Remington filing BK

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  • tallguy606

    Well-Known Member
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    Dec 30, 2010
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    Houma LA
    Remington Arms is searching for financing to allow the firm to file for bankruptcy protection. Remington has been trying to restructure its $950 million debt load ahead of a $550 million term loan maturing next year.


    Remington’s sales for the first nine months of last year were down 27% and the company posted an operating loss of $28 million during that period.
     

    RaleighReloader

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    Jan 30, 2015
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    Remington and Colt both seem to have lost their direction. Smith and Wesson and Ruger have done a much better job of focusing on specific markets and excelling in those spaces. I hope their leadership can help dig them out of these holes ... I’d hate to see these companies go under.
     

    Blue Diamond

    sportsman
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    Apr 12, 2014
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    Metairie, La.
    Remington and Colt both seem to have lost their direction. Smith and Wesson and Ruger have done a much better job of focusing on specific markets and excelling in those spaces. I hope their leadership can help dig them out of these holes ... I’d hate to see these companies go under.

    You evidently don't deal with the stock market. S&W and Ruger are WAY down. S&W is down almost 300% in the past year and Ruger isn't doing much better.
     

    RaleighReloader

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    Jan 30, 2015
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    You evidently don't deal with the stock market. S&W and Ruger are WAY down. S&W is down almost 300% in the past year and Ruger isn't doing much better.

    I hold both AOBC and RGR in my stock portfolio, and I think they're better medium-term investments than Remington and Colt. In the next election the prices will bounce back up when people get scared of more Democrats getting elected, regardless of what actually happens.

    How these stocks play in the long term is anyone's guess, but I've got plenty of diversity in my portfolio and I like to offend liberals by telling them that I own stock in gun companies.

    Mike
     

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