41–50 of 314 posts
> A plunge in NIC checks foreshadows a corresponding plunge in gun sales I'm curious about this statement. NIC checks are, as the name implies, instant. They happen upon transfer of ownership of a firearm from an FFL dealer. So I'm not sure how they 'foreshadow' sales, more likely they mirror sales. In fact, when you purchase a gun online, the sale occurs before the check...
This is not an uncommon story for firearm manufacturers unfortunately. Tooling costs are high, sales hard to predict, and designs can fail easily. Ian McCollum of Forgotten Weapons has done a lot of videos on this topic.
This is not an uncommon story for firearm manufacturers unfortunately. Tooling costs are high, sales hard to predict, and designs can fail easily. Ian McCollum of Forgotten Weapons has done a lot of videos on this topic.
There's also the issue - perhaps - of market saturation. How many guns does one need? My pro-gun friends typically seem to have 2-3 but shy away from any more than that.
No, there's plenty of demand for guns. Remington's just lost their former reputation.
> A plunge in NIC checks foreshadows a corresponding plunge in gun sales I'm curious about this statement. NIC checks are, as the name implies, instant. They happen upon transfer of ownership of a firearm from an FFL dealer. So I'm not sure how they 'foreshadow' sales, more likely they mirror sales. In fact, when you purchase a gun online, the sale occurs before the check...
> A plunge in NIC checks foreshadows a corresponding plunge in gun sales I'm curious about this statement. NIC checks are, as the name implies, instant. They happen upon transfer of ownership of a firearm from an FFL dealer. So I'm not sure how they 'foreshadow' sales, more likely they mirror sales. In fact, when you purchase a gun online, the sale occurs before the check...
> Because private-equity firms appear frequently as villains in the press, many people assume that they cater mostly to the superrich, earning high returns on investments for billionaire clients. They do. But by far the most important piece of their business — 48 percent, according to the data-analytics firm Preqin — is investing capital for American pension funds. This doesn't get mentioned often enough when talking…
Earlier quoted context omitted.
There's also the issue - perhaps - of market saturation. How many guns does one need? My pro-gun friends typically seem to have 2-3 but shy away from any more than that.
Compare to social media games like Farmville - most people might spend money they personally consider excessive, but that balances out with some other forms of entertainment. Meanwhile I've heard they had people spending upwards of $10k PER MONTH. Enough so that it wasn't "that one weirdo". So while the "average" owner might have 1-3 guns (in this case), and the average "fanatic" might have 5-10, you have enough obse…
Remington just doesn’t have that many interesting guns. There are a ton of firearms manufacturers in the last 20 years. I’m guessing the AR-15 market alone is billions in revenue.
Earlier quoted context omitted.
Agreed. This isn't a unique tale for a firearms manufacturer. This is a common tale for nearly any type of manufacturer that is bought out by private equity firms. They reduce costs and quality, load it with debt, suck it dry, and then dump it on their creditors.
I’ve read about this scenario many times, but I’m curious about why any creditor would lend money to a company that’s poised to do this. Wouldn’t these private equity firms lose the ability to borrow money based on past practices like this?
Consider the alternative for where people can park their money - sovereign debt paying effectively zero paid for in an inflationary currency.
There is logic here. It isn’t great, but it’s there.