CZ is a really good company. Colt, on the other hand, hasn't been good in decades. It will be interesting to see what they do with the acquisition.
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
#72The CZ Scorpion EVO subreddit is one of the more active firearm ones on Reddit, not surprised here. https://old.reddit.com/r/czscorpion/
That's one cool looking gun. Like that futuristic FN Herstal's P90, featured in Stargate.
It's their modern omage to the CZ vz61 Skorpion, which appeared in GoldenEye 64 as the Klobb.
Re: Czech gunmaker CZG buys Colt in cash and stock deal
#73Doesn'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.
Dank Alpha Centauri quote!
Re: Czech gunmaker CZG buys Colt in cash and stock deal
#74Doesn'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.
> I have seen designs for completely printed models, including the bolt carrier
Are these parts functional? I would be literally stunned if you could 3D print a bolt carrier group that lasts more than a clip.
The last I looked (and it's been a couple years), the designs exist, but are largely non-functional and/or still require several parts to be made of steel.
The barrel is another problematic piece. I get that with enough plastic, you might be able to make it handle the pressure (and that's a pretty big might). Even presuming you do, plastic is not hard enough to allow rifling, so we're back to smoothbore rifles, which practically haven't been seen since the Civil War. Worse yet, every time you pull that trigger, the heat and pressure will blast more of your plastic out the end of the barrel. That's going to ruin your accuracy, and at a certain point, you'll start losing muzzle velocity because the barrel no longer seals around the bullet.
Re: Czech gunmaker CZG buys Colt in cash and stock deal
#75Earlier quoted context omitted.
They would change the magazine design every few years and it would only fire Apple ammunition.
Changed the charging cable once, after 9 years. People still bring that up. Lightning has been around for 9 years already. (Sorry if the changed magasine design was about something else.)
Incorrect: They also changed the 30pin standard while keeping it 30pin. Many people found that they could not charge or play music with their new iDevice when plugging it in to a factory-wired (and non-removable) 30pin cable in their car.
Re: Czech gunmaker CZG buys Colt in cash and stock deal
#76Earlier quoted context omitted.
They would change the magazine design every few years and it would only fire Apple ammunition.
Changed the charging cable once, after 9 years. People still bring that up. Lightning has been around for 9 years already. (Sorry if the changed magasine design was about something else.)
There have also been multiple iOS updates that block 3rd party chargers through software even though those chargers use the lightning connector.
Re: Czech gunmaker CZG buys Colt in cash and stock deal
#77Earlier quoted context omitted.
But still, that means several of those highly-valued SV companies could afford to buy most gunmakers in existence...
Yup. The largest ones could afford to buy a mid-size country. (AMZN revenue = $386B, AAPL revenue = $274B, GOOG revenue = $182B, Norway GDP = $366B, Vietnam GDP = $340B, Chile GDP = $245B). Note also that SpaceX has more accurate ballistic missiles than the U.S. and Russia (PeaceKeeper CEP = 40M, while SpaceX routinely lands rockets upright within a ~10M radius on a drone ship), and Google has more data than the CIA…
Agreed with the sentiment that modern companies are capable, but disagreed on the rocket comparison -- the comparison is difficult at best.
One is travelling at tremendous speed (Mach 5 or something?) and has milliseconds for course-corrections, the aspires to come to a gentle halt and can close some feedback loops over and over again for thousands of milliseconds.
Edit: If you wish to make a weapons comparison, one might note that SpaceX can launch the mother of all MIRVs over and over again. The lower cost-to-orbit changes the economic calculus of rods-from-god, opening a possibility of a conventional-weapons bombardment from the other side of the planet for the first time.
Re: Czech gunmaker CZG buys Colt in cash and stock deal
#78Earlier quoted context omitted.
Yup. The largest ones could afford to buy a mid-size country. (AMZN revenue = $386B, AAPL revenue = $274B, GOOG revenue = $182B, Norway GDP = $366B, Vietnam GDP = $340B, Chile GDP = $245B). Note also that SpaceX has more accurate ballistic missiles than the U.S. and Russia (PeaceKeeper CEP = 40M, while SpaceX routinely lands rockets upright within a ~10M radius on a drone ship), and Google has more data than the CIA…
Surely one would expect to pay at least a few times annual revenue for a country?
Not if you use a community adjusted ebitda valuation.
Re: Czech gunmaker CZG buys Colt in cash and stock deal
#79Earlier quoted context omitted.
I'm now trying to picture what an Apple handgun would look like
They would change the magazine design every few years and it would only fire Apple ammunition.
Even if detachable magazines were legal (which it now looks like they soon will not be, with the possible exception of grip magazines in pistols), an Apple firearm won't include one. If the gun ever jams you have to take it to a Genius Bar to get it unjammed. Because it features Touch ID, it will be the only firearm to comply with Biden's proposed smart gun requirement at the time the requirement passes, and thus the only legal gun in America until other manufacturers follow suit -- but a gunOS mandatory security update causes the gun to squirt water instead of firing ammunition.
Re: Czech gunmaker CZG buys Colt in cash and stock deal
#80Earlier quoted context omitted.
Yup. The largest ones could afford to buy a mid-size country. (AMZN revenue = $386B, AAPL revenue = $274B, GOOG revenue = $182B, Norway GDP = $366B, Vietnam GDP = $340B, Chile GDP = $245B). Note also that SpaceX has more accurate ballistic missiles than the U.S. and Russia (PeaceKeeper CEP = 40M, while SpaceX routinely lands rockets upright within a ~10M radius on a drone ship), and Google has more data than the CIA…
Surely one would expect to pay at least a few times annual revenue for a country?
That's revenue GDP, and roughly earnings tax revenues. I believe those are equivalent comparisons: revenue and GDP both include all internal transactions, while earnings and tax revenue reflect what's available for management/government to spend at their discretion.
If a tech company were buying the country, market cap would be the appropriate metric, and market caps for those tech companies are in the $2T range, more than enough to pay a few times annual GDP.