SmallArmsSolutions used to work for Colt, he's got some insightful thoughts on the whole thing: https://www.youtube.com/watch?v=PSMQ7S0NNNU
Czech gunmaker CZG buys Colt in cash and stock deal
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Re: Czech gunmaker CZG buys Colt in cash and stock deal
#12I do not know much about how good Colt is doing, but isn't 220mil plus 18mil in stocks a bit cheap?
I think FN has a lot of the US military contracts now, so it that might help explain why
Re: Czech gunmaker CZG buys Colt in cash and stock deal
#13I do not know much about how good Colt is doing, but isn't 220mil plus 18mil in stocks a bit cheap?
The billion dollar valuations of silicon valley startups may cloud your judgement a bit.
220 mil is a lot. Most companies won't be worth this much.
Except for the US, guns are mostly sold to governments (policy, military) so the gun market isn't that large, and there is lots of competition.
Re: Czech gunmaker CZG buys Colt in cash and stock deal
#14I do not know much about how good Colt is doing, but isn't 220mil plus 18mil in stocks a bit cheap?
It stands to reason that if Colt's owners could have gotten a significantly better deal they probably would have.
In particular, Colt may have substantial liabilities, making the cost of the purchase to CZG larger than the amount of money that changed hands.
Re: Czech gunmaker CZG buys Colt in cash and stock deal
#15Doesn'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.
I guess giving money to the people selling a gun company, then firing most their workers just sets up a situation where they can rehire them all, and use the money you just spend on making more guns.
Re: Czech gunmaker CZG buys Colt in cash and stock deal
#16Doesn'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.
“Beware of he who would deny you access to information, for in his heart he dreams himself your master.” With 3d printed guns already a reality (I have seen designs for completely printed models, including the bolt carrier), the cat is out of the bag.
Re: Czech gunmaker CZG buys Colt in cash and stock deal
#17"God Created Men and Sam Colt Made Them Equal!”
https://www.historyandheadlines.com/march-5-1836-god-created...
Re: Czech gunmaker CZG buys Colt in cash and stock deal
#18Doesn'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.
Okay but let's see the EU, China, and Russia disarm themselves first.
Re: Czech gunmaker CZG buys Colt in cash and stock deal
#19I do not know much about how good Colt is doing, but isn't 220mil plus 18mil in stocks a bit cheap?
Their bankruptcy several years ago kept them alive but didn’t really solve their problems. They’re little more than a brand (not an entirely positive one) and manufacturing capacity. Their revenue is offset by their expenses.