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Remington Arms Declares Bankruptcy

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181–190 of 346 posts

Re: Remington Arms Declares Bankruptcy

#181

Foreign weapons manufactueres declare victory once again. Russia seems to be in a military boom.

I wouldn't disagree, overall, but it may not be that clear-cut. I heard Sig Sauer is closing a German factory and the US plant will be exporting US-made Sigs. Reminds me of the Accord I used to have, made in Ohio. Are these wins for foreign companies? I tend to think of them as domestic wins with foreign owners getting a slice off the top.

Re: Remington Arms Declares Bankruptcy

#182
post #44

Earlier quoted context omitted.

>> Some say it was linked to it's acquisition by Cerberus Capital. History repeats itself. As if these companies care about the brand reputation over decades, they just want to milk it and then sell it to idiots (public) that recognize the name. People are buying more guns than ever, so it was probably a planned bankruptcy

planned bankruptcy Planned? You realize Cerberus would have made a lot more money if it had been a successful turnaround.

Not really, corporate raiders like Cerberus are playing a completely different game. Carl Ichan was famous for fleecing TWA by leveraging a profitable company to the hilt and declaring bankruptcy.

Whoops, looks like the bondholders were all Carl Ichan personally and he now owns the company.

Re: Remington Arms Declares Bankruptcy

#183

Earlier quoted context omitted.

I generally agree with the message of the protests but I feel like what's going on in Portland isn't being widely covered by the media. I am a long standing democrat for many years and it is becoming really difficult to stand behind the message when the activists have no agenda, want to continue doing this and there is no end in sight. I absolutely resent federal forces defending the courthouse. If protestors want to…

So, who gets to burn down government buildings, and who doesn't?

Good question.

I would say, that if there are large scale protests which are interrupted with brutality from government entities, burning down government buildings is not a wise action, but also not an unreasonable one -- from an ethical point of view.

Re: Remington Arms Declares Bankruptcy

#184
post #4

No worries, another PE firm will come along to bail them out by issuing more debt and of course paying themselves a dividend. Rinse, repeat.

Well, if the lending institutions want to take on that debt, even if it would result in it being paid out in dividend and not recoverable in a bankruptcy, that's probably their right to do so - it's the lender's money to risk as they want in hopes of profit.

The biggest lending institution in the junk bond market is now the federal reserve, so traditional notions of risk and profit are out the window.

Re: Remington Arms Declares Bankruptcy

#185
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...

Re: Remington Arms Declares Bankruptcy

#187
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?

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.

Re: Remington Arms Declares Bankruptcy

#188
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?

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…

Hard to go wrong with a classic like the 870 though... only a few good options at that price point that are easy to find.

Re: Remington Arms Declares Bankruptcy

#189

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.

[deleted]

Re: Remington Arms Declares Bankruptcy

#190

Earlier quoted context omitted.

>It's definitely framed by where you live. It's not nearly that sensible and straighforward. Drive south of DC to the point where subdivisions give way to farms and you can shoot all day without being bothered. Drive the same distance outside of Boston or NYC and you've got the same low population density but if you shoot anything in your back yard you'll get a visit from the SWAT team. This kind of stuff really shou…

> Drive the same distance outside of Boston or NYC The North American headquarters for Sig Sauer is only an hour from Boston. Do you live in New England? It's not a big deal at all. Not just in NH, but in MA too.

>The North American headquarters for Sig Sauer is only an hour from Boston

NH is a different state and much more friendly to shooting. Also having a corporate HQ doesn't really mean much.

>It's not a big deal at all. Not just in NH, but in MA too.

There's probably a couple pockets in MA further east but for the most part you need to get to the Western edge of Worcester county (which is definitely more than an hour from Boston) before you can be pretty assured none of your neighbors will call the cops. Even then it's kind of iffy because of the laws. You really don't want to have the cops called on you even if you're just target shooting (unlike in NH where getting the cops called wouldn't be a big deal).

>Do you live in New England?

The crappy half. But I've lived all over the east coast.

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