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#1
03-26-2018, 05:04 AM
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The oldest ....
.... gun maker in the United States, files for bankruptcy.
https://www.cnbc.com/2018/03/26/remington-the-oldest-gun-maker-in-the-united-states-files-for-bankruptcy.html
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Rich COTEP #762 A gun is a tool, no better or no worse than any other tool: an axe, a shovel or anything. A gun is as good or as bad as the man using it. Remember that. And shepherds we shall be, for Thee, my Lord, for Thee. Power hath descended forth from Thy hand, that our feet may swiftly carry out Thy command. So we shall flow a river forth to Thee, and teeming with souls shall it ever be. In nomine Patris, et Filii, et Spiritus Sancti. 
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#3
03-26-2018, 08:26 AM
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They did but restructured. The did some good but now they are doomed to file. According to the news they have had lousy investing after sandy hook. They were cleared in any wrong doing but they have had very week investors and were loosing money quickly. I am sure they will either be bought out or absorbed by another maker. Either way I feel Remington is more soon.
This actually is messed up. They make the AR15 that shot up sandy hook and they got blamed and targeted. How stooped are Americans. If it was a car driven through the school they would not have gone after ford or whoever. So dumb
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#4
03-26-2018, 09:26 AM
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Remington killed itself. Recalls of the 700 and the R51 put them on shaky ground with buyers. A couple lawsuits thrown in combined with mismanagement up top. Colt would be in the same boat if not for its government contracts propping them up.
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CBOB0746 NRA Life Member Florida CWL Since 1992
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#5
03-26-2018, 03:29 PM
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 Cerberus 
__________________
Rich COTEP #762 A gun is a tool, no better or no worse than any other tool: an axe, a shovel or anything. A gun is as good or as bad as the man using it. Remember that. And shepherds we shall be, for Thee, my Lord, for Thee. Power hath descended forth from Thy hand, that our feet may swiftly carry out Thy command. So we shall flow a river forth to Thee, and teeming with souls shall it ever be. In nomine Patris, et Filii, et Spiritus Sancti.
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#6
03-26-2018, 03:52 PM
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Quote:
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**I have been Enlightened**
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#7
04-04-2018, 07:10 AM
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Remington wants to halt rifle settlement during bankruptcy case
https://www.msn.com/en-us/money/companies/remington-wants-to-halt-rifle-settlement-during-bankruptcy-case/ar-AAvqafz?OCID=ansmsnnews11
__________________
Rich COTEP #762 A gun is a tool, no better or no worse than any other tool: an axe, a shovel or anything. A gun is as good or as bad as the man using it. Remember that. And shepherds we shall be, for Thee, my Lord, for Thee. Power hath descended forth from Thy hand, that our feet may swiftly carry out Thy command. So we shall flow a river forth to Thee, and teeming with souls shall it ever be. In nomine Patris, et Filii, et Spiritus Sancti.
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#8
04-04-2018, 09:11 AM
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After reading this and some other articles I don't believe there is anyways this will end well for Remington. They are down really to two options at this point. First a company or investment group buys them out to save the name. This is a long shot with all the issues they are having. Second they just close the doors and walk away, this is a actual reality. Before 2018 is complete we could see the company just dissolve ....this is a crazy time folks.
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#9
04-04-2018, 02:29 PM
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I heard on the news someone gave them some money to help them out, I hope their quilty gets better and they get out of the hole.
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CBOB:0002 1905 Savage 380, 1978, 1980 DW Pistol Pacs, Severns Custom 1985 Springer 1911A1, 09 DW Marksman, S&W Model 19-6, GSG 1911 22LR. , S&W Model 29-2
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