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Author Topic: remington  (Read 530 times)

Offline yari

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remington
« on: March 26, 2018, 09:32:30 AM »
they filed bankruptcy today. it's not looking good for gun and ammo companies
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Offline Madgomer

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Re: remington
« Reply #1 on: March 26, 2018, 12:55:12 PM »
The gun and ammo companies will be fine if they manage their businesses appropriately.  Remington's mess is of their own making, they outran their headlights and got overextended.  I expect that brand will survive if they get the right people making the right decisions in their restructuring efforts.
One of God's greatest gifts to us is
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Offline MichiganLouie

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Re: remington
« Reply #2 on: March 26, 2018, 05:32:04 PM »
I can't see how they let their debt get up to 950 million dollars. 
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Started reloading my own ammo to save money 35 yrs ago.  Should start saving money anytime now.

Offline Madgomer

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Re: remington
« Reply #3 on: March 26, 2018, 05:46:29 PM »
Louie, I think to a great extent they got wrapped up in all of the euphoria created by that greatest gun salesman of all time, our very own Barack Obama, and made some ill advised assumptions that the exponential growth in sales would continue and enable them to rake in money hand over fist forever to obliterate whatever debt they incurred.  While gun sales aren't actually in a huge slump right now (contrary to what the media likes to say) the insane growth didn't continue, so the business case supporting all of their acquisitions imploded.  I've seen this scenario play out to varying degrees in a lot of companies - it's a painful lesson that managers can't seem to remember when they're in a big rising market.
One of God's greatest gifts to us is
the great outdoors - get out there
and enjoy it!

Offline yari

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Re: remington
« Reply #4 on: March 26, 2018, 08:52:34 PM »
mad- you hit it on the head. it happens to companies AND individuals. the old thinking that good times will never end theory. there is no rainy day fund or plan B. the nearsightedness is just amazing to me

the sad thing is bankruptcy has to be passed on to the folks that have planned accordingly 
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Offline Deerhead

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Re: remington
« Reply #5 on: March 27, 2018, 01:48:37 PM »
Your exactly right!  These companies continue to operate on someone else's money.  Why?  GREED.  After being in business for so many years they should be sitting on a pile of cash!  Oh but you have financial experts that say having huge cash reserves are bad because that money is not making money for you.  Well when you have a down turn in the economy those reserves just might keep you a float.  Will Remington survive?  Time will tell. 
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Offline BoBallistic

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Re: remington
« Reply #6 on: March 28, 2018, 11:43:15 AM »
Maybe it time for another rifle? - A Remington 700. I know and agree with most of your comments here about Greed and no rainy day fund or plan B.....If you guys know the Savage Story where Savage was making lots of models...here is a link to Savage who in 1988 filed for bankruptcy.....

http://www.rifleshootermag.com/rifles/a-brief-history-of-savage-arms/

Need to set up a 223 with night vision and thermal optics.......what do you think....
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Online MI_Bowhunter

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Re: remington
« Reply #7 on: March 30, 2018, 01:49:25 PM »
I can't see how they let their debt get up to 950 million dollars.


The 700 trigger recall and R51 issues are probably a large factor.   Not sure if it is the case here but one common thing that kills a lot of companies is greed at the top.
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