Posted on 07/17/2018 1:35:55 PM PDT by Simon Green
According to the New York Times, the Navajo Nation has made an offer to purchase the Remington Outdoor Company, which recently emerged from bankruptcy. The offer was for approximately half a billion dollars in cash.
The offer was rejected by the owners of Remington, Franklin Templeton and JPMorgan Chase. We cant be sure of the reasons for the rejection, but the Navajo nations plans for what they wanted to do with the company certainly couldnt have helped.
In short, they sought a strategy that has already proven near-fatal to other firearms manufacturers.
According to Andrew Ross Sorkin, the NYTs article author, the Navajo nations proven to fail plan:
It intended to shift the company away from its consumer business, including curtailing the sale of the AR-15-style weapons frequently used in mass shootings, to focus on police and defense contracts.
The tribe planned to use profits from those businesses to invest in research and development of advanced smart guns those with fingerprint or other technology intended to prevent anyone but the guns owner from using the weapon.
The Navajo Nation had apparently read Sorkins own brilliant idea for turning Remington into The Most Advanced And Responsible Gun Manufacturer in the Country.
The only problem with that plan is that there would have been no profits to invest in smart guns or anything else. Shifting away from producing products aimed at the massive purchasing power of the American consumer and toward government contracts is a proven strategy for failure.
Dont believe me? Ask Colt, which went bankrupt specifically because they shifted away from focusing on the American consumer to primarily military and police contracts. That recent failure highlights that a single, fickle, expensive customer is never the right answer. Its too hard to get in the door, and way too easy for that door to slam shut.
It might have been a great investment for the Navajo Nation to purchase Remington if they wanted to generate profits with a a company that makes guns. But thats not, apparently, what this offer was all about.
A plan like this, something designed to appeal to the woke crowd, and not intended to boost the bottom line, is destined to fail in short order. That kind of thinking would only leave the already struggling people of the Navajo Nation with nothing to show for their cash but a half a billion of their dollars thrown into the wind.
Id like to see Remington out of the hands of the bankers as soon as possible. Hopefully someone will come through soon and make an offer that focuses on the product lines consumers want, and continue the companys increased focus on quality control that consumers demand.
This offer clearly wasnt that.
Tribal casinos, the places that Social Security built.
Not trading guns with the indians has been policy for centuries.
In a lot of States you cannot have a few beers and smoke a cigarette too. Before I quit, it was better to go to the casino, sit and drink a beer and listen to the music from the numerous knock off #1 hitmakers like “THEE Guess who”, or Janet Joplin.
This tells me that the Navajo Nation has now become a bastion of Progressivism and is therefore a domestic enemy of the Constitution of these United States.
Everybody knows...you don’t give injuns booze or guns.
Injun smokum rotten weed.
AR style rifles were rarely used in mass shooting until very recently.
Reducing the sale of one of your product in most demand sounds like a losing strategy.
Choosing to limit your sales to the smallest part of the market seems like a strategy for failure.
Sure, police and defense sales are large individual contracts. But they are also highly competitive.
In the defense industry you can design a fantastic product and submit a very competitive bid and still not make the sale. The same holds true for police contracts.
It rarely pays to limit your self to a small customer base. The larger the range of customers you can sell to the greater your potential for generating sales.
I dont understand this as a business strategy at all. This looks more like an ideologically driven strategy. Ideology doesnt increase share holder value.
If it is the only casino around, I guess I can see why they might go there.
There are plenty of other casinos not run by Indian tribes. The tribes are corrupt and set the rules and you cannot win any lawsuit against them when they cheat you. They get Sovereign status.
Many of the Remington patents are nearly priceless.
Some of the finest and most iconic sporting arms in American history are Remington. With careful, precise manufacturing they could very well be at the top of the heap.
And in other news .......the citizens of Hiroshima and Nagasaki have tendered an offer for the town of Los Alamos New Mexico including the famed National Laboratory
Only idiots go to casinos.
Why do you say that?
My take on Indian anything is it runs best when they farm out management
Maybe we could crowd source the purchase. “Free Republic Remington Arms” has a nice ring to it.
But only if some of the profits were used to eliminate Freepathons...
I like your idea; I’m sure there are some Freepers here with enough business sense and experience to turn this company around. I’d invest in it.
You could buy it back from them for some beads and fire water.
Anyone who sells rifles to Injuns is lower than a horse thief and should get the same hangin'.
The tribes are corrupt and set the rules and you cannot win any lawsuit against them when they cheat you. They get Sovereign status.
Got a call this afternoon from the local sheriff's office. My Idaho Enhanced CCW is approved. My wife was too. We'll zip down and pick up the approval forms, roll by the DMV for a photo shoot and leave with our upgraded CCW. We've had the basic one since 2000.
LOL!
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