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Hopefully they will get a positive management and QC change and start making good guns again. Or maybe the design of R700 will be sold to someone who is competent at making good guns. Still love the R700 action, but you gotta be so careful when buying one nowadays just because how bad the QC has become, I have no confident when buying Remington products.
Disclaimer: I can't spell.
I tell people that just doing one analysis is just looking at one variables out of hundreds.Originally Posted by Jeffrey Lebowski
I once did a cockeyeball MACD drawing off of one chart and some guys were asking me how. Reminds me of some kids who just about to learn derivatives (calc, not contract derivatives).
Last edited by MrPrena; 02-13-2018 at 16:00.
Are they planning to buy up Ruger too? Isn't Ruger a privately held company?So you're not an economic Expert, just commenting like oneAlong with this poorly written hatchet job of a story.
I agree, as i said many a moon ago. Once Cerberus Capital buys enough gun mfg and their subcontractors. They would slowly but surely pull the plug, with the end game of no more large U.S gun companies. Don't care what the "public" excuse is.
If the US gun industry is in trouble it's because there's no more "panic buying" of guns and there is such a glut of guns on the market that there's no reason to buy new. Plus as others have pointed out, Remington's been in trouble for a long time.
Didn't Winchester go out of business a few years ago? And Colt, didn't they stop selling to the public and only sell to government contractors?
How many companies are making AR lowers? How many companies are making AR parts? The number is probably in the hundreds, if not in the thousands.
My point being that just because some of these old dinosaurs die off it doesn't seem like there is a shortage of firearms for sale. Yes, it's sad when a company with a heritage like Remington's shuts its doors (as it was with Winchester.) But life goes on and even an organization as big as Cerberus Capital couldn't choke off the supply of firearms in the US if they wanted to.
Martin
If you love your freedom, thank a veteran. If you love to party, thank the Beastie Boys. They fought for that right.
I had a signature of a guy who studied economics and business school. He recently went to prison for securities fraud.Some of them (not a blanket statement) also had a habit of spending time in prison or on the run.
and since it was lost on some
It's more than that.
Here's an example of the many places that it's going with. Combined with places like FB that actively search and delete forums where firearm items, not guns but parts, are traded.
https://www.ar-15.co/threads/167098-...business-check
What they cannot get through the federal legislature they do slowly in towns, states, business transactions etc. Sure some companies fail, however (IMO) there's bigger things at play on the anti-gun side.
The Great Kazoo's Feedback
"when you're happy you enjoy the melody but, when you're broken you understand the lyrics".
The real reason behind Remington's Bankruptcy
This is a big part of why America needs tort reform in the legal aspect. Companies shouldn't be forced into bankruptcy by frivilous lawsuits that seek to undermine the 2nd Amendment.
http://www.independentsentinel.com/u...tting-lawsuit/
America’s oldest gunmaker filed for bankruptcy last week as it seeks to reduce its massive debt. There is an untold story here. A major lawsuit by Sandy Hook victims’ families against the company is meant to put the company out of business. It won, it will set a very dangerous precedent.
The Untold Story
There are a couple reasons for Remington’s woes. One is President Trump won and people are buying fewer guns, but another reason is the lawsuits meant to break the company.
Remington is being sued for wrongful death by the families of victims in Sandy Hook, although the company had absolutely nothing to do with the horrific crime.
It is a precedent-setting lawsuit. If the litigants win, gun manufacturers will be held responsible for the crimes people commit with their product. If they don’t win, the company will possibly go out of business over the costs of the suit anyway. It’s a win-win for gun grabbers.
The concept behind the lawsuit is flawed. It is like suing Williams Sonoma for a woman killing her husband after hitting him over the head with one of their pots.
If this legal doctrine gains steam, particularly at the Federal appellate level, those wishing to exercise their Second Amendment rights could be in trouble. Gun companies found liable for senseless and unforeseeable tragedies could be litigated out of existence by lawsuit after lawsuit.
This case is meant to greatly weaken the rights and protections of gun makers with the ultimate goal of putting them out of business.
Protections in the Law Don’t Help
The company’s lawyers said they are protected by a 2005 federal immunity law that protects gun makers from most lawsuits over criminal use of their products, according to a report by the Associated Press.
It doesn’t seem to matter. Remington couldn’t get the lawsuit thrown out. The judges are legislating from the bench.
While gun makers are free from liability in many cases, they are not if they knowingly transfer a gun to be used for criminal purposes or if they break the law.
If the product is defective they can be sued. That is the case in another suit against Remington. It was never proven that the guns were defective but the company had to settle due to costs.
Remington Is a Good Start in Destroying Gun Makers
Founded in 1816, Remington is one of the oldest and best-known gun makers in the world. It’s owned by Cerberus Capital Management, which plans to shed ownership once the bankruptcy is complete.
They tried to sell it after Sandy Hook but couldn’t find a buyer. Twenty-six people died in the terrible Sandy Hook massacre, including many small children.
Remington is headquartered in North Carolina. It makes a variety of handguns, shotguns, and rifles at its sprawling 19th-century factory in Ilion, N.Y.
Its products include the Bushmaster AR-15-style rifle that was used in the 2012 mass shooting in Newtown, Connecticut. The company has been sued by family members of the Sandy Hook victims.
The AR is being called a weapon of war but it clearly isn’t.
Toppling the oldest gun company is a great start for the gun grabbers.
The victims are blaming the gun company for the crime committed by an insane youth whose mother allowed him illegal access to guns. The reason for the lawsuit is to put gun manufacturers out of business. That is the story being ignored.
The company has reached a deal to give lenders ownership over the firearms maker, Bloomberg reported. Remington will keep on making guns as they work through the debt under bankruptcy protection.
Colt Holding Co. also went into bankruptcy in 2015.
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They were in trouble before SH and they continued to slide.
It seemed to me that they started the slide when they listened to the lawyers and put a friggin lock on the bolt of their 700's, put out the abortion known as the 710 and plastic trigger pack in the 870's.
My memory is a little foggy but it seems to me they were pretty close to the same time.
the SH lawsuit did not help, but it isn't the reason for their BK
Only case it mentioned was sandy hook which i believe had ended with the litigants offering a bunch of money.
The real story is quality has nose dived since they were bought out, multiple safety recalls and the disastrous r51 launch and relaunch. Ruger in similar conditions doing much better evenif everyone feeling post election sales pinch.
What's now known as "Remington" was formerly known as "Freedom Group" after numerous gunmakers were acquired by Cerberus Financial. It's more of a mismanagement problem than a political fallout.
The part of Colt that filed for bankruptcy in 2015 was the military contracts side of their business. They had nothing to keep them afloat after they lost the M4 contract to FNH in 2013.
Liberals never met a slippery slope they didn't grease.
-Me
I wish technology solved people issues. It seems to just reveal them.
-Also Me
Can't be said enough!!! I'm probably around 500 rounds and couldn't get the gremlins out until I paid $100 for a metal group. Still don't trust that damned thing.
PSA: If you want a 870, get the police model. Used is fine. Spend your money on new barrel(s).
Always eat the vegans first
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