I’m just upset Marlin was sold to Remington. The Model 39A is my favorite firearm. Once Remington took over, and they moved the factory, the quality went bad.
Remington Arms Declares Bankruptcy
21–30 of 346 posts
Re: Remington Arms Declares Bankruptcy
#22Never owned a Remington myself, but they've not been held in high regard for a while. Some say it was linked to it's acquisition by Cerberus Capital. Ultimately, though, it seem alike the company was asking customers to pay premium prices for average guns. What justifies spending 800 - 1200 dollars on a Remington 700 as compared to $500 on a Ruger American?
Remington's 700 trigger mechanism has a design flaw that's caused dozens of deaths and hundreds of serious injuries. The company covered up the flaw and engaged in all sorts of shady business as opposed to issuing a massive recall. Remington's ammo on the other hand isn't bad and seems to be sold everywhere you can still buy bullets.
Re: Remington Arms Declares Bankruptcy
#23Never owned a Remington myself, but they've not been held in high regard for a while. Some say it was linked to it's acquisition by Cerberus Capital. Ultimately, though, it seem alike the company was asking customers to pay premium prices for average guns. What justifies spending 800 - 1200 dollars on a Remington 700 as compared to $500 on a Ruger American?
Spot on. They are mostly a brand. None I've seen hold a candle to my 300wm Tikka t3 lite stainless I picked up for $600.
I’m sure that can’t hold a candle to my tactical warhead I picked up for 10k BTC.
Re: Remington Arms Declares Bankruptcy
#24What is the larger significance here? Does this mean the gun industry is struggling? Sounds unlikely given the spike in purchases. Maybe it's just another old company that once had a good reputation but has lost its way. PE probably involved. Or maybe there is some market shift. Like, fewer hunters purchasing lever actions and more urbanites buying semi-auto pistols.
Probably Cerberus trying to extract more money from government clients.
Re: Remington Arms Declares Bankruptcy
#25Never owned a Remington myself, but they've not been held in high regard for a while. Some say it was linked to it's acquisition by Cerberus Capital. Ultimately, though, it seem alike the company was asking customers to pay premium prices for average guns. What justifies spending 800 - 1200 dollars on a Remington 700 as compared to $500 on a Ruger American?
Sounds eerily similar to the Harley situation. I had the displeasure of renting a Harley something - street 500 or something along those lines - just to see what all the fuss was about. Seems much ado about nothing, why would I drop 8,000$ on a slab of iron, not even made in the USA anymore, when I could get twice the bike at half the weight for the same price from Suzuki?
You can get a Harley for $8k?
Re: Remington Arms Declares Bankruptcy
#26I wonder about the process here. If they filed for bankruptcy in 2018, and have to file again today in the middle of the hottest gun market in years... doesn't that mean they screwed up the first restructuring? (I guess I don't know how many of the people rushing to the store are actually buying the kind of expensive guns Remington sells, though. I'd believe a story where it's few to none.)
This is just financial engineering from a private equity company. They are simply bleeding out the brand reputation for as long as they can. Same playbook as every other one. Buy a brand. Cut costs and ship all work to the cheapest labor market. Count on brand loyalty and reputation to carry sales as the quality goes down. Eventually the brand will no longer be worth much due to the lower quality product, but by then…
Which owner of Remington are you referring to? I’m not sure I follow the theory that they experienced irrecoverable quality decline at the hands of one owner, unless you mean DuPont, and that’s hard to measure given the major changes in the retail rifle and pistol market during that time that were not favorable to Remington.
Re: Remington Arms Declares Bankruptcy
#27Never owned a Remington myself, but they've not been held in high regard for a while. Some say it was linked to it's acquisition by Cerberus Capital. Ultimately, though, it seem alike the company was asking customers to pay premium prices for average guns. What justifies spending 800 - 1200 dollars on a Remington 700 as compared to $500 on a Ruger American?
>> Some say it was linked to it's acquisition by Cerberus Capital. History repeats itself. As if these companies care about the brand reputation over decades, they just want to milk it and then sell it to idiots (public) that recognize the name. People are buying more guns than ever, so it was probably a planned bankruptcy
Corporate bankruptcy fueled by private equity?
That goes together like peanut butter and jelly.
Re: Remington Arms Declares Bankruptcy
#28You truly need to be shit at running your business to declare bankruptcy at a time when people are buying so many guns all the gun stores are sold out of anything decent.
Re: Remington Arms Declares Bankruptcy
#29Never owned a Remington myself, but they've not been held in high regard for a while. Some say it was linked to it's acquisition by Cerberus Capital. Ultimately, though, it seem alike the company was asking customers to pay premium prices for average guns. What justifies spending 800 - 1200 dollars on a Remington 700 as compared to $500 on a Ruger American?
>> Some say it was linked to it's acquisition by Cerberus Capital. History repeats itself. As if these companies care about the brand reputation over decades, they just want to milk it and then sell it to idiots (public) that recognize the name. People are buying more guns than ever, so it was probably a planned bankruptcy
EDIT:
Point taken with the downvotes.
This feels very similar to the Intel story, except it seems that Intel is aware and will rectify the problem.
But less gun companies overall is a Good Thing in my opinion.
Re: Remington Arms Declares Bankruptcy
#30Never owned a Remington myself, but they've not been held in high regard for a while. Some say it was linked to it's acquisition by Cerberus Capital. Ultimately, though, it seem alike the company was asking customers to pay premium prices for average guns. What justifies spending 800 - 1200 dollars on a Remington 700 as compared to $500 on a Ruger American?
Spot on. They are mostly a brand. None I've seen hold a candle to my 300wm Tikka t3 lite stainless I picked up for $600.
Good buy! I have a Sako finnlight 300 WSM and kinda wish I went with the WM just for ease of finding ammo, but the kick on the finnlight is pretty fatiguing as is. Completely pays off in the mountains though, How is 300wm on the tikka lite?