After 11 years of the greatest gun sales boom in world history, you’ve got to think Remington has the worst management team in world history.
That’s what I thought when I saw the headline. something ain’t right with management.
I'd take it a step higher and say they might have one of the worst executive boards in 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.
Remington is a case study of ills: poor management, high debt load, obsolete factory, a raft of product liability claims, and a lack of product innovation.
I don’t think this is a financial move.
I think the bankruptcy is to remove American ties and the reservation move is to protect the company from American anti-gun laws, now and what’s coming.