Live data from Hacker News

Remington Arms Declares Bankruptcy

wsj.com

131–140 of 346 posts

Re: Remington Arms Declares Bankruptcy

#131
post #92

Earlier quoted context omitted.

70% of Americans are white but we still care about the minority vote. (Living in a gun-owning household is not irrelevant. For the reasons people buy guns—hunting, self-defense, etc., you don’t need everyone to have a gun in their own name.)

So was I incorrect in my statementt that a minority of Americans own a gun. And yes it is irrelevant. I do not control, perhaps do not even know what a roommate owns and vice versa. And that only pushed the needle up a but, to still being in the minority. You mention minorities? Gun owners are a minority

> I do not control, perhaps do not even know what a roommate owns and vice versa.

Households with "roommates" are a small minority of all households. About 40 million of 250 million adults live in a household with other people that they're not related to or romantically involved with. The vast majority of households that aren't individuals living alone are are families or unmarried couples. In those contexts, it would be typical for one member of the household to own the firearms as a legal matter, but others might use it or rely on it. For example, Breonna Taylor was living with her boyfriend, who was licensed to own a firearm. If the couple bought a gun for self-defense, it seems fair to attribute the gun to the whole household, not just the individual who purchased it. Or in another example, a parent might purchase a firearm that other adult family members in the household use for hunting or target practice.

You're also forgetting about voting. Gun owners are much more likely to be older, married, and live outside the city. (Many people who don't own a gun when they're young and living in the city purchase one when they move out to the 'burbs and start af family!) The same groups of people are also more likely to vote.

Re: Remington Arms Declares Bankruptcy

#132

Am sure this will be downvoted but just commenting that I find discussion in these threads fascinating, terrifying, fundamentally foreign. Having lived in large cities all my life I cannot conceive of owning a gun, or of other nearby city dwellers owning guns, or even being allowed to in a non law enforcement capacity. There are apartments in NYC with working fireplaces- seems almost equally insane to me, though gun…

For those of us who grew up around guns, your abject horror at an object is as puzzling as someone being terrified of knives or slingshots. Would be nice if cops were all good and could teleport to your location in time of need. Drive an hour outside your city of choice and that ain't gonna happen. Just sharing my own experience, cheers.

Re: Remington Arms Declares Bankruptcy

#133
post #96
post #41

Earlier quoted context omitted.

Remington levered up and took on a ton of debt at the wrong time. The owners gambled and lost. It's a shame that people will lose their jobs over this.

It was actually strategic by the private equity that bought them. They leveraged Remington to the hilt, extracted all of the value and then bankrupted the shell. Not that I am an advocate of what they do but it was actually brilliant. Gun companies on average don't go bankrupt, so they where able to significantly leverage Remington while hollowing it out and moving the assets to other companies. Leaving the shell for…

Isn't that fraud?

Re: Remington Arms Declares Bankruptcy

#134

Am sure this will be downvoted but just commenting that I find discussion in these threads fascinating, terrifying, fundamentally foreign. Having lived in large cities all my life I cannot conceive of owning a gun, or of other nearby city dwellers owning guns, or even being allowed to in a non law enforcement capacity. There are apartments in NYC with working fireplaces- seems almost equally insane to me, though gun…

For those of us who grew up around guns, your abject horror at an object is as puzzling as someone being terrified of knives or slingshots. Would be nice if cops were all good and could teleport to your location in time of need. Drive an hour outside your city of choice and that ain't gonna happen. Just sharing my own experience, cheers.

Yup, totally get it. Big mental shift. Thank you.

Re: Remington Arms Declares Bankruptcy

#135

Am sure this will be downvoted but just commenting that I find discussion in these threads fascinating, terrifying, fundamentally foreign. Having lived in large cities all my life I cannot conceive of owning a gun, or of other nearby city dwellers owning guns, or even being allowed to in a non law enforcement capacity. There are apartments in NYC with working fireplaces- seems almost equally insane to me, though gun…

For those of us who grew up around guns, your abject horror at an object is as puzzling as someone being terrified of knives or slingshots. Would be nice if cops were all good and could teleport to your location in time of need. Drive an hour outside your city of choice and that ain't gonna happen. Just sharing my own experience, cheers.

