Smith & Wesson: Breaking up's not hard to do? - Gun Hub
Gun Hub

Go Back   Gun Hub > Gun Hub Forum > Gun Talk

Reply
 
LinkBack Thread Tools Display Modes
Old 11-14-2019, 02:46 PM   #1
Senior Member
 
Join Date: Mar 2005
Location: New Jersey
Posts: 2,185
Smith & Wesson: Breaking up's not hard to do?

It looks like Smith and Wesson is being "Spun off."

I would watch very carefully to see if S&W was being loaded with the Parent Company's Debt. That was the move Daimler pulled with Chrysler when they bought Chrysler, took the Chrysler commercial van designs, then loaded all the debt from the one big company on the Chrysler before spinning it back off. In 2008, the results of that showed when Chrysler had to ask the U.S. Government for a bailout. (Mr. Lee Iacocca must not have been pleased to hear about that. He built Chrysler into a heck of a company before he left in the early 1990s.)

The second worrisome detail is people not wanting to deal with banking issues from being in the firearm business. There is a heavy smell of New York City and State financial thuggery in the air with that.

https://www.ft.com/content/2a51b7c4-...a-d9e2401fa7ca

<https://www.ft.com/content/2a51b7c4-065c-11ea-9afa-d9e2401fa7ca>

https://finance.yahoo.com/news/ameri...183540726.html

<https://finance.yahoo.com/news/american-outdoor-brands-investors-react-183540726.html>

https://www.bizjournals.com/boston/n...ts-in-two.html

<https://www.bizjournals.com/boston/news/2019/11/13/smith-wesson-parent-company-splits-in-two.html>
DavidE is offline  
Old 11-14-2019, 05:19 PM   #2
Senior Member
 
csmkersh's Avatar
 
Join Date: Aug 2003
Location: San Antonio, Texas
Posts: 10,730
Here we go again.

Smith & Wesson had been previously owned by Bangor Punta and Tomkins LLC before being acquired by Saf-T-Hammer Corporation in 2001. Smith & Wesson has been a unit of American Outdoor Brands Corporation since 2016.
csmkersh is offline  
Old 11-14-2019, 05:26 PM   #3
Moderator
 
Snake45's Avatar
 
Join Date: Aug 2004
Location: "Close, but no donut!"
Posts: 13,113
Quote:
Originally Posted by csmkersh View Post
Here we go again.

Smith & Wesson had been previously owned by Bangor Punta and Tomkins LLC before being acquired by Saf-T-Hammer Corporation in 2001. Smith & Wesson has been a unit of American Outdoor Brands Corporation since 2016.
The vast majority of my S&Ws are Bangor Puntas. I think only three are post-1987. Maybe two. And two are pre-1965.
Snake45 is offline  
 
Old 11-14-2019, 06:43 PM   #4
Senior Member
 
Join Date: Jan 2008
Location: San Antonio, TX
Posts: 499
To All,

IF S&W "management" was SMART (frankly, I question their "brains".), they would move lock, stock & barrel to ARKANSAS, LOUISIANA, OKLAHOMA or TEXAS.

yours, sw
Doughboy is offline  
Old 11-15-2019, 04:24 AM   #5
Senior Member
 
WaltGraham's Avatar
 
Join Date: Aug 2003
Location: Shenandoah Valley
Posts: 3,896
And some of these folks are looking at what just happened to Remington...
WaltGraham is offline  
Old 11-17-2019, 10:41 AM   #6
Senior Member
 
spwenger's Avatar
 
Join Date: Mar 2006
Location: Show Low AZ
Posts: 1,099
A Friend...

