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#7073679 - 02/10/18 06:25 PM Remington Seeks Financial Help with Bankruptcy
General Guts Online   content
THF Trophy Hunter

Registered: 08/05/12
Posts: 7443
Loc: Dallas
With slumping gun and ammunition sales, Remington, like many other firearm companies is running into financial trouble. The company missed the payment on a coupon for their debt and is now trying to find enough funding to allow them to file for bankruptcy protection and a way to remain in business.
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#7073741 - 02/10/18 07:16 PM Re: Remington Seeks Financial Help with Bankruptcy [Re: General Guts]
Tff caribou Online   content
Extreme Tracker

Registered: 08/27/12
Posts: 3790
Loc: Watauga, TX
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#7073786 - 02/10/18 07:49 PM Re: Remington Seeks Financial Help with Bankruptcy [Re: General Guts]
Sneaky Offline
The "Grouch"

Registered: 10/22/12
Posts: 18373
Loc: Winters
I hate to say this, but maybe itís best that they just die.
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#7073810 - 02/10/18 08:09 PM Re: Remington Seeks Financial Help with Bankruptcy [Re: General Guts]
snarkscarbine Offline
Woodsman

Registered: 01/01/17
Posts: 183
Loc: DFW
But then who would create over-hyped expensive garbage rifles that go off spontaneously? I mean Savage is giving it a good stab, but their trigger is too safe to properly fill big Rís shoes.

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#7073985 - 02/10/18 10:52 PM Re: Remington Seeks Financial Help with Bankruptcy [Re: General Guts]
BIGDOG1956 Online   content
Bird Dog

Registered: 10/26/09
Posts: 342
Look at all of Remington recalls that's they are going bankrupt no quality.

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#7074094 - 02/11/18 06:09 AM Re: Remington Seeks Financial Help with Bankruptcy [Re: General Guts]
patriot07 Online   content
Veteran Tracker

Registered: 11/06/11
Posts: 2138
Loc: Royse City, TX
You reap what you sow.

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#7074180 - 02/11/18 07:54 AM Re: Remington Seeks Financial Help with Bankruptcy [Re: snarkscarbine]
scottfromdallas Offline
Tracker

Registered: 06/23/15
Posts: 714
Loc: TX
Originally Posted By: snarkscarbine
But then who would create over-hyped expensive garbage rifles that go off spontaneously? I mean Savage is giving it a good stab, but their trigger is too safe to properly fill big Rís shoes.


Savages are literally none of those things. They get thrashed all the time on forums, mostly for being ugly. Hardly anyone builds a custom Savage. I have 3 stock rifles and they are all moderately priced and shoot great but impress none of my friends. Savage is probably the last rifle you buy as a status symbol.


Edited by scottfromdallas (02/11/18 07:59 AM)
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#7074354 - 02/11/18 10:11 AM Re: Remington Seeks Financial Help with Bankruptcy [Re: General Guts]
Buzzsaw Online   content
THF Celebrity

Registered: 06/29/11
Posts: 11551
Loc: Frisco, Texas
chalk up another for the anti gun groups.
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#7074365 - 02/11/18 10:23 AM Re: Remington Seeks Financial Help with Bankruptcy [Re: Buzzsaw]
Sneaky Offline
The "Grouch"

Registered: 10/22/12
Posts: 18373
Loc: Winters
Originally Posted By: Buzzsaw
chalk up another for the anti gun groups.


How so? They didnít do this, and thereís plenty of other companies to pick up the slack.
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#7074366 - 02/11/18 10:24 AM Re: Remington Seeks Financial Help with Bankruptcy [Re: Buzzsaw]
FiremanJG Offline
THF Celebrity

Registered: 12/16/08
Posts: 23316
Loc: Wolfe City, TX
Originally Posted By: Buzzsaw
chalk up another for the anti gun groups.


How?

There is no shortage of firearm manufacturers that are producing good products.

Remington put themselves in this mess, and good ole American Capitalism is working perfectly. Build a crap product, and you'll go under.
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#7074746 - 02/11/18 04:14 PM Re: Remington Seeks Financial Help with Bankruptcy [Re: General Guts]
crash700 Offline


Registered: 04/10/09
Posts: 1894
Loc: Deer Park , TX
I agree with FiremanJG, BigDog56 and a few others posts. Remington is putting out crap and asking for premium prices. Their days of producing quality has passed and they are circling the drain. I can't say that I'm surprised nor do I actually care at this point. You should not try and screw the consumer.
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#7074808 - 02/11/18 05:04 PM Re: Remington Seeks Financial Help with Bankruptcy [Re: General Guts]
SapperTitan Online   content
Taking Requests

Registered: 11/17/10
Posts: 23932
Loc: Killeen/Ft Hood, TX
Corelokts roflmao
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#7074834 - 02/11/18 05:19 PM Re: Remington Seeks Financial Help with Bankruptcy [Re: General Guts]
sig226fan (Rguns.com) Offline
duck & cover

Registered: 11/21/05
Posts: 31511
Loc: Hickory Creek, Fannin Co. Texa...
I think this is a scam. The owners have raped all the money out of Remington since acquiring it; it cant be sold with this debt. They are doing this to off load the debt and sell off the company. They also separated DPMS/Bushmaster/NEW/H&R from the corporate group before doing this.

Remington will go out, shed the debt, be sold to a holding company, then sold again to a gun manufacturer, and return in full force.... corporate shell game to defraud the debt holders

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#7074835 - 02/11/18 05:20 PM Re: Remington Seeks Financial Help with Bankruptcy [Re: General Guts]
RiverRider Offline
THF Trophy Hunter

Registered: 11/11/07
Posts: 7667
Loc: Wise Co.
I think someone, somewhere will pick up the 700 design and produce it---just like what happened with the Model 70. Who knows, maybe they'll make the changes everyone would like to see and build in a facility where QA has some horsepower.
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#7074839 - 02/11/18 05:23 PM Re: Remington Seeks Financial Help with Bankruptcy [Re: General Guts]
RiverRider Offline
THF Trophy Hunter

Registered: 11/11/07
Posts: 7667
Loc: Wise Co.
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Originally Posted By: Ronald Reagan
It's not that liberals are not smart, it's just that so much of what they know isn't so.

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