Own and used a lot of Remington's with great luck. Guess we'll see what happens.
http://www.foxbusiness.com/markets/2...-bankrupt.html
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Own and used a lot of Remington's with great luck. Guess we'll see what happens.
http://www.foxbusiness.com/markets/2...-bankrupt.html
I think that would be a detriment to all Americans if true.
That's what happens when you let your product's go to shit. They did it to them selves.
+1Quote:
Originally Posted by beast556
Bankruptcy possibly eliminates the lawsuits against themQuote:
Originally Posted by Otterbatcat
This was part of the grab by Cerberus, snapping up a number of manufacturers and creating Freedom Group. That went well.
The initial investors were able to cash out. Now they have a lot more debt than the companies are worth.
Thanks Freedom Group. Seems they gummed up much of the gun manufacturing. After reading a puff piece in American Rifleman I though they might be turning things around in terms of quality. I dont think it happened. Oh well, lots of used one out there of good quality.
You can bet the corporate bigwigs got their offshore accounts stuffed full.
^this 100% ask bushmaster they got chewed up. That's when Windham Armory came to be, the old staff started up building rifles again. Correct me if my history is wrong guys it's been awhile since I've though about that.Quote:
Originally Posted by Gman
My first gun/ rifle is a Remington and I had a 700 that was the best and most accurate rifle I ever owned. I had to sell it several years ago when times were tough and I really wish I had it back. I contacted the guy I sold it to but he had sold it when he lost a job. Every time I attend a gun show I have an eye out for it, it was special and I would know it anywhere. Remington will emerge from BK and we will still have great guns coming from them.
Remington isn't the only gun company facing hard times. But companies go through bankruptcy all the time. It's not like they're going out of business.
I have a Remington 700 that I bought new that shoots 2 inch plus groups. Next rifle I bought was a savage 10 fp. Half inch groups for half as much money. I've bought three savages in a row.
The Remington makes me feel like I bought an 800 dollar project gun.
Convenient timing with what must be millions in rebates pending.
Didn't Winchester go under a few years back, only to emerge under another name or another corporate shell?
I've been waiting for my rebate for almost 4 months. I don't think I will get it now.Quote:
Originally Posted by Jer
That article is a bit odd... Black Friday 2017 saw a record number of gun sales BGC both at the NICS level and CBI here in CO. Perhaps Remington didn't reap many benefits from that, but I would hardly say demand for firearms has dried up. Maybe they're having a tough go of it, but all the industry folks I've spoken to have said that sales are up this year by comparison to last year- especially with the demand for Sig P320 (following the Army's decision- prior to the drop issue), and Glock sales are at an all time high. Also, a few are saying next year's SHOT Show is going to reveal some new products expected to be big sellers. The market is doing just fine. Perhaps some manufacturers aren't able to keep pace?
I would guess that the types of firearms that are setting record sales are AR-type rifles and all sorts of handguns, mostly semi-autos. I don't know if Remington still makes the R15 but other than that, I can't think of anything that Remington makes that would fall into the "popular gun" category. The 700 has well documented safety issues, and I've never heard whether or not they finally resolved those. Either way, I would think the damage has been done based on internet reports, TV news hit pieces, etc. The smart thing for Remington to do, IMO, is to completely redesign the 700 and - most importantly - give it a completely new name so there is no association in the public mind to the old, dangerous 700's.Quote:
Originally Posted by Ronin13
Bottom line, the bump in firearms sales is not likely to have helped Remington.
FWIW, I have a stock 700P LTR that shoots 1/2 MOA with factory loads.Quote:
Originally Posted by CapLock
Remington's ass-raping of Marlin left a pretty bad taste in the Marlin lovers world. They're slowly getting better but there were a lot of turds produced.
Isn’t the 870DM (detachable mag) coming soon?
I've never like Reminton's branding they do on the right side of the slide on their semi-auto handguns - it reminds me of what Gunsmoke used to do. They may or may not be good handguns but I'll never know first hand as I have zero interest in owning one of those handguns that you can read the brand from across the street.
