Let's hear some opinions on this. Trigger recall couldn't have hit them
That bad?
I'm at a loss for words
That bad?
I'm at a loss for words
Remington Bankruptcy
- Thread starter livetohunt
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Troutslayer2
Well-Known Member
- Joined
- May 28, 2010
- Messages
- 765
No more bimonthly Obummer's commin' to git yer guns paranoia inspired cleaning the shelves of everything that goes boom?
adam32
Well-Known Member
Their new parent company sucks.
Ya it looks like the parent company racked up 1 billion of debt for Remington in a decade.
Guy in charge of that probably made millions for doing it too.
Guy in charge of that probably made millions for doing it too.
Doghunter23
Well-Known Member
Say it ain't So!!!
They will be missed, But I have heard there quality had gone down hill sharply in the last 5 or so years. All 5 model 700s I have owned were made in the 70's 80's and 90's but all were top notch.
They will be missed, But I have heard there quality had gone down hill sharply in the last 5 or so years. All 5 model 700s I have owned were made in the 70's 80's and 90's but all were top notch.
They won't be disappearing. The chapter 11 bankruptcy will allow them to do some massive restructuring or guttingof the company.
My thoughts are that they will be selling off a specific part of the company.
My thoughts are that they will be selling off a specific part of the company.
MudRunner2005
Well-Known Member
Freedom Group destroys gun companies. They destroyed Dakota Arms within a week after they acquired them. AAC went to crap almost immediately after they acquired them as well. Marlin went to crap and went belly-up. And so did Winchester back in like 2008 when Freedom bought them out. They're NOT a "freedom" group. They are a bunch of wolves in sheep's clothing, and only care about the profits or the legacy of some of these names they're purchasing that spend 100's of years building. Do some research on WHO actually owns "Freedom Group"... Hint search Cerberus Financial.
Cerebus got uncomfortable after Sandy Hook and investors started pulling money. In addition to the brands already named, Barnes is part of the Freedom Group as well and I think Bushmaster. Quality has gone down hill as well. As i noted on another thread, when private equity gets involved there is only one concern. Return on money. They don't care about the product or people just the money. We should all be concerned when we see companies taking money from private equity as they could have the same fate.
horsefor4
Well-Known Member
They used a bushmaster at sandy hook they can't survive the law suits.
Aoudad shooter1975
Well-Known Member
I hate the way business is run now...most corporate earning have nothing to do with money made by the business but is tied to stock price, and how easy it is to borrow money (how cheaply it can do it)--and most business are heavily leveraged that way. One small hickup and bankruptcy.
My family at one time many years ago had small town banks(something unheard of now). My Aunt that ran one of them said, "when banks make money other than loaning out and charging interest on customers money--the end is near" I don't think she was far off...and that was about 1991 when she told me that...I think finance is the root to a lot of the problems....
My family at one time many years ago had small town banks(something unheard of now). My Aunt that ran one of them said, "when banks make money other than loaning out and charging interest on customers money--the end is near" I don't think she was far off...and that was about 1991 when she told me that...I think finance is the root to a lot of the problems....
Shanelien
New Member
Remington appears to be the latest victim of Freedom Group's poor business model of cutting too many corners to improve the bottom line.
As listed here before me, many fine firearm brands have crumbled at the hands of Freedom Group.
Hopefully Remington can be restructured under bankruptcy and be acquired by better ownership.
As listed here before me, many fine firearm brands have crumbled at the hands of Freedom Group.
Hopefully Remington can be restructured under bankruptcy and be acquired by better ownership.
MudRunner2005
Well-Known Member
There's laws in place now that state people can't sue the gun companies for something that is totally out of their control. It's the not the gun company's fault someone misused their product in an evil way.
MudRunner2005
Well-Known Member
Yeah, like by the people who run Browning and Ruger, that actually listen to their customer's wants and needs, and because so, they're both expanding and growing at a substantial rate! Both of those companies have revamped their twist rates to modern bullets (the Ruger American Predator in 7mm-08 now has an 8.5" twist, and Browning has switched all 7mm's to 1:8"). If some company like that were to buy Remington, and fix the QC issues and the antiquated twist rates, they would turn that company around in a heartbeat. Wish Remington would hire me for R&D or for a product consultant.
