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Remington Arms Declares Bankruptcy

wsj.com

81–90 of 346 posts

Re: Remington Arms Declares Bankruptcy

#81
post #75
post #31

Earlier quoted context omitted.

I have an 870 which is a fine shotgun and not so expensive. I've got better guns in the safe, but when I want something to hunt rabbits or squirrel its still my go to.

The main model or the Express?

Express. The whole idea is to not drag an expensive gun through a brier patch.

Re: Remington Arms Declares Bankruptcy

#82
post #5
post #3

Never 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?

Yes! Reminds of the AMF years of HD.

Re: Remington Arms Declares Bankruptcy

#84
post #44

Earlier quoted context omitted.

>> 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

planned bankruptcy Planned? You realize Cerberus would have made a lot more money if it had been a successful turnaround.

Cerberus sort of hinges on "a guaranteed amount of much less profit" vs "we might profit, or we might completely lose our investment".

They're not "investors", they're predatory vultures. However, given that, their model does work, even if it is immoral and short-sighted.

Re: Remington Arms Declares Bankruptcy

#85
post #3

Never 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?

I wouldn’t say the company is held in high regard, they’ve been sort of the Walmart of manufacturing for well over 100 years. Overpriced weapons, little innovation, where is companies like Ruger have continue to innovate for a reasonable price

Re: Remington Arms Declares Bankruptcy

#86

Earlier quoted context omitted.

> "protests" Pretty sure there are in fact protests. Regardless of your view on them, which I won't get into because this is HN and not Reddit.

I generally agree with the message of the protests but I feel like what's going on in Portland isn't being widely covered by the media. I am a long standing democrat for many years and it is becoming really difficult to stand behind the message when the activists have no agenda, want to continue doing this and there is no end in sight. I absolutely resent federal forces defending the courthouse. If protestors want to…

We jail arsonists for good reason.

“Burn the courthouse for change” isn’t centrist, it’s delusional.

Re: Remington Arms Declares Bankruptcy

#87

Earlier quoted context omitted.

Honestly no. If anything the gun industry holds a substantial bit of political power considering the average American doesn't even own a gun. Edit:. Touchy subject but it's a fact the average American doesn't own a gun. The political influence is substantial on the other hand. I'm not anti gun because it should be an inconsequential topic. It's like vegans had the big seat at the table.

It's definitely touchy, but I think even in abstract it's a bit misleading to say in isolation that the average American doesn't own a gun. There are areas of the country where guns are rare, but there are also many areas where they're very normalized and most households have one.

There’s a town in Georgia where owning a gun is mandatory.

Re: Remington Arms Declares Bankruptcy

#88

Earlier quoted context omitted.

> "protests" Pretty sure there are in fact protests. Regardless of your view on them, which I won't get into because this is HN and not Reddit.

I generally agree with the message of the protests but I feel like what's going on in Portland isn't being widely covered by the media. I am a long standing democrat for many years and it is becoming really difficult to stand behind the message when the activists have no agenda, want to continue doing this and there is no end in sight. I absolutely resent federal forces defending the courthouse. If protestors want to…

So, who gets to burn down government buildings, and who doesn't?

Re: Remington Arms Declares Bankruptcy

#89

Earlier quoted context omitted.

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.

The Tikka T3 is quite possibly the best value for money bolt action rifle on the market. In general, I've almost always found outdoor equipment from European companies to be superior to American (regardless of where it's actually manufactured). I've always got the impression from their marketing material that the Europeans are selling a product, whereas the Americans are always selling a lifestyle.

> I've always got the impression from their marketing material that the Europeans are selling a product, whereas the Americans are always selling a lifestyle.

A lot of people say the same thing about Harley-Davidson motorcycles. FortNine had a video made the rounds a little while ago:

* https://www.youtube.com/watch?v=EOwxxsPaogY

Re: Remington Arms Declares Bankruptcy

#90
Most comment seem to agree that Remington stopped making quality guns, with the obvious effects on profitability. When did this happen? Is it a cause or an effect of the mentioned private equity funds? Is it an Intel-like bad period on the product design and R&D front?
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