Posted on 10/20/2009 4:48:39 PM PDT by nascarnation
After bad bets on cars and home loans, Cerberus Capital Management is turning to guns and bullets.
The private-equity firm is in advanced preparations for an initial public offering of Freedom Group Inc., said people familiar with the situation, hoping to sell shares in a little-known company it has built into a dominant player in the red-hot rifle-and-ammunition business.
(Excerpt) Read more at online.wsj.com ...
How much? I’ll buy stock.
“has acquired at least seven U.S. gun-and-ammunition makers.”
That part I do not like.
This group includes:
Advanced Armament Corp., Bushmaster, Dakota Arms, DPMS, Eotac, H&R, L.C. Smith, NEF, Parker Gun, Remington Arms Company
I agree.
I don’t trust Cerberus. Who knows the agreements they made with the government with the dismantling of Chrysler. I’m familiar with Cerberus somewhat through a friend who worked for a company owned by them. Sleazy, sleazy group.
+1
Plus being a public company opens the door to a lot of mischief. For example, George Soros could probably buy a majority of the shares out of petty cash. Then you have the anti-2A moonbats who will buy one share of stock and try and chew up time and money at shareholders meetings and put idiotic proposals on the proxy ballots.
The wife’s upper is a Bushmaster 16”, but I went with the YHM 16” for my “road” gun. Both are built on Oly arms lowers, but I’ve an RRA two stage trigger in mine.
Still, it’s a bad deal to have too big a conglomerate, especially in these times.
Oh well, ammo’s more important at the moment, but I’ve been contemplating a 6.8 ...
Before you invest, check out some of Cerberus’ past acquisitions.
One word - Chrysler.
:o{
bump for daytime FReepers
Looks like she shot her eye out.
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