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Remington Arms Declares Bankruptcy

wsj.com

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Re: Remington Arms Declares Bankruptcy

#191

Post by umvi »

ed25519FUUU wrote: post #168
volkl48 wrote: post #154

Earlier quoted context omitted.

For a similarly opposite perspective as someone who's currently in a rural area: I can go out back, set up target(s) and plink away basically anytime I want. Might even do it this evening if the ammo I ordered finally gets delivered today. There's a safe direction to aim in and the distant neighbors don't mind, they do the same! For longer range, there's various outdoor ranges around, both formal and informal (you ma…

What part of the country do you live in? Even on a few acres, I'm not confident that a stray bullet couldn't cause quite a bit of harm.

There won't be "stray bullets" unless you shoot straight up or at high angles, which is a no-no. Otherwise gravity does a great job grounding the lead on your property.

Re: Remington Arms Declares Bankruptcy

#192

Post by stevehawk »

ed25519FUUU wrote: post #168
volkl48 wrote: post #154

Earlier quoted context omitted.

For a similarly opposite perspective as someone who's currently in a rural area: I can go out back, set up target(s) and plink away basically anytime I want. Might even do it this evening if the ammo I ordered finally gets delivered today. There's a safe direction to aim in and the distant neighbors don't mind, they do the same! For longer range, there's various outdoor ranges around, both formal and informal (you ma…

What part of the country do you live in? Even on a few acres, I'm not confident that a stray bullet couldn't cause quite a bit of harm.

I'm gonna go off of him saying 'plink' that he's probably shooting .22LR .. Most .22LR is gonna drop over 40" at 250 yards.

Re: Remington Arms Declares Bankruptcy

#193

Post by umvi »

amanaplanacanal wrote: post #175
jm4 wrote: post #143

Earlier quoted context omitted.

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?

It's very rare. Google "Elizabeth Smart" if you want a truly bizarre example of this.

Most common burglars only break into empty houses.

Re: Remington Arms Declares Bankruptcy

#194

Post by antihero »

awillen wrote: post #178
dsparkman wrote: post #155

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…

> If you go by that logic then the whole tech industry is very much evil because it exploits cheap labor (Uber, DoorDash, etc.).

I mean, a lot of the tech industry really is just focused on extracting value from other people's labour, or replacing them altogether.

Re: Remington Arms Declares Bankruptcy

#196

Post by whammywon »

Shared404 wrote: post #49
refurb wrote: post #48

Earlier quoted context omitted.

I assume it's in quotes because if there were only non-violent protests, it wouldn't drive people to buy guns. Hence "protests".

Maybe. On the other hand, I would argue that a violent protest is still a protest, thus the need to specify non-violent.

Sincere question: How do you differentiate between a "violent" protest and a riot?

Edit: realized I accidentally typed "non-violent" as opposed to "violent".

Re: Remington Arms Declares Bankruptcy

#197

Post by refurb »

DiabloD3 wrote: post #84
refurb wrote: post #44

Earlier quoted context omitted.

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.

Can you share the details you're referring to? Cerberus is Private Equity, so as far as I know, those details of the deal aren't public.

Re: Remington Arms Declares Bankruptcy

#198

Post by wl »

akiselev wrote: post #152
jonahbenton wrote: post #128

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…

I live in Los Angeles and I used to feel that way until this pandemic hit - I'm not saying you'll change your mind living in NYC, just sharing my change in perspective. I bugged out mid-March to a family farm to wait out the pandemic and since then its been a nonstop string of events reinforcing why - at least outside of cities - guns are absolutely necessary. Now, mind you, one member of the household works at a res…

The guns rural people tend to need are rifles. The guns that you see used in cities are almost entirely handguns. The concentration on scary black rifles is misguided unless you only focus on mass shootings, which make up a tiny fraction of firearm homicides.

Re: Remington Arms Declares Bankruptcy

#199

Post by scottlocklin »

bobbyd3 wrote: post #185
manfredo wrote: 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?

Hard to go wrong with a classic like the 870 though...

They seem a little overpriced when you can buy a Mossberg 500 with an extra barrel for like 2/5 the cost. Sure it ain't machined from a piece of steel; who cares? It also ain't as heavy.

Re: Remington Arms Declares Bankruptcy

#200

Post by M2Ys4U »

awillen wrote: post #178
dsparkman wrote: post #155

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…

>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.).

The whole VC-backed tech industry, yes.

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