Quote:
Originally Posted by Doughboy View Post
To All,

IF S&W "management" was SMART (frankly, I question their "brains".), they would move lock, stock & barrel to ARKANSAS, LOUISIANA, OKLAHOMA or TEXAS.

yours, sw
...who used to be employed by S&W told me more than once that S&W's problem is that the company is run by people who play a mean game of golf but aren't shooters.
spwenger is offline  
Old 11-17-2019, 01:13 PM   #7
Senior Member
 
Join Date: Jan 2008
Location: San Antonio, TX
Posts: 499
spwenger,

SOUNDS about 100% CORRECT to me. = When Philadelphia-Reading Corp bought out Lone Star Steel Company, the "new management" had the SAME problem & DESTROYED the MOST profitable private company in NE Texas in just about 2 years by making DUMB-bunny decisions.

ALL that is left of LSS is Specialty Tubing Division that makes VERY specialized (READ: expensive) metal tubing/small diameter pipe for the "oil patch" & frame parts for two VERY HIGH-END Italian carmakers.

yours, sw
Doughboy is offline  
Old 11-22-2019, 01:55 PM   #8
Senior Member
 
Join Date: Jul 2016
Location: Northern NV
Posts: 771
Just an observation on the timing. They announced this the day before SCOTUS refused to hear the Remington case. S&W is in the same appellate district. So something tells me S&W will be for sale VERY soon. ANY gun company in that district is unlikely to survive the new legal challenges. I expect Remington will shut their doors in 3-4 years.
GunGeek is offline  
Old 11-22-2019, 03:47 PM   #9
Senior Member
 
TommyGunn's Avatar
 
Join Date: Oct 2004
Location: Morgan County, Alabama "In Dixie Land I'll take my stand."
Posts: 8,467
Quote:
Originally Posted by GunGeek View Post
Just an observation on the timing. They announced this the day before SCOTUS refused to hear the Remington case. S&W is in the same appellate district. So something tells me S&W will be for sale VERY soon. ANY gun company in that district is unlikely to survive the new legal challenges. I expect Remington will shut their doors in 3-4 years.


Ouch! I sincerely hope not! They just moved to Huntsville Alabama -- a 30 minute drive from me. I know their future seems rocky .... but I hope they make it.
TommyGunn is online now  
Old 11-22-2019, 10:21 PM   #10
Senior Member
 
Join Date: Sep 2004
Location: AZ
Posts: 1,181
This is terrible news. They have tried hard and succeeded in developing a very good line of firearms. Gad I wish I could win a huge Powerball and I would buy the company.
threefeathers is offline  
Old 12-15-2019, 04:37 PM   #11
Senior Member
 
Join Date: Mar 2005
Location: New Jersey
Posts: 2,185
Quote:
Originally Posted by GunGeek View Post
Just an observation on the timing. They announced this the day before SCOTUS refused to hear the Remington case. S&W is in the same appellate district. So something tells me S&W will be for sale VERY soon. ANY gun company in that district is unlikely to survive the new legal challenges. I expect Remington will shut their doors in 3-4 years.
Sadly, I see a big point there in the Remington references. If Remington makes it, they may decide to move. If that happens, the politicos will be chasing some serious industry away from their area.

This may also have something to do with Colt's recent announcement that they will no longer be building AR-15s for civilian sales. (There may also be an argument that the other makers are flooding the market.)
DavidE is offline  
Old 12-16-2019, 12:14 PM   #12
Senior Member
 
Join Date: Jul 2016
Location: Northern NV
Posts: 771
Quote:
Originally Posted by DavidE View Post
Sadly, I see a big point there in the Remington references. If Remington makes it, they may decide to move. If that happens, the politicos will be chasing some serious industry away from their area.

This may also have something to do with Colt's recent announcement that they will no longer be building AR-15s for civilian sales. (There may also be an argument that the other makers are flooding the market.)
Maybe...
Colt's announcement that they were suspending AR15 manufacture came the same week they got a big government order for M4's, so that announcement could just be related to their manufacturing capacity and giving priority to their military orders (I'm hoping). But it certainly could be due to the Appellate decision.
GunGeek is offline  
Reply

  Gun Hub > Gun Hub Forum > Gun Talk

Tags
business, smith, split, wesson

Thread Tools
Display Modes





Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Copyright © 2002 - 2020 Gun Hub. All rights reserved.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.