Czech gunmaker CZG buys Colt in cash and stock deal

#1

Post by lazycrazyowl » Fri, Feb 12, 2021, 4:25 PM UTC

Czech gunmaker CZG buys Colt in cash and stock deal
reuters.com

Re: Czech gunmaker CZG buys Colt in cash and stock deal

#2

Post by floren » Fri, Feb 12, 2021, 4:45 PM UTC

CZ makes damn fine guns, so this seems like one of the better outcomes--better than being bought by a maker of crap who wishes to apply a veneer of respectability through the Colt name.

Re: Czech gunmaker CZG buys Colt in cash and stock deal

#3

Post by [deleted] » Fri, Feb 12, 2021, 4:46 PM UTC

[deleted]

Re: Czech gunmaker CZG buys Colt in cash and stock deal

#4

Post by csunbird » Fri, Feb 12, 2021, 4:49 PM UTC

I do not know much about how good Colt is doing, but isn't 220mil plus 18mil in stocks a bit cheap?

Re: Czech gunmaker CZG buys Colt in cash and stock deal

#5

Post by ed_blackburn » Fri, Feb 12, 2021, 4:50 PM UTC

Doesn't seem like a lot of money. Shame somebody didn't buy it and shutter it. Less guns in the world is better for everyone.

Re: Czech gunmaker CZG buys Colt in cash and stock deal

#6

Post by AlgorithmicTime » Fri, Feb 12, 2021, 4:53 PM UTC

csunbird wrote: post #4

I do not know much about how good Colt is doing, but isn't 220mil plus 18mil in stocks a bit cheap?

Colt has basically been milking the 1911 and AR-15/M-16 for decades. And they lost the M-4 contract to FN a while ago, so they have very little going for them but the name.

Re: Czech gunmaker CZG buys Colt in cash and stock deal

#7

Post by woofcat » Fri, Feb 12, 2021, 4:54 PM UTC

csunbird wrote: post #4

I do not know much about how good Colt is doing, but isn't 220mil plus 18mil in stocks a bit cheap?

I'd think so given the number of Government Contracts. Looks like this includes things like Colt Canada which is the provider of small arms to the armed forces. C7, C8 etc.

Re: Czech gunmaker CZG buys Colt in cash and stock deal

#8

Post by DamnYuppie » Fri, Feb 12, 2021, 4:54 PM UTC

ed_blackburn wrote: post #5

Doesn't seem like a lot of money. Shame somebody didn't buy it and shutter it. Less guns in the world is better for everyone.

The dream and goal of every tyrant and despot ever is to reduce the martial capacity of their "subjects".

Re: Czech gunmaker CZG buys Colt in cash and stock deal

#9

Post by frongpik » Fri, Feb 12, 2021, 4:54 PM UTC

ed_blackburn wrote: post #5

Doesn't seem like a lot of money. Shame somebody didn't buy it and shutter it. Less guns in the world is better for everyone.

Well, you probably want to keep some guns around for private guards for the rich - respectable citizens deserve safety.

Re: Czech gunmaker CZG buys Colt in cash and stock deal

#10

Post by chrisseaton » Fri, Feb 12, 2021, 4:55 PM UTC

csunbird wrote: post #4

I do not know much about how good Colt is doing, but isn't 220mil plus 18mil in stocks a bit cheap?

The company was recently bankrupt.