Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Remington Returns to Bankruptcy Blaming Falling Gun Sales
Yahoo Finance ^ | 7/28/2020 | Rick Green and Steven Church

Posted on 07/28/2020 10:23:37 AM PDT by ek_hornbeck

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-85 next last
To: socalgop
yeah multiple rounds of private equity firms have looted remington and drove its product quality into the ground.

This isn't just Remington's problem. Virtually every American company is managed by sophisticated fraudsters whose MO is to acquire a quality American brand, cut costs and quality by outsourcing while still selling at a premium price, suck all the cash out or cash-out stock options and then (if lucky) sell off the company to rubes like the pension funds or declare bankruptcy, leaving everyone else to pick up the tab for the unemployment, low wages and transfers of technology to overseas competitors.

GE, Boeing, etc., the list is endless.

41 posted on 07/28/2020 11:09:20 AM PDT by pierrem15 ("Massacrez-les, car le seigneur connait les siens")
[ Post Reply | Private Reply | To 26 | View Replies]

To: Spktyr

Well, that’ll do it. None of the guys in my family have looked at Remingtons lately.


42 posted on 07/28/2020 11:16:05 AM PDT by madison10
[ Post Reply | Private Reply | To 38 | View Replies]

To: GenXteacher

In the 1980’s and early 1990’s I did quite a bit of crisis consulting for banks. One of my clients was one of oldest savings banks in the country and it took 10 years of grossly incompetent management to push it to the brink of catastrophe. Our team was able to rehabilitate the bank and we remarked at the time that, “it is really hard to destroy a good brand”. Of course that was before the advent of woke management and woke media.


43 posted on 07/28/2020 11:16:17 AM PDT by TheConservativeBanker ($;)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Spktyr

You never hear those brands in the movies. Everyone has their beloved Glock. Regardless, the only plastic pistol I own is an HK P2000. All the rest are Sigs, 1911 Colts, and Dan Wesson’s.


44 posted on 07/28/2020 11:16:40 AM PDT by Cobra64 (Common sense isnÂ’t common anymore.)
[ Post Reply | Private Reply | To 39 | View Replies]

To: Spktyr

Good ammo, apparently >>> green and white box. Although I can never find it.


45 posted on 07/28/2020 11:16:41 AM PDT by dhs12345
[ Post Reply | Private Reply | To 37 | View Replies]

To: ek_hornbeck

As a gun maker in these times, you really do have to make an effort if you want to fail. Shelves are getting cleaned out everywhere and sales to first-time buyers are through the roof. If you go under in that environment, you’ve been doomed for a long, long time and it has zero to do with the market.


46 posted on 07/28/2020 11:17:37 AM PDT by 2aProtectsTheRest
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cobra64
The unwashed today believe the Glock pistol is the only handgun on the planet.

One of the few handgun brands I do not own.

47 posted on 07/28/2020 11:19:52 AM PDT by Cuttnhorse (Nothing dies harder than a lie that people want to believe)
[ Post Reply | Private Reply | To 25 | View Replies]

To: Cobra64

Hollywood is not reality. You should know this.


48 posted on 07/28/2020 11:26:22 AM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
[ Post Reply | Private Reply | To 44 | View Replies]

To: spincaster

They are making ammo. They just CBA to increase manufacture.


49 posted on 07/28/2020 11:27:32 AM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
[ Post Reply | Private Reply | To 40 | View Replies]

To: Cobra64

For sure, they have taken every imaginable shortcut to manufacturing as marketed it as strength.


50 posted on 07/28/2020 11:29:01 AM PDT by Durus (You can avoid reality, but you cannot avoid the consequences of avoiding reality. Ayn Rand)
[ Post Reply | Private Reply | To 25 | View Replies]

To: Spktyr

I love my 700 BDL 30.06.. one of the best rifles out there, as is my 870 Tactical, 870 SPS Super Mag Turkey Predator and my 597 semi-auto 22.


51 posted on 07/28/2020 11:29:43 AM PDT by maddog55 (Only thing systemic in America is the left's hatred of it.)
[ Post Reply | Private Reply | To 16 | View Replies]

To: PapaBear3625

They got the,selves into a financial pickle by overextending themselves with debt load, sounds like. But yeah it’s still surprising.


52 posted on 07/28/2020 11:31:02 AM PDT by Robert DeLong
[ Post Reply | Private Reply | To 6 | View Replies]

To: Monty22002

Don’t know, I switched to Hornaday personal defense some time ago.


53 posted on 07/28/2020 11:32:36 AM PDT by circlecity
[ Post Reply | Private Reply | To 18 | View Replies]

To: Spktyr

“Springfield’s XD series...”

Grabbed a used .40 cal XD just this week. Tritium night sights, Talon grips, extended Mag release, 4 Springfield magazines, and a box of ammo.

$325. I feel like I stole it. It’s our fourth XD pistol. Superb pistols for the money.

L


54 posted on 07/28/2020 11:33:39 AM PDT by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
[ Post Reply | Private Reply | To 39 | View Replies]

To: maddog55

And how old are those? Because their recent offerings are actually worse than the Chinese clones thereof.


55 posted on 07/28/2020 11:33:39 AM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
[ Post Reply | Private Reply | To 51 | View Replies]

To: circlecity

Last I got and it’s been awhile was Winchester Ranger-T’s, but had some Golden Sabres and they seemed good and reliable. Think all the top brands have been pretty good for 20+ years.


56 posted on 07/28/2020 11:34:05 AM PDT by Monty22002
[ Post Reply | Private Reply | To 53 | View Replies]

To: ek_hornbeck; All

Some threads from the last time Remington went bankrupt - waaaaay back in... 2018. Nothing has changed since then.

http://www.freerepublic.com/focus/news/3607736/posts

https://www.freerepublic.com/focus/f-news/3631680/posts


57 posted on 07/28/2020 11:36:13 AM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Monty22002

I’d go for Federal or Winchester ammo over green box Remington any and every day for range ammo.


58 posted on 07/28/2020 11:38:14 AM PDT by circlecity
[ Post Reply | Private Reply | To 56 | View Replies]

To: Spktyr

Duh. The unwashed don’t know this. The average jerk in the street never heard of Sig Safier, Beretta, Dan Wesson. Heckler and Koch. They think AR stands for assault rifle.


59 posted on 07/28/2020 11:39:40 AM PDT by Cobra64 (Common sense isnÂ’t common anymore.)
[ Post Reply | Private Reply | To 48 | View Replies]

To: Cuttnhorse

i dont own any either

not a fan of safety triggers


60 posted on 07/28/2020 11:42:28 AM PDT by Secret Agent Man (Gone Galt; Not Averse to Going Bronson.)
[ Post Reply | Private Reply | To 47 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-85 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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson