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Remington Arms Declares Bankruptcy

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171–180 of 346 posts

Re: Remington Arms Declares Bankruptcy

#171
post #95

Earlier quoted context omitted.

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

What happens if you are a foreigner and you choose to live there?

IIRC they did it as a political statement and have a bunch of exceptions/loopholes that more or less make it so that anyone who doesn't want to doesn't have to.

Re: Remington Arms Declares Bankruptcy

#172
post #38

Earlier quoted context omitted.

But does Suzuki make noise as if a muffler fell off?

Stock Harleys aren't loud either. The loud ones are all aftermarket mods than any bike can have.

Eh… I was just in a Harley dealer last weekend and a salescritter was riding one around the showroom (…yeah…) and it was loud. I know they have db requirements to be imported or whatever, but I don't get the sense that Harley-Davidson is just now building quiet bikes.

Re: Remington Arms Declares Bankruptcy

#173
post #136

Earlier quoted context omitted.

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…

>It's definitely framed by where you live. It's not nearly that sensible and straighforward. Drive south of DC to the point where subdivisions give way to farms and you can shoot all day without being bothered. Drive the same distance outside of Boston or NYC and you've got the same low population density but if you shoot anything in your back yard you'll get a visit from the SWAT team. This kind of stuff really shou…

> Drive the same distance outside of Boston or NYC

The North American headquarters for Sig Sauer is only an hour from Boston.

Do you live in New England? It's not a big deal at all. Not just in NH, but in MA too.

Re: Remington Arms Declares Bankruptcy

#174

What 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.

> Does this mean the gun industry is struggling?

Far from struggling. COVID, the looming election, and the riots have made it a boom time for gun sales.

Remington, unfortunately is like Harley, expensive, low quality, and trading on previous legacy.

Re: Remington Arms Declares Bankruptcy

#175
post #143

Earlier quoted context omitted.

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?

I have. A couple guys came into the house late at night while I was in bed. I was upstairs and they were downstairs. I didn't have a means to escape. Cops can't help in that situation. I confronted them at the stairs and the whole thing de-escalated very quickly. Nobody got hurt. As far as someone sneaking into your house while you sleep, it was pretty much a best case scenario.

Stories like this sound so weird to me. Breaking into an occupied house sounds like suicidal behavior. What kind of thought process goes into doing something like that?

Re: Remington Arms Declares Bankruptcy

#176

What 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.

Industry is very strong, but PE-controlled Remington has lost their way. What's interesting to me is the 700 action design is becoming the dominant default pattern from custom manufacturers. Bighorn, ARC, Defiance, GAP, Kelbly's, Curtis, Ultimatum, Stiller, Surgeon, BAT Machine, Terminus, Impact, Falcor, Vudoo, etc. - all are compatible with a huge variety of stocks and triggers designed for the Remington 700 action specs. It will be odd if the actual Remington 700 is not in that list anymore, given the popularity of the design.

Re: Remington Arms Declares Bankruptcy

#177

Earlier quoted context omitted.

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.

AR15 is a lighter, lower powered gun than your typical hunting rifle; the energy of a .223 bullet is a lot lower than a .30. The capacity is almost irrelevant, changing multiple mags is no problem for anyone with decent training. I am the kind of guy that loads only 5 rounds in each 10 round mag (sport shooting), so changing mags is as natural as firing the next round. People telling that "high-capacity overpowered m…

>People telling that "high-capacity overpowered mass destruction weapons" should be forbidden, on the other side...

Are like the people who are saying the Casio F91W is a "terrorist watch" https://news.ycombinator.com/item?id=23971045

Re: Remington Arms Declares Bankruptcy

#178

If a business is purchased by a private equity company, it is not long for this world. Private equity is all about strip mining a business.

This grossly (and incorrectly) oversimplifies an enormous industry with a number of different approaches. Some PE firms absolutely strip the assets out of businesses and maximize their short term profits, while others buy and hold for the long term and others add value to companies they buy then sell them or take them public.

I hate the whole "PE is evil" attitude from people who don't understand it. Often there are headlines about how a PE firm has taken a firm over and fired hundreds or thousands of people, and the connotation is very much that they are evil and greedy for profit at the expense of people's livelihoods, while the reality is the business in its current form was going to fail and take everyone's job with it, and it was necessary to cut jobs in order to save the business (and thus save the jobs that remain).

I know the industry is an easy target because it's a bunch of rich guys and some of them are definitely greedy profiteers, but it's just unhelpful to label the whole industry based on those. If you go by that logic then the whole tech industry is very much evil because it exploits cheap labor (Uber, DoorDash, etc.).

Re: Remington Arms Declares Bankruptcy

#179

If a business is purchased by a private equity company, it is not long for this world. Private equity is all about strip mining a business.

In this case, they were given the kiss of death. Cerberus Capital right as/after they were done striping Chrysler to the bones. They used the same executive to do it, although his name eludes me now. Paid obnoxious amounts of money for niche brands like AAC, then immediately ran them into the ground. Failed to miss every single opportunity to make money by creating a military-only section that ad functionally identical guns they were selling on the civilian side in configurations people actually wanted. Dropped the ball on quality in every plant - then refocused almost everything to an Alabama facility where they continued to drop the ball but all together now. And just generally did everything wrong.

There have been so many chances to sell. The Navajo Nation offered almost a billion in 2014 or so, couple years later a friend of mine in that industry was on a team that looked into buying with another capital company that everyone here would know, and the books showed that the 250 million they were asking was extremely optimistic for their sales and debt.

I have no doubt someone will pick it up now, but at dirt cheap, for name and maybe 20 IP designs that will keep getting made. The 870 and some Marlins will stay, all of DPMS is probably gone, dumb things like the R51 will finally see the garbage pale. The military contracts are worth something, but they largely weren’t suppling much to US mil, except some precision rifle components, and suppressors, their M4 carbines were going overseas.

So... IDK. Left and right and all over just the wrong way to run a gun company.

Re: Remington Arms Declares Bankruptcy

#180

Earlier quoted context omitted.

30% of American adults own a gun and 43% live in a gun household [1] and only about 40% of Americans bother to vote in presidential elections. Gun owners are more political than non-owners [2] so it's not unlikely that half of all voters or more are gun owners or live in gun households. That's a significant political force. Vegans, in contrast, make up around 0.4-3% of Americans depending on the poll [3]. [1] https:/…

I was being absurd in my comparison to veganism But 70 percent of Americans do not own a gun. Am I being obtuse to say a minority of Americans own a gun? Living in a household is completely irrelevant.

If you have a gun owner in a household (a traditional family with kids) everyone that have voting rights will vote pro guns, that is 2-3-4 times that minority of owners translating in a majority of voters.

In my case if I would own a gun there would be 7 voters supporting it. Quite a multiplier.

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