Skip to comments.
Remington Arms preps for bankruptcy sale to Navajo Nation
NYPOST ^
| 6/26/2020
| Staff
Posted on 06/27/2020 7:02:19 AM PDT by mac_truck
click here to read article
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-60, 61-80 ... 121-129 next last
To: mac_truck
41
posted on
06/27/2020 7:33:21 AM PDT
by
Alas Babylon!
(The prisons do not fill themselves. Get moving, Barr!)
To: Bonemaker
I had a Marlin 336 in .35 cal...Used it for deer and black bear...
42
posted on
06/27/2020 7:34:41 AM PDT
by
JBW1949
(I'm really PC.....Patriotically Correct)
To: Bonemaker
After 11 years of the greatest gun sales boom in world history, youve got to think Remington has the worst management team in world history.I'd take it a step higher and say they might have one of the worst executive boards in history.
43
posted on
06/27/2020 7:35:12 AM PDT
by
pt17
To: mac_truck
People ask how Remington could go bankrupt?
Most likely because Cerberus Capital Management, who acquired them, bled them dry and is now tossing the desiccated carcass on the side of the road...
.
44
posted on
06/27/2020 7:35:23 AM PDT
by
txeagle
To: Mr. Jeeves
And the 870 Express which was the first shotgun for an awful lot of us.
45
posted on
06/27/2020 7:37:04 AM PDT
by
ameribbean expat
(Attention! All persons having the corona virus...please report to the nearest IRS office. Thank you.)
To: mac_truck
Navajos are terribly beset by alcoholism and diabetes and most of all poverty.
............
But likely, there is no more patriotic peoples anywhere.
............
They are serious warriors, fine Marines. Hard to get to know. They are definitely the wrong people to meet at night.
To: PAR35
How did they go bankrupt? The usual way - investment bankers / private equity got their claws in them and sucked them dry. In this case it was Cerberus.
That’s what ole honorable Mitt Romney did in his early days with Baine Capital.
47
posted on
06/27/2020 7:37:19 AM PDT
by
boycott
To: Jimmy The Snake
So if Native American tribes opened up Casinos on their land or Reservation as regular Laws did not apply, they used that loop hole as a money maker. Indian Gaming Act enacted by Ronald Reagan authorized the casinos, prior to that bingo halls were permitted on federal land.
Now does their ownership and incorporated on their land give them exemptions to regular Laws? Hmmm
It vastly protects the assets from tort lawsuits where you must get the Navajo Nation's permission first to sue them. Like people randomly suing the gunmaker for whatever some whackjob did with the weapon.
48
posted on
06/27/2020 7:37:50 AM PDT
by
kingu
(Everything starts with slashing the size and scope of the federal government.)
To: mac_truck
First casinos, now guns...
That just leaves alcohol and tobacco?
49
posted on
06/27/2020 7:38:18 AM PDT
by
Skywise
To: Bonemaker
After 11 years of the greatest gun sales boom in world history, youve got to think Remington has the worst management team in world history.Awful investments of retirement accounts, a couple bad contracts, and then whenever they went for financing, it was always at the top of the market and iron clad so refinancing debt wouldn't save them any money, just cost them more.
50
posted on
06/27/2020 7:39:04 AM PDT
by
kingu
(Everything starts with slashing the size and scope of the federal government.)
To: Gay State Conservative
Tonto wantum hep big pile of guns.
51
posted on
06/27/2020 7:40:39 AM PDT
by
9422WMR
(democRATS are destroying the country.)
To: mac_truck
Next thing ya know, they’ll be buying a firewater company! ;D
52
posted on
06/27/2020 7:41:34 AM PDT
by
familyop
( "Welcome to Costco. I love you." - -Costco greeter in the movie, "Idiocracy".)
To: mac_truck
Rut Rho! Indian uprising on the horizon. 😆
53
posted on
06/27/2020 7:46:54 AM PDT
by
Georgia Girl 2
(The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
To: TheConservativeBanker
I think that the Sandy Hook litigation is the likely reason for bankruptcy. If the Navajo nation is smart (and Im sure that their advisors are) the transaction will be structured to leave liability from prior litigation in the past. I used to be an investment banker and even after 25 years, I can think of at least two structural alternatives that would prevent any old litigation liability from attaching to the new owners. The legal status of an Indian tribe (taxes and other immunities) could make it very interesting. Since the pious fiction is that the Navajo are a sovereign nation, this might make them immune from lawsuits.
To: boycott
How does a gun manufacturer go bankrupt in this environment?Simple. Let the bean counters run the company for well over a decade (Cerberus) and build stuff no one wants and this happens. Everything I have bought from them in the last 10 years was a donor.
55
posted on
06/27/2020 7:53:25 AM PDT
by
03A3
(If we can defund the police, we sure as hell can defund the FBI)
To: RoosterRedux
With the Remington theyre buying, theres not a chance that theyll find any.
Theres a reason why Remington is in Chapter 11, and its called the R51.
56
posted on
06/27/2020 7:53:36 AM PDT
by
Yo-Yo
( is the /sarc tag really necessary?)
To: EEGator
I have to drive 1.5 hours to find an AR for sale. Palmetto State Armory. Delivered to your nearest FFL, or buy a stripped lower from your dealer and a kit from Palmetto delivered to your door.
57
posted on
06/27/2020 7:57:07 AM PDT
by
Yo-Yo
( is the /sarc tag really necessary?)
To: Yo-Yo
Thank you, I’ll check it out.
58
posted on
06/27/2020 7:59:24 AM PDT
by
EEGator
To: CurlyDave
That might be in play for future litigation, but transaction structure can take care of current liabilities. Issues like taxation and the potential for immunity add some speculative opportunities.
To: mac_truck
If a company which makes rifles and shotguns can’t stay in business now, when demand has never been higher, it must be breaking new ground in mismanagement.
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-60, 61-80 ... 121-129 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson