Remington Bankrputcy (Read 7895 times)

hvybarrels

Remington Bankrputcy
« on: February 12, 2018, 10:07:24 PM »
They aren't dead yet, but plenty of nails in the coffin. The biggest nail probably involves avoiding a full recall on guns that accidentally go off without warning and kill their owners.

Let this be a lesson, children. You need that dedicated consumer base to get you through the lean times.

https://nypost.com/2018/02/12/gunmaker-remington-filing-for-bankruptcy/
The F in Communism stands for Food

rklapp

Re: Remington Bankrputcy
« Reply #1 on: February 12, 2018, 11:35:23 PM »
Thanks Trump...
Yahh! Freedom and justice shall always prevail over tyranny, Babysitter Girl!
https://ronsreloading.wordpress.com/

PalisadesKid

Re: Remington Bankrputcy
« Reply #2 on: February 12, 2018, 11:49:23 PM »
Still think COLT might beat them to it.

scorpio ps

Re: Remington Bankrputcy
« Reply #3 on: February 13, 2018, 05:49:23 AM »
I'm surprised to see Ruger up there. The largest share holder of Ruger lives right In HI. He's even on this forum. Can anyone guess who.

macsak

Re: Remington Bankrputcy
« Reply #4 on: February 13, 2018, 07:24:25 AM »
I'm surprised to see Ruger up there. The largest share holder of Ruger lives right In HI. He's even on this forum. Can anyone guess who.
LOL

ren

Re: Remington Bankrputcy
« Reply #5 on: February 13, 2018, 07:33:46 AM »
I'm surprised to see Ruger up there. The largest share holder of Ruger lives right In HI. He's even on this forum. Can anyone guess who.

GungHo
Deeds Not Words

drck1000

Re: Remington Bankrputcy
« Reply #6 on: February 13, 2018, 07:48:09 AM »
I'm surprised to see Ruger up there. The largest share holder of Ruger lives right In HI. He's even on this forum. Can anyone guess who.
Well, Stangz seems to have to most Ruger guns that I know of. At least on this site. Whoever that is should at least drop him some swag.

ren

Re: Remington Bankrputcy
« Reply #7 on: February 13, 2018, 08:01:17 AM »
Ruger also makes golf clubs

Deeds Not Words

drck1000

Re: Remington Bankrputcy
« Reply #8 on: February 13, 2018, 08:07:23 AM »
They aren't dead yet, but plenty of nails in the coffin. The biggest nail probably involves avoiding a full recall on guns that accidentally go off without warning and kill their owners.

Are you talking about the trigger recall on their bold action rifles? Where the gun can go off when closing the bolt?

My 700 was part of the recall. Didn’t send it in as I was gonna replace the trigger anyways.

ren

Re: Remington Bankrputcy
« Reply #9 on: February 13, 2018, 08:09:52 AM »
Maybe Larue or KAC should take over.
Deeds Not Words

changemyoil66

Re: Remington Bankrputcy
« Reply #10 on: February 13, 2018, 11:25:15 AM »
1 could argue that the gun companies would support an anti-2a candidate because gun sales will soar (buy em while  you can).  Compared to a pro-2a candidate (no worries).

2ahavvaii

Re: Remington Bankrputcy
« Reply #11 on: February 13, 2018, 12:22:56 PM »
gun manufacturers go bankrupt all the time.  the name will stick around, owners may change.  status quo.

stangzilla

Re: Remington Bankrputcy
« Reply #12 on: February 13, 2018, 12:40:20 PM »
Well, Stangz seems to have to most Ruger guns that I know of. At least on this site. Whoever that is should at least drop him some swag.

with all the firearms I bought from Ruger, they could at least give me one of those cheap Security 9's that just came out
I'd be happy with a knife, hat, and t-shirt  :shaka:

TooFewPews

Re: Remington Bankrputcy
« Reply #13 on: February 13, 2018, 12:40:53 PM »
note that this is a chapter 11 bankruptcy, and not a chapter 7.

therefore, there is a lot less of a reason to freak out.

edster48

Re: Remington Bankrputcy
« Reply #14 on: February 13, 2018, 06:25:41 PM »
note that this is a chapter 11 bankruptcy, and not a chapter 7.

therefore, there is a lot less of a reason to freak out.

Exactly.

It's to reorganize their debt, maybe gain some concessions from their creditors. 

Although you have to wonder how they managed to accumulate nearly a billion dollars of debt during the biggest gun buying binge in history...
Always be yourself.
Unless you can be a pirate.
Then always be a pirate.

justin1098

Re: Remington Bankrputcy
« Reply #15 on: February 13, 2018, 08:25:35 PM »
Exactly.

It's to reorganize their debt, maybe gain some concessions from their creditors. 

Although you have to wonder how they managed to accumulate nearly a billion dollars of debt during the biggest gun buying binge in history...

Maybe because they were blowing money buying up the competition pumping out shit guns rather than making high quality guns and improving designs.

Remember when marlin was good? Remember when the ACR was going to have multi calibers? Remember when remington 700 stood for acuracy? Remember when harrington and richardson made rifles?

changemyoil66

Re: Remington Bankrputcy
« Reply #16 on: February 14, 2018, 10:27:29 AM »
I don't own any Remmington guns, but I did have their 9mm ammo.  And maybe 1-2 bullets in every 50rd box had hard glue on the brass.  So if I didn't check ammo before loading, this may have been a problem.  The glue easily came off with just using  your nail to scratch it.  It was a bulge and not flat harden glue.  Good thing I check all my ammo before shooting.  At worst it would cause  a FTF.

But other than that, no jams or any problems 1k was shot.

mrgaf

Re: Remington Bankrputcy
« Reply #17 on: February 14, 2018, 10:51:03 AM »
Too bad.... used to be a good company with great products once upon a time but in the last decade or so not so much.....  :(
To argue with a person who has renounced the use of reason is like administering medicine to the dead.  Thomas Paine.

No man can get rich in politics unless he is a crook.  It cannot be done. Harry Truman

Only good liberal is one taking a dirt nap.

2ahavvaii

Re: Remington Bankrputcy
« Reply #18 on: February 14, 2018, 11:52:28 AM »
Part of the problem facing a lot of these companies is the proliferation of cheap polymer and synthetic material firearms using new manufacturing processes that make firearms cheap and affordable to the masses, but hurts the profit margin.  Not to mention, seems like a lot more foreign competition nowadays due to the internet and the "china" effect of mass production.  The legacy companies need to offer similar products to keep up with the competition, while there is still stiff competition in the premium firearm range as well.

rklapp

Re: Remington Bankrputcy
« Reply #19 on: February 14, 2018, 12:11:14 PM »
eBay has become a direct conduit for Chinese products.
Yahh! Freedom and justice shall always prevail over tyranny, Babysitter Girl!
https://ronsreloading.wordpress.com/