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Read this in the NRA magazine. Took me a while to see it, since I only read in the bathroom these days...
Says they'll be closing their Maine plant, and moving any production elsewhere.
I've thought for a couple of years now that Bushmaster was floundering MORE than a bit, they're part of a giga-corporation now, the one that owns Remington.
Sad in a way, I consider them the company that broke Colt's stranglehold on the civilian AR market.
I'll get over it.
*continues cleaning Stag*
They are just consolidating and eliminating duplicate overhead. I'm sure their lack of quality control and miserable customer service will continue to remain at or below the levels most have come to expect from them.
I spoke with Bushmaster about 2 months ago and asked about the shutdown/move. From what the rep said it sounded like they were headed to South Carolina or similar. Hopefully they tighten up their QC
More discussion here:
http://www.co-ar15.com/forums/showth...ght=bushmaster
I've been trying to track down the truth in this rumor, that George Soros is a controlling stockholder in Cerberus Capital Management. What open reports that exist do indicate that he's the controlling factor behind Cerberus...
If so then the guy that has ADMITTED to tanking our currency, admitted to tanking currency markets in Europe, is now in control of the very things that make our 2nd amendment possible. Does anybody really think he wont do that? Really?
Consolidation is always the reason, "elimination of overhead", "duplication of effort"... Etc...
This is the guy that funded Moveon.org, that funds individual state legislative campaigns to eliminate our gun rights. And he owns:
Cerberus Capital, which in turn WHOLLY owns Freedom Group, the holding company for:
http://www.freedom-group.com/
by their own admission, the largest commercial manufacturer of civilian ammunition in the world.
i didn't think too much of bushmaster going out, but I started looking more...
I have 100rds of israeli 50bmg AP on a belt that I'll put up against something of similar value to say that at some point in the next five years, Cerberus is going to gut our firearms industry by some method, perhaps by selling it piecemeal to various "investors" who will put them out of business...
Starkist Tuna and Chicken of the Sea are now produced by slave labor in the pacific rim... wonder who's going to make our ammo?
have we all forgotten Bangor Punta and their acquisition of S&W?
the single scariest part of this, is that it's George Soros, who has spent an inordinate amount of time and money to influence the political systems in countries where he stood to make a profit, but not an honest profit, an profit at the expense of that country's economy.
I wasn't this scared when President Obama was elected.
Quote:
Originally Posted by ldmaster
Cerberus Capital Management is not a publicly traded company, ergo there is no such thing as a "controlling stockholder" as there is no stock to be held.
If you look at the execs at Cerberus and do some digging on each one you'll find that they don't tend to follow the Soros mold (ie they're not involved in leftist politics)
http://www.cerberuscapital.com/Biographies.aspx
In fact most of them are Republicans (not that that makes them 100% trustworthy, but if you look at organizations run by Soros they are usually run by committed progressives that are very open about their politics).
Sources please? The only connection I find between Soros and top people at Cerberus is that Soros funded groups (like media matters) have published lots of articles making these guys out to be as bad if not worse than the Koch brothers.Quote:
What open reports that exist do indicate that he's the controlling factor behind Cerberus...
Whats funny is that when you start digging, most of the "Soros controls Cerberus" stories resolve back to articles on David Icke's site (for those of you unfamiliar with Mr. Icke, he makes Alex Jones look like a sane, rational, reasonable person).
who cares if they move. they use to be up in maine before this.
The source of this rumor was posted by Andrew Jackson on the Dead Presidents Still Run This Country Forum on August 12, 1913 @ 21:02... It was promptly pulled down by Admin D.D. Eisenhower a few minutes later...Quote:
Originally Posted by ldmaster
It's a private equity firm run by Feinberg, not exactly a guy known for his leftist views. Some divisions/holdings are headed by old Geo. H. Bush cronies like Dan Quayle and G.W.'s cronies like Snow....
Its amazing how quickly the "Soros controls Cerberus" conspiracy grew legs and ran ... But then again ole Sam Clemens may have said it years ago; A lie can travel halfway round the world while the truth is putting on its shoes.
No, truth is that he is linked to Cerberus in more than one way.
It's irrelevant that Cerberus is private, private organizations STILL have stock, they're just not publicly traded. I should know, I have stock in two private investment funds.
When a private investment firm buys a corporation, they do it for profitable reasons:
1. The business itself is potentially profitable, but might be dying under a debt load that's unmanageable. The investment groups buys out the debt and provides funding for the organization with either a deferred reimbursement, or a regulated one that doesn't cause the company to go under.
2. The holding then enters into an agreement, to whit, it will ONLY seek new funding for new ventures through the capital investment firm that owns it. The firm gives them management advice and risk analysis and generally regulates the potential expansion or improvements through either providing funding, or withholding it.
but it takes a holding company to administrate things, there is SUPPOSED to be a layer of insulation between the capital investment firm and the company itself, ostensibly, to protect the investors in the held company. But a privately held investment firm can hold publicly traded companies, it's actually a pretty normal thing.
Still scares me, since a privately held firm does not have to reveal their contracts with a holding company - only the FTC can review these, they're considered proprietary information and cannot be revealed.
With one company owning another, who owns another, with an interest in a fourth, etc... The spider's web is complex and even the dedicated investigators at the FTC are entirely overwhelmed, by the time they can get to the bottom of a problem, it's probable that the company in question who did the deed will have dissolved.
Soros Investments does, indeed, hold interests in three investment companies who hold interests in Cerberus, the EXTENT is unknown. But he managed to dump the British Pound and the Dollar with a position far less than 5 percent at the time he did it.
Oh, I forgot, like Matt Drudge, I must be a kook - President Clinton just COULDN'T have had sex with Monica Lewinsky - everybody said so. Forget that it's the kooks that set me off, I've just spent five hours tracing "positions" upwards from Cerberus.
But it's an absolute fallacy that a privately held company does not issue stock.