Gun-Maker Remington files for bankruptcy...

Discussion in 'The War Room' started by Strychnine, Feb 13, 2018.

  1. Strychnine

    Strychnine Gold Belt

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    "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]
     
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  2. Rational Poster

    Rational Poster Scourge of the War Room

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 [​IMG]
     
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  3. TapoutforSprawl

    TapoutforSprawl Purple Belt

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    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.
     
  4. uncommon

    uncommon Brown Belt

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    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.
     
  5. Cubo de Sangre

    Cubo de Sangre Steel Belt

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    Yeah, ain't nobody bragging about owning a Bushmaster these days.
     
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  6. Teppodama

    Teppodama Black Belt

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    But they still brag about mastering the bush they think they own.
     
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  7. curryjunkie

    curryjunkie mixed marital arts...

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    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
     
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  8. Happiness

    Happiness Silver Belt

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    Haha, the NRA should funded the shit out of the Clinton campsign.
     
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  9. JudoThrowFiasco

    JudoThrowFiasco Charming Quark Platinum Member

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    free market at work
     
  10. Gregolian

    Gregolian .45 ACP Platinum Member

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    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".
     
    Last edited: Feb 13, 2018
  11. Gregolian

    Gregolian .45 ACP Platinum Member

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    Fuck you BioWare and EA for fucking that series up.

    Fuck you
     
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  12. floivanus

    floivanus Green Belt

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    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
     
  13. Gregolian

    Gregolian .45 ACP Platinum Member

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    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?
     
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  14. Gregolian

    Gregolian .45 ACP Platinum Member

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    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.
     
  15. AznTrojan

    AznTrojan Silver Belt

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    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
     
  16. Johnny Mac

    Johnny Mac Double Yellow Card Double Yellow Card Yellow Card Banned

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    The lack of firearm sales is because our America loving President is not attacking the second amendment on a daily basis.
     
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  17. Scrody

    Scrody Gold Belt Platinum Member

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    Remington has been floundering for awhile now.
     
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  18. jefferz

    jefferz Gold Belt Platinum Member

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    I don't know if they're still popular, but everyone my age growing up had a 10/22.
     
  19. Gregolian

    Gregolian .45 ACP Platinum Member

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    That's Ruger though, not Remington.
     
  20. Lord Palis

    Lord Palis ♔ Lord of Jameson

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    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?
     

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