Gun-Maker Remington files for bankruptcy...

Discussion in 'The War Room' started by Strychnine, Feb 13, 2018 at 12:46 PM.

  1. Strychnine Gold Belt

    Strychnine
    Joined:
    Dec 8, 2006
    Messages:
    20,890
    Likes Received:
    15,319
    Location:
    Georgia, USA
    "Remington, the gun maker beset by falling sales and lawsuits tied to the Sandy Hook Elementary School massacre, has reached a financing deal that would allow it to continue operating as it seeks Chapter 11 bankruptcy protection.

    The maker of the Bushmaster AR-15-style rifle used in the Connecticut shooting that left 20 first-graders and six educators dead in 2012, said Monday that the agreement with lenders will reduce its debt by about $700 million and add about $145 million in new capital.

    The company was cleared of any wrongdoing in the shooting, but investors repulsed by the massacres distanced themselves from the company's owner, investment firm Cerberus Capital Management. Cerberus acquired the gun maker in 2007, just when gun sales began to skyrocket."


    https://www.msn.com/en-us/money/com...bankruptcy-court/ar-BBJ2xWu?OCID=ansmsnnews11

    With no Democrat in office to "take their guns away", it looks like people aren't arming their "From my cold dead hands" bunkers to the teeth anymore...

    It also seems that the threat of the "Deep State" isn't enough to save Remington either.

    [​IMG]
     
    #1
    panamaican, tdluxon, IGIT and 3 others like this.
  2. Rational Poster Scourge of the War Room

    Rational Poster
    Joined:
    Sep 18, 2013
    Messages:
    23,020
    Likes Received:
    19,803
  3. TapoutforSprawl Purple Belt

    TapoutforSprawl
    Joined:
    Jul 4, 2008
    Messages:
    1,714
    Likes Received:
    1,261
    Location:
    WI, USA
    These gun makers can't survive without a Democrat in office and the NRA pushing the lie that the government will come in the night to take your guns.
     
    #3
  4. uncommon Brown Belt

    uncommon
    Joined:
    Oct 13, 2010
    Messages:
    2,909
    Likes Received:
    3,233
    I wonder what their primary sales came from?

    870 pump the r700 and bushmaster?

    mossberg probably ate up the 870 sales

    and the trigger problem on the r700 hurt

    and then there is simply too many competitors in the 223 market.

    maybe they were just too bloated.
     
    #4
  5. Cubo de Sangre Steel Belt

    Cubo de Sangre
    Joined:
    Mar 4, 2014
    Messages:
    26,462
    Likes Received:
    20,771
    Location:
    Hell

    Yeah, ain't nobody bragging about owning a Bushmaster these days.
     
    #5
    Gunny, Cuauhtemoc, jlagman and 6 others like this.
  6. Teppodama Black Belt

    Teppodama
    Joined:
    Dec 19, 2014
    Messages:
    5,705
    Likes Received:
    7,903
    Location:
    Online
    But they still brag about mastering the bush they think they own.
     
    #6
    Strychnine and Johnny Mac like this.
  7. curryjunkie mixed marital arts...

    curryjunkie
    Joined:
    Jun 13, 2014
    Messages:
    4,825
    Likes Received:
    6,925
    there must be dozens and dozens of gun manufacturers in the US judging by the tradeshow videos i saw on youtube, competition must be fierce, its inevitable established ones will come under financial pressure
     
    #7
    TurboHolocaust, IGIT and sub_thug like this.
  8. Happiness Silver Belt

    Happiness
    Joined:
    Oct 5, 2008
    Messages:
    10,916
    Likes Received:
    4,162
    Haha, the NRA should funded the shit out of the Clinton campsign.
     
    #8
    tonni, PEB and Strychnine like this.
  9. JudoThrowFiasco Charming Quark

    JudoThrowFiasco
    Joined:
    Jan 20, 2014
    Messages:
    19,734
    Likes Received:
    18,804
  10. Gregolian .45 ACP

    Gregolian
    Joined:
    Nov 12, 2009
    Messages:
    40,544
    Likes Received:
    12,960
    Location:
    Gun Shop
    I'd say you're both wrong. While not having a Dem in office certainly has caused sales to go down in general.... Remington as a company has been FUCKED ever since they were bought by Freedom Group.

    Freedom Group has purchased Remington, Marlin, and Para Ordnance and Para basically fizzled into non-existence (their claim to fame was double stack .45 1911s which Remington unveiled late last week to which everyone is like 'so... it's a Para, made by shitty ass Freedom Group with a Remington stamp?').

    ALL THREE companies, 2 of which are super old school well known, since being purchased by Freedom Group have seen pretty bad quality control dips. Remington had that famous recall of R700's because the triggers would just go off with a minor bump due to piss poor engineering/quality control and Marlin as a whole just has fallen off in quality.

    I bet if you look at Glock sales, companies like Anderson, Palmetto State, and others that manufacture/sell stuff like AR lower receivers their sales are still decent. I bet Winchester, Weatherby, Savage, and others are also in that same bracket.

    Remington filing for bankruptcy is cause of Freedom Group having pisspoor QC.

