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Colt Defense to file for chapter 11 bankruptcy protection by Monday
Market Watch ^
| 06/15/15
| Matt Jarzemsky
Posted on 06/15/2015 7:31:48 AM PDT by Enlightened1
click here to read article
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To: Enlightened1
M-16 and M1911 variants.
Same old stuff in a very competitive market.
2
posted on
06/15/2015 7:33:29 AM PDT
by
SJSAMPLE
To: Enlightened1
More American manufacturing going down the tubes...such a tradition! If you can’t get a Colt, US made, then where are we heading?
3
posted on
06/15/2015 7:35:40 AM PDT
by
Netz
To: Enlightened1
They are very pricy. I think a lot of people cant afford to buy a Colt. They should have moved down south to get rid of Union punishment
4
posted on
06/15/2015 7:39:49 AM PDT
by
Yorlik803
( Church/Caboose in 2016)
To: Netz
You can thank their unions and huge pension for this. Malfeasant board members who were in bed with the government (gun enthusiast but not good businessmen) didn't help either. Colt should have moved to TX, TN, or FL ten years ago.
After Sandy Hook and CT's AWB, Colt would have been smart to pull out of CT and head south.
5
posted on
06/15/2015 7:40:39 AM PDT
by
DCBryan1
(<><><>No realli, moose bytes can be quite nasti!!)
To: Enlightened1
The West Hartford, Conn.-based company, with a legacy dating to 17th century New England, developed a pistol it calls the gun that won the West and enjoyed a lucrative stretch in the late 1990s and early 2000s as the U.S. militarys sole supplier of the M4 line of firearms widely used by front-line troops. But Colt has struggled in recent years with a slowdown in rifle sales and its 2013 loss of a key contract to supply the U.S. Army with the M4. The company has had accounting problems that caused it to revise prior years reported financial results and miss a creditors initial filing deadline for an annual report, according to regulatory filings. PFL
6
posted on
06/15/2015 7:40:47 AM PDT
by
Alex Murphy
("the defacto Leader of the FR Calvinist Protestant Brigades")
To: Enlightened1
7
posted on
06/15/2015 7:41:19 AM PDT
by
MileHi
(Liberalism is an ideology of parasites, hypocrites, grievance mongers, victims, and control freaks.)
To: MileHi
$2095?Yes.
$250.00 in material
$250.00 in labor
$250.00 in CNC time/use
$250.00 in assembly, boxing/marketing/ ATF paperwork.
$1095.00 to the union.
8
posted on
06/15/2015 7:44:32 AM PDT
by
DCBryan1
(<><><>No realli, moose bytes can be quite nasti!!)
To: SJSAMPLE
Should have kept the Python alive.
To: DCBryan1
10
posted on
06/15/2015 7:50:04 AM PDT
by
MileHi
(Liberalism is an ideology of parasites, hypocrites, grievance mongers, victims, and control freaks.)
To: ImJustAnotherOkie
Definitely.
Even though the cylinder rotated the wrong way, it’s a hell of a pistol. The Anaconda wasn’t bad, either.
11
posted on
06/15/2015 7:52:54 AM PDT
by
SJSAMPLE
To: Yorlik803
it is not that people can not afford to pay,
people do not want to pay for stupid.
12
posted on
06/15/2015 7:53:00 AM PDT
by
longtermmemmory
(VOTE! http://www.senate.gov and http://www.house.gov)
To: Enlightened1
Colt has definitely priced themselves out of the market. I was in the market for a 1911 (always wanted one) and Colt was WAAAAYYYYY over my budget.
I bought the Remington 1911R1 for just over $700 out the door. I’ve put a couple thousand rounds through it with no issues.
Oh, and it came with a rebate.....200 rounds of Remington hollow points!!!
13
posted on
06/15/2015 7:55:07 AM PDT
by
fredhead
(Join the Navy and see the world.....77% of which is covered in water.)
To: Enlightened1
I own numerous Colt firearms and have dealt with their customer service on more than one occasion. IMO their problem was/is that they relied upon the military for their profits and could care less about civilians. My experiences with their rude and incompetent customer service/warranty department are not unique. It’s how they roll. Now they’re paying the price.
14
posted on
06/15/2015 8:03:16 AM PDT
by
LouAvul
(We've been sold down the river, and I can't swim.)
To: SJSAMPLE
To: LouAvul
Bingo! They adopted the H und K business model.
Because we’re Colt and we hate you.
Remember their large pin AR receivers?
16
posted on
06/15/2015 8:11:45 AM PDT
by
Tailback
To: SJSAMPLE
M-16 and M1911 variants. Same old stuff in a very competitive market. I recently was in the market for a compact 1911, and chose to get a Kimber over a Colt.
To: ImJustAnotherOkie
Colt, in general, abandoned the civilian market many years ago.
18
posted on
06/15/2015 8:13:54 AM PDT
by
mulnir
To: Enlightened1
I would love to have a Colt 1911, but ended up getting a Rock Island Armory for about 1/3 of the price.
19
posted on
06/15/2015 8:16:49 AM PDT
by
IamConservative
(If fighting fire with fire is a good idea, why do the pros use water?)
To: Enlightened1
I’m sure left-wing extremist law suits had nothing to do with this.
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