Remington in trouble



  • 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.



  • Could also be due to Remington producing shitty firearms for the last 5-7 years.



  • 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.



  • Complacency



  • 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



  • @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.


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