Remington in trouble
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According to the Associated Press, Remington is seeking bankruptcy protection in order to reduce debt by $700 million. It appears that general gun sales are down because we don't have an anti gun president in the Whitehouse.
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Could also be due to Remington producing shitty firearms for the last 5-7 years.
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5-7 years? Been longer then that.
Remington has to be about the only firearm company to lose money the last 8years though, well maybe some of freedom groups other holdings.
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Complacency
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I think Remington Arms is going to be around for a while yet. This is simply a Chapter 11 bankruptcy proceeding allowing for some reorganization. But, if they happen to get into any more deep water, then . . . ????
https://www.nbcnews.com/news/us-news/beleaguered-gun-maker-remington-files-bankruptcy-n847316
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@orkan said:
Could also be due to Remington producing shitty firearms for the last 5-7 years.
Disappointed in the length of the throat on the older one which I believe I have. Heard the newer ones shoot poorly. I guess there's only so much you can expect from even a forgiving bullet like SMK's.
Sounds like a text book case of how not to run a company.
