View Single Post
  #1  
Old 14 February 2018, 09:54
mdwest's Avatar
mdwest mdwest is online now
exquisitus asinus
 
Join Date: May 2004
Location: here
Posts: 2,858
Remington filing bankruptcy

https://www.nbcdfw.com/news/local/Gu...473968583.html

Looks like Remington Arms is filing Chapter 11 and Cerberus Capitol Corp is going to relinquish control of the company as soon as the bankruptcy is complete..

Slow sales and big inventories are being cited for their massive losses over the past year (Im sure the Sandy Hook law suit and the defective Rem 700 trigger that got recalled played a part as well)..

I guess POTUS Obama was good for something.. during his presidency gun and ammo sales stayed high the entire 8 years despite high prices...

bring in someone that isnt anti 2A, and suddenly gun and ammo makers have to be competitive to maintain market space lol..
__________________
There are no stupid questions... There are however a lot of inquisitive morons..
Reply With Quote