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

[Justin]

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

[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.

[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.

[Hound]

Ya.... Seriously... What do you figure are the odds of opening up another lead factory. If the powder shops were to be closed (its not like there are a lot of them), how long (if ever) would it take to open up a new one? There are several companies that could/would cause serious disruption if not irreparable damage to the gun industry. We are not talking about capitalism here. We are talking about targeted disruption to the gun industry. Capitalism assumes that somebody is making money.... Getting ahead, even if by killing off a competitor. Here we are fighting an ideology that wants to remove an industry for no other reason than they believe it is evil. Between these types of attacks, laws like our glorious 2013 Colorado laws and executive orders/policy that can directly affect core rules such as those from the ATF(M855)...... Would it stop all guns/ammo, not by itself. Make laws and executive orders restricting/onerous enough for new manufacturing business, buy up the old business(s) and shut them down/run'em into the ground... There is a vulnerability here that could hurt us. If MagPul had not been allowed to move for some reason and had to shut down, do you really think they got that big overnight? If 'they' squash'em young its much easier than a long standing business that has already proven itself. I once met Rhonda Rodes.... Her first question was how do we get rid of the ammo so they have nothing left? My jaw dropped and I said "You can't!" But on watching them...... That is exactly what they want to do. Go after the manufacturers, the business. It is after all just the business of death to them. Looking at Colt, I just wonder if that is not the long game plan. Their actions don't make sense to me otherwise.

BTW: They did not just buy Colt and shut it down....... They ran it into the ground. Shutting it down would have created a vacuum for, as you state, somebody else to fill. No, they maintained Colt and ruined everything about it, reputation, assets, knowledge, etc. As pointed out in other posts... Run'em into the ground so the name can be sold to China and we get cheap knockoff's with an old name. Ya.... No damage to guns from that.

Lol I wouldn't have much of an issue with a billionaire buying out the corporations. Doesn't shut mfg down provides billions in the pockets of gun mfgs who can - gasp - open a new company with that money. Opens up new competitive options. Where there is demand, there are companies to fill it. If you're stupid enough to sell to Bloomberg, the other companies that don't will reap the rewards. Out of all of the possibilities of attack money, that would hurt us the least, it would be like a lion culling the sick members of our herd.

[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/

[Mtn.man]

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

[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.