[53rdcard]

Remington, one of America's oldest gun makers, files for bankruptcy - Mar. 25, 2018

Looks like they are restructuring to remove the $700 million in debit they have, they plan to continue to produce guns based on the article

 

[Smokewagon]

Article I read mentioned the over stock of guns in the industry. You'd think we would be seeing some fantastic bargains to ease the glut.

 

[ICUKev]

Article I read mentioned the over stock of guns in the industry. You'd think we would be seeing some fantastic bargains to ease the glut.

Right but none that i've seen yet?

 

[Fishinkeylargo]

I'm guessing when the selling was good for so many years the bonuses to executives continued to rise and rise. Part of that want it now short term thinking. Now that things have leveled off they are feeling the pain. For the life of me I can not figure out why so many companies that have been around for so long have so much debt. Maybe instead of paying bigger bonuses they should have paid down their debt. Companies living off future sales is like a person living pay check to pay check. At some point it just does not work.

 

[pegasus]

I don't own any Remington guns but am concerned about QC now for Remington ammo products. What will happen to their ammo line?

 

[ELW00D]

I have never owned a Remington firearm. I have bought and shot several boxes of 30-30 and 12 gauge ammo. But my favorite product from Remington is their dog collars.

 

[Desperado]

Sad to see them go into bankruptcy.
Between the rifle trigger problem, the Sandy Hook suit, and their latest pistol fiasco, it just may be the end of the road for Remington. But, I hope I may be wrong in that assessment of their future.

 

[Fishinkeylargo]

The name has value and if it gets that bad someone will come in and buy it for pennies on the dollar and continue the brand without such a huge debt load. Now if they keep the debt load down is another story.

 

[daytonaredeye]

I'm guessing when the selling was good for so many years the bonuses to executives continued to rise and rise. Part of that want it now short term thinking. Now that things have leveled off they are feeling the pain. For the life of me I can not figure out why so many companies that have been around for so long have so much debt. Maybe instead of paying bigger bonuses they should have paid down their debt. Companies living off future sales is like a person living pay check to pay check. At some point it just does not work.

Earnings for ALL major gun manufacturers have been down for the last quarter; heck even Ruger’s earnings dropped by double digits. Under the bho administration gun sales spiked after every mass shooting. Under Trump, a pro-gun guy fully backed by the NRA, this hasn’t happened.

I think the gun industry will be fine over the long term but it will take a different management skill set and strategy. Just look at what has happened over the last decade: annual gun sales rising every year over the respective previous years’; background checks and CC permits likewise rising every year over the respective previous years’. There is a thing known as “the law of diminishing returns” basically predicting that you will at some point max out the potential markets, and, thus, profits for a product or concept. Those of you educated in the higher mathematics (advanced algebra, calculus, differential equations, etc) concepts are much more aware of the equations which prove this. I remember covering these in my freshman year of college and that was the first time I had an epiphany - actually seeing a practical use for what I considered a boring school subject.

 

[ozzy]

I have a .270 I bought for 349.99 with a no name chinese 3x9x40 scope at Wallyworld. You would think it was junk. Here's the first set with factory ammo, bugholes. I hope they can recover.

 

[ozzy]

I moved the scope to my 17HMR.

 

[TrucksNCoffee]

Here's to those halcyon days of yesteryear, when the Remington name meant affordable quality and reliability in firearms.

 

[TaurusArmedGuy50]

Article I read mentioned the over stock of guns in the industry. You'd think we would be seeing some fantastic bargains to ease the glut.

In November '17, you could buy a new Remington 380 pistol for $100 after sale and rebate.

 

[Echo40]

I've said it before and I'll say it again, that's what inevitably happens when a company gets taken over by a greedy conglomerate who is more concerned about turning a profit in the short-term rather than maintaining a steady profit. Freedom Group did what greedy conglomerates do best, spend millions on a brand name, then drive the company into bankruptcy by cutting corners everywhere in attempt to make back the money they spent buying out the brand, thus diminishing the quality of the product to the point that folks become leary of purchasing products by that brand.

I swear, companies these days need to hold mandatory vision tests before hiring marketing executives, because there's clearly a serious issue among those employed within the sales/marketing department being visually impared by huge dollar signs forming in their eyes, thus preventing them from being able to see their sales figures clearly and causing them to make decisions which are financially/economically unsound.

It's a shame too, seeing as Remington was one of the few firearms manufacturers who was actually trying to release some new/interesting firearms rather than just playing it safe by putting out nothing but striker-fired polymer wonder 9s.
I actually almost bought an R51 twice, but both the Gen 1 and Gen 2 models were terribly unreliable, difficult to field strip/reassemble, and horribly inconsistent in terms of quality.

 

[olfarhors]

well I guess buying out Para USA and Bushmaster didn't work out to well for them?
along with a double handful of smaller specialty manufactures.
I just can't think of any new product that they have introduced in some time now, I am sure they have but none come to mind.
A lot of opps and such.
OHH look Remington makes a 1911 now, really like that's earth shattering.

 

[Jake3501]

I've said this before and here it goes again. All of the Gun Manufactures in Yankee land (aka Connecticut) did well with Union Labor until about the late 60's. Prior to that, all imports were European, as Asian stuff, if even allowed to be manufactured in post WWII Asia, was still pretty much junk. Connecticut could compete with European Wages, particularly Belgium, Switzerland and Germany.

In 1972-73, I began seeing some really great shotguns coming out of Japan, and imported by some great American Companies, like S & W and Ithaca, beautiful woods, bluing, styling, engraving, alloy receivers and even barrels and they worked great, I still own two I bought new back when, or at least I should say my sons own them.

Connecticut labor could not compete with Asian Labor, even after Japanese labor came to parity, as then there was still a lot of Asia with lower wages, the Philippines comes to mind! Turkey turns out fairly good quality firearm at a very reasonable price, and yes, I realize Turkey isn't Asian.

Colt has barely kept it's head above water after losing the M-16 contract it had held since Viet Nam, after quitting the most successful Snake revolver campaign ever. Is anyone in the audience who wouldn't want to own a Diamond Back?

Companies that moved to friendlier wage wise, South of the Mason Dixon line to right to work states have done fine. Can you imagine the regulations cost in Conn. compared to Kentucky or Arizona.

Some locales like New Haven, or Detroit are never happy until they kill the Golden Goose!

 

[olfarhors]

I am thinking that once we get most of the car manufactures, Gun makers and food companies located here in the South that maybe we can revisit that Civil War thing and see how that goes.