I have Marlin Guide Gun in 45-70, stainless model. It has the Remington stamp on the barrel so I really expected it to give me trouble. So far, few years and few hundred rounds later, it seems to be pretty solid. I bought 870 last year and it too seems to work well, I’ve not noticed anything subpar on it either.
That said, there does appear to be a sizable echo chamber on the net outlining the quality drop. That’s a shame, Remington is part of America’s history, but, it seems that unless something drastically changes they are adios amigos.
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Return to “Remington faces default”
- Fri Nov 24, 2017 12:43 pm
- Forum: General Gun, Shooting & Equipment Discussion
- Topic: Remington faces default
- Replies: 15
- Views: 2952
- Fri Nov 24, 2017 9:15 am
- Forum: General Gun, Shooting & Equipment Discussion
- Topic: Remington faces default
- Replies: 15
- Views: 2952
Remington faces default
Progs are definitely better for gun business...
“Remington Outdoor, the second-largest U.S. gunmaker has suffered a “rapid” and “sharp” deterioration in sales and a similar drop in profits since January, and faces “continued softness in consumer demand for firearms,” credit analysts at Standard & Poor’s Global Ratings said in a report Friday.
S&P as a result has cut the company’s corporate credit rating — already at a junk-bond-level CCC+ — two full notches, to CCC-, a move likely to make the company’s high-yield debt less attractive to investors and lenders, and force Remington to pay more in interest. The company could face a change in control, bankruptcy, or default on its debt by next year.”
http://www.philly.com/philly/blogs/inq- ... ?mobi=true
“Remington Outdoor, the second-largest U.S. gunmaker has suffered a “rapid” and “sharp” deterioration in sales and a similar drop in profits since January, and faces “continued softness in consumer demand for firearms,” credit analysts at Standard & Poor’s Global Ratings said in a report Friday.
S&P as a result has cut the company’s corporate credit rating — already at a junk-bond-level CCC+ — two full notches, to CCC-, a move likely to make the company’s high-yield debt less attractive to investors and lenders, and force Remington to pay more in interest. The company could face a change in control, bankruptcy, or default on its debt by next year.”
http://www.philly.com/philly/blogs/inq- ... ?mobi=true