Earlier quoted context omitted.
I think FN has a lot of the US military contracts now, so it that might help explain why
But FN is a Belgian gun manufacturer, how does this relate to CZG from the Czech Republic?
Czech gunmaker CZG buys Colt in cash and stock deal
51–60 of 344 posts
Re: Czech gunmaker CZG buys Colt in cash and stock deal
#52Earlier quoted context omitted.
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…
The Dickey amendment got clarified in 2018, and the first earmarks for research were for FY2020 - so, I'd say we wait with those proclamations a few more years.
Re: Czech gunmaker CZG buys Colt in cash and stock deal
#53Doesn'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.
> Most of the weapons used by the Mukti Bahini were taken from defeated soldiers. Then, there were homemade bombs, knives and even instances of the use of bows and arrows.
> Walking along the gallery of the Liberation War Museum in Dhaka where a number of weapons, including rifles and machineguns used in the Liberation War of 1971, had been put on display, Shahzaman Mozumder Bir Protik, a guerrilla freedom fighter, reminisced saying “They had to earn their weapons.”
Re: Czech gunmaker CZG buys Colt in cash and stock deal
#54Earlier quoted context omitted.
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.
But still, that means several of those highly-valued SV companies could afford to buy most gunmakers in existence...
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 & NSA (why else did the NSA try to wiretap them?). The microchip revolution put enormous capabilities in the hands of those organizations that know how to code effectively, such that Silicon Valley startups can often do things that were the sole province of national governments for decades.
Re: Czech gunmaker CZG buys Colt in cash and stock deal
#55Earlier quoted context omitted.
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?
Do you think the monarchys would have happily and peacefully turned over their power because of the power of love?
Because someone said please sir?
Re: Czech gunmaker CZG buys Colt in cash and stock deal
#56Earlier quoted context omitted.
I think FN has a lot of the US military contracts now, so it that might help explain why
But FN is a Belgian gun manufacturer, how does this relate to CZG from the Czech Republic?
Re: Czech gunmaker CZG buys Colt in cash and stock deal
#57Earlier quoted context omitted.
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…
Like with tobacco, big studies have been suppressed. Guns are far from a well-ventilated issue, they're just well-entrenched. The Dickey amendment got clarified in 2018, and the first earmarks for research were for FY2020 - so, I'd say we wait with those proclamations a few more years.
Re: Czech gunmaker CZG buys Colt in cash and stock deal
#58Doesn'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".
Furthermore: rising up against a tyrant/despot is only possible if the population is very united; but a tyrant/despot, with enough economic power (or oppression of others) can make sure a population is ideologically or otherwise fractured/disunited and cause infighting.
This will actually make benefits of being well armed a liability as now you have a tyrant/despot and also can't walk safely in your neighboorhood.
Re: Czech gunmaker CZG buys Colt in cash and stock deal
#59Earlier quoted context omitted.
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.
But still, that means several of those highly-valued SV companies could afford to buy most gunmakers in existence...
Re: Czech gunmaker CZG buys Colt in cash and stock deal
#60Doesn'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.
You have no idea how capitalist markets work apparently. If the DEA decided to buy up all the street drugs and burn them it would create a million new drug dealers overnight as the prices would spike. Less guns is not the solution. The solution is to round up all the humans and cut their thumbs off so they can’t use tools to kill each other.