That is quite ugly... not to mention their sub-compact, the R51 is one FUGLY pistol. I still love my R700 though.Quote:
Originally Posted by theGinsue
The R51 is a steaming pile, even after their recall and redesign. A real shame, as I liked the looks of the gun.
I had an R1 1911, and I didn't mind the stamping on the slide. It was a bit much, yeah, but not enough to bug me, like the Gunsmoke slides would have.
It's too bad too because I had such hopes before it's release & subsequent redesign. It's a great idea on paper but poor execution unfortunately.Quote:
Originally Posted by Ridge
It was going to be a little American PPK. Instead it was a PPK/Shit
Will probably become another Chinese/European owned company soon.
I think at this point a Pakistani made short sword has more hallmarks of quality than the latest Remington guns. This couldn't have happened to nicer folks.
I did a lot of research before I picked up a Marlin from a forum member here, having never owned one before. There is a big feeling of Marlin stuff going to shit after Remington.Quote:
Originally Posted by rondog
Correct me if I'm wrong, but what I found was that the first year or two, there were a lot of turds put out there. Then they got their tooling and QC back in line after the move and quality went back up. The lever gun I have was made in '10 IIRC and is a very well made, fit and finish is beautiful, and it shoots and functions perfectly. I friggin love it.
The hard core Marlin guys on the Marlin forums and such believe that anything without the JM stamp is total shit. Hardly. Maybe more desirable for resale value though.
The problem with laurels is they make a horrible bed.Quote:
Originally Posted by vectorsc
Based on the fact that all three of my top level executive and all three of my engineering contacts at Remington left this year...I would say they are in trouble.
The QC has declined in some (not all) of their product lines as well. They had some serious QC issues in some lines, others were minor. But being behind the curtain, it sure looked to me like apathy more than anything else. Bean counters over-ruling designers, marketers and engineers is never a good strategy from a health perspective. Yes, they built a new factory in Alabama for ammunition production.
All that said, the moves they have made in the past 5 years make them ripe for a buyout, which the owners may in fact have done on purpose. They are also well positioned for a buy and sell off of the profitable lines while liquidating those losing money. Also realize it is not just "Remington" but also Bushmaster, AAC, Marlin, H&R, Dakota Arms, Para, Parker, Tapco, and Barnes. Remington itself could easily be considered to be 4 different entities in how it is structured. Remington long guns are not going to cease production anytime soon. But some of their other lines I will bet get hacked. I am already seeing the price drops at distributor level in a few lines. They ran a 35% off parts and accessories sale over Thanksgiving week.
https://www.remington.com/shotguns/p...n/model-870-dmQuote:
Originally Posted by Scanker19
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A 3 or 6 magazine, pump-action shotgun? [Smart] It's going to take a lot more than that to win back American gun enthusiasts.Quote:
Originally Posted by crays
Did you not see point 3? It is driven by a heart of steel.Quote:
Originally Posted by kidicarus13
A terrible idea. Who was asking for this?
I'd have one. Probably make a big distance in 3-gun, says a guy whose never shot 3-gun.
And guys who have never shot 3Gun have already brought them up...puts you in Open, and it is still slower than the M2s we use in Tactical/Limited. So if you like a gun that is going to handicap you significantly in the fastest division, sure thing. :) Most decent 3Gunners put 8 in their shotgun in around 4 seconds and we can load 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, or 12 as needed. With the 870DM, you get 3 or 6 rounds, no select load ability (needed) and are still slower. To me it is the biggest dud Remington has ever come out with and illustrates a one step back mentality.Quote:
Originally Posted by Irving
Why not a belt fed (right to left feed) pump shot gun?
But it ain't about Sandy Hook or Trump...they have been on life support for a long time.
Who would have thought that buying successful gun companies, closing the original factories, firing 95% of the original workforce, consolidating all manufacture at one common facility and "streamlining" production with modern industrial techniques (MIM, matte finish, polymer parts) would NOT be successful???
That might never have been the point. I believe that buying companies, liquidating assets, then letting them close is a thing. I've no knowledge of this incident, just throwing that idea out there.