Looks like Remington is officially toast... - Gun Hub
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Old 07-28-2020, 11:03 AM   #1
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Looks like Remington is officially toast...

Just filed for bankruptcy. If you're losing money in a seller's market for your product like this, it's probably time to blackball your execs from eer working in the industry again...

https://bearingarms.com/tom-k/2020/0...es-bankruptcy/

We've long traded musings about anti-gun hedge funds buying gun companies to deliberately tank them, and this looks to somewhat support that.
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Old 07-28-2020, 01:12 PM   #2
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Wait..

Who is "Remington" now?? They are a spin-off from Cerberus Capital who purchased DPMS, Remington, Bushmaster, Marlin and Para-Ordnance. Cerberus was forced to spin off "Freedom Arms Group" to appease all the liberal weenies that were going to pull funds from Cerberus after Sandy Hook.

After buying Bushmaster, they pulled out of Windham Maine, after purchasing Para, they moved them out of Canada. After purchasing Marlin they moved them out of their factory.. (are you seeing a pattern here?). When you are a venture capital firm, you are looking to maximize profits and many times they make some stupid moves. Remington today is NOT the Remington of old!
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Old 07-28-2020, 01:24 PM   #3
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True, Classic Remmy is dead, it's just a Lefty hedge-fund management team wearing the brand like a flayed skin.

Don't forget Stormlake Barrels... 20 years ago when Bobbi still ran the show they did top-notch stuff including custom work, now it's limited to a few catalog barrels only.
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Old 07-28-2020, 06:43 PM   #4
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I believe that Gov. Cuomo shut them down during the Pandemic. Not sure if they were ever allowed to reopen.

Shutting them down cut off from one of the biggest selling markets I can remember.
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