Is your direct experience that you have actually held/brandished/used a firearm during an event when you were physically threatened? Or is this strictly theoretical?

Re: Remington Arms Declares Bankruptcy

#136

Am sure this will be downvoted but just commenting that I find discussion in these threads fascinating, terrifying, fundamentally foreign. Having lived in large cities all my life I cannot conceive of owning a gun, or of other nearby city dwellers owning guns, or even being allowed to in a non law enforcement capacity. There are apartments in NYC with working fireplaces- seems almost equally insane to me, though gun…

It's definitely framed by where you live. I had a buddy in rural West Texas who had a loaded AR-15 mounted on the wall of his living room. I thought it was some insane gun nut thing, until I asked him about it. He explained that the nearest sheriff was 45 minutes away and he'd also had problems with coyotes attacking his chickens. For him, it would be crazy not have a high-powered weapon at the ready since there was no one nearby to help and there was significant wildlife in the area.

On the other hand, having an AR-15 in NYC would be a nightmare for obvious reasons.

I think folks on both sides of gun debate forget this - that there are dramatically different living situations across America. In this respect, it really doesn't make sense to talk about gun laws at the federal level (I know, 2nd Amendment), because what makes good sense in New York is ridiculous to someone living in rural Texas and vice-versa. It's not purely political, there's a very real practical element that doesn't often get discussed.

Re: Remington Arms Declares Bankruptcy

#137

Am sure this will be downvoted but just commenting that I find discussion in these threads fascinating, terrifying, fundamentally foreign. Having lived in large cities all my life I cannot conceive of owning a gun, or of other nearby city dwellers owning guns, or even being allowed to in a non law enforcement capacity. There are apartments in NYC with working fireplaces- seems almost equally insane to me, though gun…

For those of us who grew up around guns, your abject horror at an object is as puzzling as someone being terrified of knives or slingshots. Would be nice if cops were all good and could teleport to your location in time of need. Drive an hour outside your city of choice and that ain't gonna happen. Just sharing my own experience, cheers.

Even within cities, people have been having that realization over the past two months with how the cops have been unable to keep up with the rioting. Permit applications are up 500% in Illinois, and sales are skyrocketing all over.

https://www.chicagotribune.com/news/breaking/ct-chicago-illi...

Re: Remington Arms Declares Bankruptcy

#138

Earlier quoted context omitted.

For those of us who grew up around guns, your abject horror at an object is as puzzling as someone being terrified of knives or slingshots. Would be nice if cops were all good and could teleport to your location in time of need. Drive an hour outside your city of choice and that ain't gonna happen. Just sharing my own experience, cheers.

Is your direct experience that you have actually held/brandished/used a firearm during an event when you were physically threatened? Or is this strictly theoretical?

My parents did while my house was being broken into one night by multiple men. Semi-rural area. Thankfully they left before anything happened. I have close friends with darker stories.

Re: Remington Arms Declares Bankruptcy

#139

Surprising, since lockdowns and "protests" have greatly increased the rate of gun purchasing. In my state, all firearms were out of stock at the local shops for months.

Not sure why this is getting down-voted. The individual is stating a fact that speaks to the current boom that the firearms industry is experiencing right now as result of a a pandemic coupled with civil unrest.

Re: Remington Arms Declares Bankruptcy

#140
post #136

Am sure this will be downvoted but just commenting that I find discussion in these threads fascinating, terrifying, fundamentally foreign. Having lived in large cities all my life I cannot conceive of owning a gun, or of other nearby city dwellers owning guns, or even being allowed to in a non law enforcement capacity. There are apartments in NYC with working fireplaces- seems almost equally insane to me, though gun…

It's definitely framed by where you live. I had a buddy in rural West Texas who had a loaded AR-15 mounted on the wall of his living room. I thought it was some insane gun nut thing, until I asked him about it. He explained that the nearest sheriff was 45 minutes away and he'd also had problems with coyotes attacking his chickens. For him, it would be crazy not have a high-powered weapon at the ready since there was…

Yeah, I can't possibly think of a single method of dealing with coyotes that isn't an AR-15. Until that specific model of firearm was invented, people just sort of let coyotes eat their chickens, as there was nothing they could possibly do. They couldn't use humbler firearms with less capacity for committing mass shootings, they just let their chickens die.
Post reply on HN