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Remington Arms Declares Bankruptcy

wsj.com

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Re: Remington Arms Declares Bankruptcy

#211

Post by jdhn »

wcarron wrote: post #203
komali2 wrote: post #5

Earlier quoted context omitted.

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?

I'll do ya 1 better: I had the displeasure of actually buying a new Harley (I was young and stupid). The street 500/750 are the worst of the worst from HD. The Iron 883 is the smallest "real" harley. And it's a completely different feel from the streets. However, it was a trashcan of a bike. I was always fixing weird issues, the HD dealership absolutely sucked in every facet from timeliness of service, to prices, to…

>I'm hearing whispers that H-D willl be axing their new forays into ADV, standard, and E-bikes.

At that point they might as well start winding down the company. I read reviews of the Livewire (their e-bike) and most people seemed to like it despite the very high price.

Re: Remington Arms Declares Bankruptcy

#212

Post by SEJeff »

rsync wrote: post #120
walrus01 wrote: post #68

Earlier quoted context omitted.

Among people I know who track modern firearm technology I don't know a single person who would even contemplate buying a Remington. They are to modern guns what a Harley Davidson is to a modern motorcycle. People who care about good tech and value are buying things like CZs, aero precision and Anderson AR10/15 lowers and uppers, etc. Even the canik pistol from turkey is remarkably good quality. Savage offers good val…

"Among people I know who track modern firearm technology I don't know a single person who would even contemplate buying a Remington." Anecdotal, but we needed several workhorse .308 rifles and even considering the previous issues with the Rem 700 triggers, etc., I still chose that model. In addition to being a simple mechanism and easy to clean and maintain, it has a very high adoption rate which means parts and chas…

The remington precision is also at an incredible price point for a longer range rifle compared to much of its competition.

Re: Remington Arms Declares Bankruptcy

#213

Post by wcarron »

antihero wrote: post #187
zrobotics wrote: post #39

Earlier quoted context omitted.

Speaking as someone who owns a 64 panhead and owned a 72 ironhead (rebuilt both from parts): Harleys have almost always been inferior bikes that have a strange sort of charm. Realistically, they occupy the same place as Ural, outdated bikes that have appeal mostly for style. The last time that Harley had anything cutting-edge (ignoring Buell) was likely the knucklehead, which was developed in the 30s. $8k will buy yo…

Are there bikes with the aesthetic style of Harleys that are better? I for one really dislike modern looking bikes.

Off the top of my head: Indian Scout, Indian FTR 1200, BMW RNineT, Yamaha Bolt, Yamaha XSR900/XSR700, Honda Rebel 500, Honda CB650R, Kawasaki Z900RS, Suzuki Boulevard

Re: Remington Arms Declares Bankruptcy

#214

Post by throwaway0a5e »

Overtonwindow wrote: post #85
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?

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

Walmart actually passes its low costs on to customers though.

Re: Remington Arms Declares Bankruptcy

#215

Post by [deleted] »

AdrianB1 wrote: post #180
paulie_a wrote: post #91

Earlier quoted context omitted.

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.

[deleted]

Re: Remington Arms Declares Bankruptcy

#216

Post by ryathal »

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.

Stray bullets cause a lot of harm, generally in the city to innocent bystanders. Even in hunting season when many people take to the woods with guns, stray bullets rarely cause harm, though people who shoot at movement before identifying an animal do hurt and kill people.

Re: Remington Arms Declares Bankruptcy

#217

Post by whammywon »

Shared404 wrote: post #210
whammywon wrote: post #196

Earlier quoted context omitted.

Sincere question: How do you differentiate between a "violent" protest and a riot? Edit: realized I accidentally typed "non-violent" as opposed to "violent".

I would say probably destruction of civilian property. Most of the protests could be considered as violent, due to the police shooting tear gas etc. into crowds of peaceful protest. Protests where the protesters get violent would in my mind involve A) Actual retaliation vs police, not just water bottles. or B) Destruction of government property. or C) Both. Protests where it devolves into looting private property are…

Thanks for the reply.

Re: Remington Arms Declares Bankruptcy

#218

Post by TheCoelacanth »

akira2501 wrote: post #205
awillen wrote: post #178

Earlier quoted context omitted.

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…

> 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 As a rate, how many business are actually "saved" by PE firms? > (and thus save the jobs that remain) Wouldn't that be simpler with a general bankruptcy? What is gained when a third party, often encumbered with leverage, gets involved? > but it's jus…

> Wouldn't that be simpler with a general bankruptcy? What is gained when a third party, often encumbered with leverage, gets involved?

A bankruptcy is getting a third party (a court) involved to redistribute ownership or sell off assets and redistribute the proceeds and to decide how the company will be run while all of that is happening.

That is a good deal more complicated than simply selling the company to someone who wants to run it differently.

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