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Old 03-26-2018, 01:57 PM   #1
soap
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Default Remington files for bankruptcy

U.S. gunmaker Remington files for bankruptcy

https://finance.yahoo.com/news/gunma...1--sector.html

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Without my gun hobby. I would cut off my own dick and let the rats eat it...
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Old 03-26-2018, 07:31 PM   #2
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Maybe they can pull a Sears and still remain in existence despite dying 4 times.
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Old 03-27-2018, 01:35 PM   #3
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This is a classic lesson in quality, not quantity. I bet they would like to rethink those $300 Wal-Mart specials.
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Old 03-27-2018, 07:04 PM   #4
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Quote:
Originally Posted by bybotie View Post
This is a classic lesson in quality, not quantity. I bet they would like to rethink those $300 Wal-Mart specials.
A couple articles I read said that they took on more debt expecting higher sales due to their belief that Hillary would win the election and prices and volume would increase. Trump won and sales volume and prices went down and they could not service the debt.
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Old 03-27-2018, 07:18 PM   #5
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Seems like this would be a hard industry to stay big in. Sales fluctuate so hard with elections and other ‘events’ that occur. On top of that I think there’s a bunch of ppl like me who buy one colt 45, one Ruger 10-22, one Remington Pump action shotgun, etc - and that’s all I need for the rest of my life. I wouldn’t buy the same gun twice.
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