Iconic gunmaker Colt is on the brink of bankruptcy

Gun, shooting and equipment discussions unrelated to CHL issues

Moderator: carlson1

User avatar

joe817
Senior Member
Posts in topic: 5
Posts: 9301
Joined: Fri May 22, 2009 7:13 pm
Location: Arlington

Re: Iconic gunmaker Colt is on the brink of bankruptcy

#31

Post by joe817 » Mon Jun 22, 2015 2:05 pm

JSThane wrote:
joe817 wrote:Here we go. Try this on for size. :cool:

IF Colt does go belly up and the courts order liquidation, I think that someone will buy the trade name Colt and start manufacturing 1911's all over again. And I think the company who will buy the name will be Armscor. :smash:
I'll do ya one worse. Taurus. Imagine one of their revolvers with a prancing pony on the side...
I'd rather not. :lol: :ack:
Diplomacy is the Art of Letting Someone Have Your Way
TSRA
Colt Gov't Model .380

User avatar

AndyC
Senior Member
Posts in topic: 5
Posts: 10686
Joined: Sun Aug 12, 2007 12:34 pm
Location: Garland, TX

Re: Iconic gunmaker Colt is on the brink of bankruptcy

#32

Post by AndyC » Mon Jun 22, 2015 2:07 pm

joe817 wrote:
JSThane wrote:I'll do ya one worse. Taurus. Imagine one of their revolvers with a prancing pony on the side...
I'd rather not. :lol: :ack:
:lol:
Remember Kitty Genovese

Image

Amateurs skip safety-checks - pros don't.
Preferred Travel Agent - 72 Virgins Dating Club, Iraq
There's nothing quite like the offer of 230 grains to a man's chest to remind him of his manners

User avatar

WildBill
Senior Member
Posts in topic: 4
Posts: 17100
Joined: Tue Jul 03, 2007 12:53 pm
Location: Houston

Re: Iconic gunmaker Colt is on the brink of bankruptcy

#33

Post by WildBill » Mon Jun 22, 2015 2:09 pm

AndyC wrote:Be that as it may, I just purchased a new series 80-style (yes, I know) Colt 1911 last night - probably because I'm 50 years old now and have never owned a Colt and it's about time before I die.

I'm going to be removing the offending fire-control parts and replacing the long plastic trigger with a John Harrison medium-length trigger.
Andy, I am glad that you can cross the Colt off of your bucket list. ;-)

I have always liked Colts. In fact, most of the handguns I own are Colts.
NRA Endowment Member

User avatar

AndyC
Senior Member
Posts in topic: 5
Posts: 10686
Joined: Sun Aug 12, 2007 12:34 pm
Location: Garland, TX

Re: Iconic gunmaker Colt is on the brink of bankruptcy

#34

Post by AndyC » Mon Jun 22, 2015 2:10 pm

Thanks, Bill - it's been a long time coming and I'm still a little shocked that I finally have an actual Colt :shock: :cheers2:
Remember Kitty Genovese

Image

Amateurs skip safety-checks - pros don't.
Preferred Travel Agent - 72 Virgins Dating Club, Iraq
There's nothing quite like the offer of 230 grains to a man's chest to remind him of his manners

User avatar

ELB
Senior Member
Posts in topic: 4
Posts: 7410
Joined: Tue May 22, 2007 9:34 pm
Location: Seguin

Re: Iconic gunmaker Colt is on the brink of bankruptcy

#35

Post by ELB » Sat Jul 11, 2015 9:47 am

Morongo Tribe Rides to Colt’s Rescue

From my reading of that article, the title is a bit overambitious: The Morongos have said they're willing to buy, but doesn't sound like they have been taken up on the offer yet...
USAF 1982-2005
____________
“The only thing more enjoyable than seeing your opponent lose an election they rigged is seeing them lose an investigation they rigged.” Author unknown but dead on the mark.

User avatar

joe817
Senior Member
Posts in topic: 5
Posts: 9301
Joined: Fri May 22, 2009 7:13 pm
Location: Arlington

Re: Iconic gunmaker Colt is on the brink of bankruptcy

#36

Post by joe817 » Sat Jul 11, 2015 10:34 am

ELB wrote:Morongo Tribe Rides to Colt’s Rescue

From my reading of that article, the title is a bit overambitious: The Morongos have said they're willing to buy, but doesn't sound like they have been taken up on the offer yet...
Most interesting article ELB! Thanks for posting! Definitely worth the read. :tiphat:

It is an ambitious plan, and it sounds like their desire to own Colt is pretty high on their business plan list. They just might be able to pull it off. I hope they do. BUT, if they do, please, please Mr. Ryce, DO NOT relocate the plant to your headquarters in Palm Springs, CA! :nono: If relocation will happen, take a look at Texas. We'd(at least me) would welcome you with open arms. I think the Governor would too! :txflag:

I love the last paragraph of the article!
Diplomacy is the Art of Letting Someone Have Your Way
TSRA
Colt Gov't Model .380

User avatar

ELB
Senior Member
Posts in topic: 4
Posts: 7410
Joined: Tue May 22, 2007 9:34 pm
Location: Seguin

Re: Iconic gunmaker Colt is on the brink of bankruptcy

#37

Post by ELB » Sat Jul 11, 2015 12:16 pm

joe817 wrote:... BUT, if they do, please, please Mr. Ryce, DO NOT relocate the plant to your headquarters in Palm Springs, CA!
I'd love to see it in Texas also, but I have no idea if the Morongos have any presence here.

