Log In
Members
Home
Add Reply
Add Topic
Remington allegedly announcing plans to file bankruptcy. Chapter 11, Reorganization rather than the typically ‘end of life’ disastrous Liquidation Bankruptcy. But too often nowadays, reorganization failing, slipping terminally into the latter!
Check out Bloomberg’s take:
https://www.bloombergquint.com/business/2018/02/12/cerberus-s-remington-will-cede-control-to-lenders-in-bankruptcy
Here…
Just a sad take
November 7, 2015
Offline
I’m encouraged by the possibility that the new owners may be interested in making quality firearms.
Mike
Vintage Winchesters & Remingtons are, and have always been dear to my heart! 
D. T.
November 7, 2015
Offline
Quite honestly I’ve never much cared for Remingtons even though my first rifle was/is a Remington. OTOH I don’t want to see what’s arguably the oldest name in the business disappear from the landscape.
This is just my opinion, but I hate to see things like this happen to our AMERICAN firearms companies. I was very troubled, when Winchester went overseas, because, to put it plainly, it just isn’t the same. I do not own any old Remington single shot rifles at this time, but I do have several old model 700rd’s and think very highly of them. Flawless to the core and accurate at VERY long range. Sad news, indeed.
I am with you fellows on this… I own several older Remington firearms, and I do not want to see any of our original American firearms companies fail and go out of business (e.g. Colt, Ithaca, Savage/Stevens, Sturm Ruger, S&W, Remington/Marlin, etc.). However, the unfortunate fact is that all of them are going to financially fail within the next 20-years if out current political and educational systems continue down the same path that they have degenerated to in the past 30 years. With the liberals dominating our education institutions, and their concerted efforts in the political arena, it is a foregone conclusion that firearms manufacturing businesses in the United States will completely die within the next generation. The only way to stave off the inevitable, is for each one of us to become actively involved in the education of our future generations, and to intensely fight against the anti 2nd amendment mindset. It is all too easy to sit on the sidelines and hope that someone else fights our battles for us, but by doing that, you have already given up the fight.
I am not apologetic for my thoughts above, and if it offends any of you, don’t bother responding to me with your complaints.
Bert
WACA Historian & Board of Director Member #6571L
TXGunNut said
Quite honestly I’ve never much cared for Remingtons even though my first rifle was/is a Remington. OTOH I don’t want to see what’s arguably the oldest name in the business disappear from the landscape.
My sentiments precisely and I also agree with Bert’s assessment, though I would add this: the real problem in Remington’s case is our government’s policy of allowing conglomerates and venture capitalists to acquire smaller companies, whether through voluntary acquisitions or by hostile takeovers. What this causes is the rape of the small company’s assets, the elimination of jobs and the eventual destruction of the acquiree. In Remington’s case the entire problem seems to be “Cerberus Capital Management, acquired Remington in 2007 and subsequently saddled it with almost $1 billion in debt”, which is the way venture capitalists pay for the acquisitions they have made without really putting any of their own $$$$ into them. This is entirely a different scenario from the downfall of Winchester, which was caused by their own labor force. Had Cerberus not forced Remington into debt, they most likely would be in a healthy financial position today.
We need another Teddy Roosevelt!
"This is the West, sir. When the legend becomes fact, print the legend."
Bert, you’ve managed to strike a nerve. Totally agree without any reservations, the current liberal and PC culture will be our undoing unless we remain active in demonstrating its flaws whether it be about guns, climate, cultural appropriation, acceptance, or our own beliefs–just to scratch the surface. The sad thing is that it doesnt take more than a generation or two for the indoctrination process to take hold and individuals acceptance of a new cultural norm. Its a stacked deck, with legislators bastardizing and misinterpreting the language of our founding documents, the media, schools or other places of higher learning complicit with these sentiments, shovel feeding the public at large, a majority of which currently exist in their own little microcosms called “social media”, with these loads of crap. Its pathetic. Your right, without proper education and taking a stand to fight the good fight, we will not be successful in maintaining or perpetuating our beliefs, or for that matter, our unalienable Rights.
1892takedown @sbcglobal.net ......NRA Endowment Life Member.....WACA Member
"God is great.....beer is good.....and people are crazy"... Billy Currington
Remington seemed to be going gangbusters a few years ago, clearly the management at Cerberus have dropped the ball. As the old saying goes “a fish rots from the head down”.
Regards
AlanD
Sydney
Wincatcher, You are right on about what has happened with Remington. You do need another “Trust Buster” president like T.R. to stop these small company with good payrolls and profit margins being subjected to hostile takeovers by venture capitalists who milk the assets of these good companies and then declare it bankrupt leaving employees without pensions or benefits and leaving another abandoned factory behind. It happens here in Canada also.
1 Guest(s)
