Live data from Hacker News

Czech gunmaker CZG buys Colt in cash and stock deal

reuters.com

41–50 of 344 posts

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

#41
post #25

Earlier quoted context omitted.

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

The dream of every gun nut is to imagine they live in a world where they gotta pack that go bag and ammo and head down to the Capitol to stop the steal.

Her name was Ashli Babbitt, and she wasn't killed by a citizen with a gun, but rather a government employee with a gun.

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

#42

Earlier quoted context omitted.

Apple could just have bought the music industry when they launched iTunes. The value, and in some cases the profit, of tech companies are weird outliers in the business world.

I'm now trying to picture what an Apple handgun would look like

https://blog.emojipedia.org/apple-and-the-gun-emoji/

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

#43
post #16

Earlier quoted context omitted.

“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.

Don’t 3D printed guns have a not insignificant chance of blowing the user up? Seems like a big commitment to using one.

No, actually, they don't. Typically the barrels are machined using electricity and the pressure-sensitive parts are hardened steel. Many firearms are made out of plastic anyway (Glocks, to name one you might be familiar with).

It's not hard to build a reliable firearm with fairly little skill. In the United States, it's not even illegal to do so.

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

#44

Earlier quoted context omitted.

Apple could just have bought the music industry when they launched iTunes. The value, and in some cases the profit, of tech companies are weird outliers in the business world.

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.

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

#45
post #25

Earlier quoted context omitted.

The dream of every gun nut is to imagine they live in a world where they gotta pack that go bag and ammo and head down to the Capitol to stop the steal.

It's the second amendment for a reason. Modern America is a historical anomaly. And as inequality grows here in America and we slowly but surely descend back to what has been the default state of humanity for thousands of years...with a few rich and powerful with their neck on the rest of society who is poor...we'll be glad the average citizen has guns to fight back at some point. There's a saying: History repeats it…

Is there any country in history that prevented its downfall because its civilians are armed to the teeth?

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

#46
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 argue it's still a little high, most of these companies are on the wane. Guns in the US are near saturation from a market perspective and regulatory changes will eventually kick the floor out. Time to cash out... It's like when Phillip Morris bought Kraft and General Foods in the 80s to spin them off later when tobacco regulation came.

Monthly gun sales have about tripled since 2000, and we had a lot of guns even back then: https://www.google.com/search?q=gun+sales+per+year&client=sa...

As to regulatory changes: support for a handgun ban is the lowest its been since Gallup started tracking the statistic in 1959: https://news.gallup.com/poll/150341/record-low-favor-handgun.... It's just 26% today, versus 60% in 1959.

Unlike with tobacco, there's no big scientific study or educational campaign that's going to drop. Guns are a well-ventilated issue.

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

#47
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 argue it's still a little high, most of these companies are on the wane. Guns in the US are near saturation from a market perspective and regulatory changes will eventually kick the floor out. Time to cash out... It's like when Phillip Morris bought Kraft and General Foods in the 80s to spin them off later when tobacco regulation came.

Guns in the US are near saturation from a market perspective

The statistics show record gun sales. More and more Americans are becoming firearms owners for the first time, and existing owners are expanding their collections.

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

#48
post #26

Earlier quoted context omitted.

But still, that means several of those highly-valued SV companies could afford to buy most gunmakers in existence...

Apple could just have bought the music industry when they launched iTunes. The value, and in some cases the profit, of tech companies are weird outliers in the business world.

Wait, really? I had to look that up. From their share price chart, get AAPL as being ~0.33/share then vs ~133 now and market cap $2.2T, which backs out to ~$5-6 billion in mid-2001.

I can't easily find the valuation of Sony BMG or EMI at the time.

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

#49
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 think FN has a lot of the US military contracts now, so it that might help explain why

How does FN enter here? I thought they're owned by the Belgian government?

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

#50

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.

It's funny that you think it would somehow come out to less guns in the world, when in reality it would just mean that the rest of the companies which still exist would take up the slack.
Post reply on HN