Colt in Trouble

[Hound]

Quit agreeing with me...... It might give others ideas.

I mentioned this a few years back when Cerebus was buying gun companies . Not far fetched at all

[Great-Kazoo]

Quit agreeing with me...... It might give others ideas.

Agree or not. I've said it before to much dismissing of it as fact. Yet when asked to prove me wrong, the silence was deafening.

[Justin]

The only thing surprising about this is just how long it took to finally send the once-pround pony to the glue factory.

[roberth]

Now why won't FedGov bail Colt out like they did GM, Chrysler and many, many banks?

Doncha just love when FedGov decides winners and loser for ya, kinda like the billions of taxpayer dollars lost when a bunch of solar (fraud) companies went under after FedGov funded their ridiculous plans.

[osok-308]

Hopefully if Colt does go down, it's after I get my hands on one of their rifles. It would be sad to see them go. If they don't maybe they'll learn something from past mistakes?

[Mtn.man]

http://www.guns.com/2015/06/26/colt-...-by-creditors/

[Danimal]

Deleted

[Great-Kazoo]

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.

They did offer a polymer pistol .............................The Colt 2000. rotating bbl, along the lines of a Steyr . Unfortunately Colt failed to listen to the designers (E. Stoner) to name one of them. Colt being Colt went to a 12lb trigger (IIRC) vs the 5 or 6 lb as originally designed / suggested.

[KestrelBike]

Colt being Colt went to a 12lb trigger (IIRC) vs the 5 or 6 lb as originally designed / suggested.

Did they do that for the children?

[Mtn.man]

Same as the last 5 x's they were in trouble.