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File 151848912884.jpg - (32.16KB , 554x743 , remindton_methtown.jpg )
106993 No. 106993 ID: 166d45
Blames Obama for not being elected to 3rd term.

https://www.bloomberg.com/news/articles/2018-02-12/cerberus-s-remington-will-cede-control-to-lenders-in-bankruptcy
>But on Monday Remington Outdoor Co., which traces its history back to 1816, said it would file for bankruptcy protection, succumbing to a slump in business worsened by, of all things, a president who has steadfastly supported Americans’ right to bear arms.

>The bankruptcy is a blow to the private-equity mogul Stephen Feinberg, who has been a prominent supporter of President Donald Trump. Feinberg’s firm, Cerberus Capital Management, acquired Remington in 2007 and subsequently saddled it with almost $1 billion in debt. The Chapter 11 bankruptcy filing will let Remington stay in business while it works out a plan to turn around the company and pay its creditors.

>While the Remington name is unlikely to disappear, the company’s travails highlight the shifting fortunes of the firearms industry and its fraught position in the nation’s economic and political life. The company’s fortunes took a hit after the election of Donald Trump, a self-proclaimed “true friend” of the gun industry, because Hillary Clinton’s defeat erased fears among gun enthusiasts about losing access to weapons. Sales plummeted, and retailers stopped re-ordering as they found themselves stuffed with unsold inventory.
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>> No. 106995 ID: e0deaf
I'd find it rather funny if the FN-H holding bought Marlin off them. They probably won't, but I'd like it.

I think (and hope) Marlin & Barnes are about the only two Remington Outdoors companies that have a bright future.
All the rest can fucking die as far as I'm concerned.
>> No. 107003 ID: 085bdb
the last time there was nobody in national office to promote scare buying the republicans were smart enough to provide some loosening of the regulation to give people fun new things to buy. nra gives them enough money and support, thats for sure. they don't have something as convenient as the awb expiration lurking around the corner this time around unfortunately.
>> No. 107009 ID: 3e843b
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107009
I kinda like some Remie when they aren't total pieces of shit so this is a little sad especially if the brand dies completely.

But its their own damn fault, same with Colt (though for different reasons, Colt didn't take advantage of the panic buying while Remington invested too heavily in it to my understanding). They knew that Obama gravy train wouldn't last forever and didn't take steps to take the hit without falling to the pavement wheezing and upchucking their lunch.

I kinda wonder if Remington and other companies ramped up production further in anticipation of a Hillary win.

The same problems facing many gun companies with slow sales and still angry customers burned from the panic buying price gouging seems to be what graphic card sellers and manufacturers are dealing with right now with the buttcoin crypto currency craze, graphics card prices going through the roof, inventory being sold faster then it can be replaced, and sites like Newegg price gouging the fuck out of people. Some like Nvidia are trying to mitigate the damage while others are diving headlong into the boom seeming to not care there will eventually be a bust.

For me personally I was kinda wanting to buy one of those Remington Phaser looking pistols but noped the fuck out when I heard about the problems the gun had. Just spent the money on something else, some slightly deformed looking .22 revolver and a 360 I still have yet to play.
>> No. 107012 ID: 9568c0
>>107003
i'd suggest that a government subsidy for citizen weapons purchases, but republicoons don't like welfare (or poor ppl getting guns) so i came up with this more clever idea of like a gunz 401k, i think that could be sold to capitalist republicaniggers because it would allow them to use their power to funnel cash to their wall street backers as dictated by the natural order of capitalism. so if you had job you could preselect a percentage of it which you could only spend on guns and there would be no income tax collected on that portion. to the GOP it would look like a tax cut, they'd be all for it. plus only ppl with jobs would benefit another plus.
of course it never happen because the nra's thinks it's task it to collect as much megabux as possible and then give out infinite free rim jobs and get nothing out of it. worst lobbyists ever
>> No. 107015 ID: 70f2ff
Better buy that R1 I was considering a couple years ago.
>> No. 107028 ID: 09c7e0
OK, that didn't last very long

panic buy fucking everything


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