Didn't see that one coming, but then again I only have 1 Colt and it was made in 1957.
With all the gun sales in the last six years how could they possibly be hurting?
Samuel is undoubtedly rolling over in his grave.
I don't think they are going out of business, I think they are "reorganizing"
They lost the bid on US Govt M4s to FN.
Really is sad, but Colt has been out of touch for over a decade. Most of the real Colt factory guys jumped ship in the 90s when the suits took over the company.
My dad named me after Samuel Colt, so they will always be my favorite brand. I have a small collection of Colt firearms.