
Originally Posted by
Danimal
That pretty much sums it up. The idea here is purely to pull as much cash out of the name until it goes under. Then settle the bankruptcy killing off the colt name, and resurrecting another in its place and repeat. I feel bad for the workers and smiths that have invested a career into the company just to watch upper level management drive it into the ground milking all the cash out of the business.
If they really wanted the Colt name to survive, they would have invested in R&D and put out a competitive affordable polymer pistol and a bunch of distinguishable AR furniture. People would have gone nuts over a colt competitor to the Glock/XD/Smith race. It is what HK did, and while they are not screaming back to life, they are doing a whole lot better than Colt is.