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Iconic gunmaker Colt is on the brink of bankruptcy
CNN Money ^ | 6/13/2015 | Aaron Smith

Posted on 06/13/2015 10:37:21 AM PDT by Jan_Sobieski

click here to read article


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To: umgud
Nice Colt !


21 posted on 06/13/2015 10:56:28 AM PDT by Delta 21 (Patiently waiting for the jack booted kick at my door.)
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To: Lurker

My wife decided that my King Cobra was hers. I loaded fairly light 38’s in it, and with a 6” barrel it’s comfortable for her to shoot all day. She “traded” me her Charter Arms snobby .38 for my side of the bed.....
....God, I love a woman who can outshoot me :-)


22 posted on 06/13/2015 10:56:41 AM PDT by RedStateRocker (Nuke Mecca, deport all illegal aliens, abolish the IRS, DEA and ATF.)
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To: Cicero

Bingo! The Democrat Governor just passed a budget clobbering corporations as well,General Electric is being courted to move out of Connecticut as well as a number of the insurance companies here.
The Governor is on his way to Europe for the Air show,trying to beg and bribe some suckers to try and do business here in this state


23 posted on 06/13/2015 10:57:55 AM PDT by ballplayer (hvexx NKK c bmytit II iyijjhihhiyyiyiyi it iyiiy II i hi jiihi ty yhiiyihiijhijjyjiyjiiijyuiiijihyii)
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To: umgud

We’ve put well over a thousand rounds through ours. A couple minor FTF issues in the first 300 or so. Once they’re broken in we’ve had nary a hiccup.

The tolerances are very tight so a break in is recommended. We followed the instructions to the letter and they run just fine now. We’ve used everything from some 78 grain specialty ammo, 185 gr JHP, 200 gr JHP, and 230 gr JHP by various manufacturers. They eat it all.

Now we’re working on the most accurate factory loads for social work.

Yea, they’re pricey. But we are worth it. And when a husband and wife team pull out a set of Kimbers at the range, well, let’s just say we make friends every time we go. LOL.

Best,

L


24 posted on 06/13/2015 10:58:08 AM PDT by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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To: Jan_Sobieski

If I were a creditor, I would insist that Colt move to Alabama or somewhere out of anti capitalist Connecticut.


25 posted on 06/13/2015 10:59:09 AM PDT by bert ((K.E.; N.P.; GOPc.;+12, 73, ..... No peace? then no peace!)
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To: Jan_Sobieski
"For gun enthusiasts, however, the New Jersey bill confirmed their worst fears: Gun-control types really were trying to force these expensive, newfangled, unproven devices down their throats. A New Jersey NRA affiliate denounced Colt’s for “standing with … the antigunners,” as a 1999 Wall Street Journal article recounted, and later called for a boycott. Though the group backed down, one major Colt’s dealer suffered a 20% hit in sales of Colt’s products—$1.5 million." http://fortune.com/2015/04/22/smart-guns-theyre-ready-are-we/ It's their own fault, don't partner with anti-gunners
26 posted on 06/13/2015 11:00:25 AM PDT by dila813
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To: barmag25

Method to madness?

I can easily see liberal corporate types looting the company with the intent of getting a manufacturer out of the firearms business. Part of the long march through institutions.


27 posted on 06/13/2015 11:01:36 AM PDT by jjotto ("Ya could look it up!")
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To: Jan_Sobieski

God made man, but Samuel Colt made them equal.


28 posted on 06/13/2015 11:03:06 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Jeff Chandler

They chose to stay in Connecticut when they could have moved to a state which has lower labor costs and which is more friendly to the manufacture of firearms. They chose to stay in Connecticut so they need to get the gravestone ready.


29 posted on 06/13/2015 11:03:32 AM PDT by MIchaelTArchangel
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To: BenLurkin

Very funny!


30 posted on 06/13/2015 11:03:51 AM PDT by Jan_Sobieski (Sanctification)
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To: Jan_Sobieski

Sad if true.


31 posted on 06/13/2015 11:06:23 AM PDT by stevio (God, guns, guts.)
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To: barmag25

Everyone else’s sales have been through the roof in the last 7 years, you have to ask why Colt’s weren’t.

There is a reason for it, it has nothing to do with their product design. It is their liberal management and cozy relationship with Northeast Government.


32 posted on 06/13/2015 11:07:12 AM PDT by dila813
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To: Cicero

Colt should go back to making it’s most iconic firearms.
If I had 350 million I would buy it and move to a better state. Connecticut is raising taxes so much that even the insurance companies are looking at moving out of state.


33 posted on 06/13/2015 11:07:31 AM PDT by Second Amendment First
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To: Jan_Sobieski
Get out of Connecticut
34 posted on 06/13/2015 11:08:11 AM PDT by WellyP (question!)
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To: WellyP

Fire all the senior management and all the marketing folks, alllllll of them

They suck


35 posted on 06/13/2015 11:09:25 AM PDT by dila813
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To: Jan_Sobieski

10.9 million payment on INTEREST??? Who the hell is running Colt? Baraq Goldstein Obola?


36 posted on 06/13/2015 11:09:38 AM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: Jan_Sobieski

If they sold the reproduction rights to the original M1911 that would be worth a hell of a lot.


37 posted on 06/13/2015 11:10:45 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Jan_Sobieski
The West Hartford manufacturer...

That there is the first problem. Second problem is the DOJ, and ATF. Third problem is the "safe" guns research. And the last problem is image, and marketing.

Have Colt give me a call, and I'll work them through a Ch. 11.

5.56mm

38 posted on 06/13/2015 11:14:36 AM PDT by M Kehoe
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To: Jan_Sobieski

“The West Hartford manufacturer established by Sam Colt has been the most famous gunmaker in America since the 1840s”

Part of any “restructuring” should be a requirement that Colt be made to move out of CT. But I guess if they merged with one of the other competitors, that would happen as a consequence of the deal. CT doesn’t deserve to have any firearm manufacturing within it’s borders.


39 posted on 06/13/2015 11:14:48 AM PDT by vette6387
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To: Jan_Sobieski

Unlike a lot of other gun manufacturers Colt has/had lucrative government contracts for how many years? Sometimes that creates a culture of waste.


40 posted on 06/13/2015 11:17:47 AM PDT by ryan71 (Bibles, Beans and Bullets)
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