What might be interesting about if Morongos take ownership and move the manufacturing (which I doubt, but) to Indian land, I am wondering if they could tell California and the Feds to go pound sand about any of their laws regulating manufacture? They would have to follow some laws since the guns would be 'exported' off Indian land to the rest of the US, but since they (Indians) can have casinos in states that ban or regulate them, I would think they could build civilian "assault" rifles and hi cap magazines and such, and maybe with manufacturing methods that Cali probably tries to restrict (since they try to restrict everything else to the point of civilizational suicide).
USAF 1982-2005
____________
“The only thing more enjoyable than seeing your opponent lose an election they rigged is seeing them lose an investigation they rigged.” Author unknown but dead on the mark.


JSThane
Banned
Posts in topic: 2
Posts: 610
Joined: Sun Sep 18, 2011 12:07 pm

Re: Iconic gunmaker Colt is on the brink of bankruptcy

#38

Post by JSThane » Sun Jul 12, 2015 1:58 pm

For Colt’s Native American suitors, it’s not just business; it’s history, interest and commitment, their attorney said. “We have gone to great lengths to get our hands on Colts,” he said. “Just ask General Custer.”
"rlol"

User avatar

jmra
Senior Member
Posts in topic: 2
Posts: 10351
Joined: Tue Feb 03, 2009 6:51 am
Location: Ellis County

Re: Iconic gunmaker Colt is on the brink of bankruptcy

#39

Post by jmra » Sun Jul 12, 2015 2:00 pm

JSThane wrote:
For Colt’s Native American suitors, it’s not just business; it’s history, interest and commitment, their attorney said. “We have gone to great lengths to get our hands on Colts,” he said. “Just ask General Custer.”
"rlol"
:smilelol5:
Life is tough, but it's tougher when you're stupid.
John Wayne
NRA Lifetime member


Armybrat
Member
Posts in topic: 1
Posts: 138
Joined: Fri Dec 22, 2006 3:01 pm

Re: Iconic gunmaker Colt is on the brink of bankruptcy

#40

Post by Armybrat » Thu Jul 23, 2015 10:37 am

JSThane wrote:
For Colt’s Native American suitors, it’s not just business; it’s history, interest and commitment, their attorney said. “We have gone to great lengths to get our hands on Colts,” he said. “Just ask General Custer.”
"rlol"
:mrgreen:

My new Series 70 .45 in stainless - VERY nice:

Image


Abraham
Senior Member
Posts in topic: 1
Posts: 8399
Joined: Tue Aug 14, 2007 8:43 am

Re: Iconic gunmaker Colt is on the brink of bankruptcy

#41

Post by Abraham » Thu Jul 23, 2015 10:47 am

I read that Colt lost bids on military contracts resulting in their being pushed almost into bankruptcy - That being said: Who/What Corporation/mfg. etc was awarded the contracts?

Anyone here know?

Thanks!

User avatar

joe817
Senior Member
Posts in topic: 5
Posts: 9301
Joined: Fri May 22, 2009 7:13 pm
Location: Arlington

Re: Iconic gunmaker Colt is on the brink of bankruptcy

#42

Post by joe817 » Thu Jul 23, 2015 12:33 pm

Abraham wrote:I read that Colt lost bids on military contracts resulting in their being pushed almost into bankruptcy - That being said: Who/What Corporation/mfg. etc was awarded the contracts?

Anyone here know? Thanks!
Perhaps the answer lies here"

"The downturn for Colt seems to have started after the company, which had relied on sales to the government, lost a multimillion dollar bid for to arm the military.

Following a drawn-out and contentious bidding war, Colt lost its contract to provide the Pentagon with M4 rifles in 2013. The $77 million contract went instead to a Belgian company, F.N. Herstal."

http://www.blackpressusa.com/dropped-by ... lGqSr.dpbs" onclick="window.open(this.href);return false;

A more comprehensive analysis of what forced Colt into bankruptcy is in this article. It's worth a read:

http://www.thenewamerican.com/economy/m ... bankruptcy" onclick="window.open(this.href);return false;
Diplomacy is the Art of Letting Someone Have Your Way
TSRA
Colt Gov't Model .380


chuck j
Senior Member
Posts in topic: 1
Posts: 1983
Joined: Fri May 17, 2013 12:44 pm

Re: Iconic gunmaker Colt is on the brink of bankruptcy

#43

Post by chuck j » Thu Jul 23, 2015 1:51 pm

No one seems to remember but this is when and why Colt failed .

http://www.breitbart.com/big-government ... -bankrupt/" onclick="window.open(this.href);return false;

They never recovered from it , too many mad gun owners , I know because I was one of them .

User avatar

AndyC
Senior Member
Posts in topic: 5
Posts: 10686
Joined: Sun Aug 12, 2007 12:34 pm
Location: Garland, TX

Re: Iconic gunmaker Colt is on the brink of bankruptcy

#44

Post by AndyC » Thu Jul 23, 2015 1:53 pm

Armybrat wrote:My new Series 70 .45 in stainless - VERY nice:

[ Image ]
Very nice indeed. How does she shoot?
Remember Kitty Genovese

Image

Amateurs skip safety-checks - pros don't.
Preferred Travel Agent - 72 Virgins Dating Club, Iraq
There's nothing quite like the offer of 230 grains to a man's chest to remind him of his manners

User avatar

joe817
Senior Member
Posts in topic: 5
Posts: 9301
Joined: Fri May 22, 2009 7:13 pm
Location: Arlington

Re: Iconic gunmaker Colt is on the brink of bankruptcy

#45

Post by joe817 » Thu Jul 23, 2015 2:37 pm

BTW Andy, how does YOUR new series 80-style 1911 shoot, feel, smell, etc. ? :mrgreen:

I'm green with envy!
Diplomacy is the Art of Letting Someone Have Your Way
TSRA
Colt Gov't Model .380

Post Reply

Return to “General Gun, Shooting & Equipment Discussion”