "Those Who Remain"
#TINVOWOOT
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Re: Remington Bankruptcy
And publish an apology for purposely hiding their problems with the 700-series trigger for nearly 2 decades and how many unnecessary deaths...?
https://www.cbsnews.com/news/popular-re ... y-defects/
Remington is already dead to me.
https://www.cbsnews.com/news/popular-re ... y-defects/
Remington is already dead to me.
I am not a lawyer. This is NOT legal advice.!
Nothing tempers idealism quite like the cold bath of reality.... SQLGeek
Nothing tempers idealism quite like the cold bath of reality.... SQLGeek
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Re: Remington Bankruptcy
Sell Marlin back to the fired North Haven, CT fired Marlin Factory workers.AndyC wrote:Get rid of investment groups, dump anything handgun-related and focus on building quality 870, 1100 and 700 series long guns.
KAHR PM40/Hoffner IWB and S&W Mod 60/ Galco IWB
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My Faith, My Gun and My Constitution: I cling to all three!
NRA Endowment Member, TSRA Life Member,100 Club Life Member,TFC Member
My Faith, My Gun and My Constitution: I cling to all three!
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Re: Remington Bankruptcy
Poor management ruining an iconic brand. They can make it through the bankruptcy, but not doing business the way that they are. When I was a youngster, Remington was one of the first brands I thought of when the subject of rifles or shotguns came up. Now it is nowhere near the top of my list. I really hope that they bring in a new management team and reinvent themselves. There is way too much competition for anyone to produce a sub-par product, even an American Icon like Remington.
“While the people are virtuous they cannot be subdued; but when once they lose their virtue then will be ready to surrender their liberties to the first external or internal invader.” ― Samuel Adams