    EDIT:
    @Cubo de Sangre and probably @RerouteToRemain know that I have a Remington 700 short action that I have been using for a project that I will be buying an aftermarket trigger for. I never get after market triggers for bolt guns but cause it's a post Freedom Group Remington I don't trust it.

    EDIT 2:
    Yes, gun sales of finished product guns like Colt 6920s and such have gone down. But with the amount of stuff on backorder at Brownells and PSA I'd argue sales of gun parts and little modification things are still very healthy.

    EDIT 3:
    If I was building my precision rifle off of a Weatherby/Howa action I would not replace the trigger.

    Also, me saying "you guys are wrong" might be a bit harsh. More like "I think you're off/very much incorrect".
     
    #10
    Last edited: Feb 13, 2018 at 2:05 PM
  11. Gregolian .45 ACP

    Gregolian
    Joined:
    Nov 12, 2009
    Messages:
    40,544
    Likes Received:
    12,960
    Location:
    Gun Shop
    Fuck you BioWare and EA for fucking that series up.

    Fuck you
     
    #11
    Morning Star, Dalarna3, 7437 and 4 others like this.
  12. floivanus Green Belt

    floivanus
    Joined:
    Feb 12, 2008
    Messages:
    1,137
    Likes Received:
    1,053
    Great post, not to forget freedom group bought out H&R, tapco, DPMS/panther and marlin, among a list of other brands.

    You’ve got a company who comes in, makes quick money, bolsters their pocket books and makes BAD business decisions (moving 100 year old worn out equipment to a new location and firing the people who know how to run it, and hiring people who don’t know how to make adjustments to keep things in spec) in the name of short term profits; before they dump the whole lot
     
    #12
  13. Gregolian .45 ACP

    Gregolian
    Joined:
    Nov 12, 2009
    Messages:
    40,544
    Likes Received:
    12,960
    Location:
    Gun Shop
    They're 100% too bloated.

    They have bolt guns ranging from hunting to precision guns and shit. THEN they have like 3 different models of bolt guns depending on how much you want to spend.

    Multiple shotgun lines

    1911s

    AND weren't they the ones that released that POS wannabe Glock that everyone hated?
     
    #13
    Atomic 187, uncommon and floivanus like this.
  14. Gregolian .45 ACP

    Gregolian
    Joined:
    Nov 12, 2009
    Messages:
    40,544
    Likes Received:
    12,960
    Location:
    Gun Shop
    For me, DPMS/Panther I feel were nearing the end anyway with companies like Fortis, Spikes, and others making lowers and parts out there. You rarely see people run full stock DPMS/Panther stuff on their Lego set ARs.

    The most egregious thing Freedom Group did was Marlin. Real unforunate what happened to the very affordable but damn good quality lever gun. The market basically had Marlin and Henry with Marlin being the most practical cause they didn't use brass on everything and you could actually USE the gun rather than safe queen it (like a Henry). Since Freedom Group.... Henry is like the only lever company I'd even look at now.
     
    #14
  15. AznTrojan Silver Belt

    AznTrojan
    Joined:
    Aug 27, 2006
    Messages:
    10,816
    Likes Received:
    1,183
    they literally should be thanking obama for their increased business.. oh well.. they can line up an get a coal mining job because it's gonna be the next big thing
     
    #15
    ookii, tonni, Rebound59 and 1 other person like this.
  16. Johnny Mac White Belt

    Johnny Mac
    Joined:
    Feb 6, 2018
    Messages:
    30
    Likes Received:
    69
    The lack of firearm sales is because our America loving President is not attacking the second amendment on a daily basis.
     
    #16
    uppercutbus, Teppodama and Scrody like this.
  17. Scrody Gold Belt

    Scrody
    Joined:
    Jan 29, 2008
    Messages:
    15,953
    Likes Received:
    1,394
    Remington has been floundering for awhile now.
     
    #17
    Johnny Mac likes this.
  18. jefferz Gold Belt

    jefferz
    Joined:
    Jul 23, 2011
    Messages:
    17,499
    Likes Received:
    16,010
    I don't know if they're still popular, but everyone my age growing up had a 10/22.
     
    #18
  19. Gregolian .45 ACP

    Gregolian
    Joined:
    Nov 12, 2009
    Messages:
    40,544
    Likes Received:
    12,960
    Location:
    Gun Shop
    That's Ruger though, not Remington.
     
    #19
  20. Palis ♔ Realest #1

    Palis
    Joined:
    Sep 5, 2012
    Messages:
    16,017
    Likes Received:
    16,104
    Location:
    ✌ @King_Palis
    This is one of the weirdest Libtard 'my team won something' cheerleading threads made in a long time. What do you idiots think that Remington owns all the guns or something? I dig my remington 700 but the other 80% of my guns aren't Remington and I have no need to purchase another Remington.

    You guys are really looking for a win somehow, someway right?
     
    #20

Share This Page

monitoring_string = "fd5733925866a04e50edd70f38dfaa35"
monitoring_string = "603ac9fff68f23709f2a42bf5e29272b"