I don't pretend to know how all of this stuff works but I don't think Remington owns anything, including Remington. All of those companies are part of the Freedom Group which is owned by Cerberus Holdings.

This is what happens when company is run for the sole purpose of making money. Private Equity which is what Cerberus is focuses only on making money for them selves. They bring on a lot of debt to enrich themselves then attempt to manage the costs (lower quality to save a dollar). If it does not work out OH well they got paid and the bond holders get the screws turned on them. Examples TXU, iHeartradio.

I imagine Remington name will live on but there will be pain. All the names under Cerberus will be damaged IMO.

I hate that an American company with so much history is going to fold. But people speak with their wallet, and when you build a [censored] product, you will pay the price.

Look at how well a Finnish company is doing in the United States. People are speaking with their wallet, because it is a better product.

I really wish I knew someone on the board of directors at Savage. I would like to have a conversation with him.

I hope they produce some 30 Remington AR brass before they go

About 20 yrs ago I had issues with an 870 express not ejecting spent hulls. Gun was brand new. They had me take it to an authorized Remington Smith to get it looked at. As soon as I started to tell him about it, he grabbed a dremel and went to work. Took him maybe a minute to have it running like it should. He said he see’s them coming in all the time for that exact same issue and the QC at Remington had really dropped. Sad.

A very good reason to buy firearms made in the USA by longstanding firearm manufacturers. Many of them still exist and several are still family owned.

My next purchase will likely be another Ruger.

Dan,

Ruger is a publicly traded company now.

Montana Rifle Company is another to look at. It is a smaller family owned operation turning out high quality pre’-‘64 M70’s with some good safety improvements. They are quite accurate too.

I would be willing to bet that the plant is “unionized”.... which is playing its part to strangle the name as well.

Remington's recent reliance on foreign made guns named Remington has killed them. I knew they were in trouble when they dropped the 7400/750 autoloaders 2 years ago.

I quail hunt a lot and dove hunt considerably. Own lot's of shotguns as I have fell for everything that has come around for the last 40 years but I shoot a Remington 1100 better than any of them and it is reliable and don't kick a bit. I just can't find anything that beats a 1100 for killing birds. That's what I use when it's time to kill birds and not tote fancy guns. If they go broke so be it but for my money the best two shotguns ever made were made by Remington. Be a while before anybody catches up with 870's and 1100's in sales.

Not to go way off topic but Publicly Traded and Private Equity are worlds apart. PE is all about themselves Public Companies work for share holders.

Turning out poor quality products across their entire line will be their demise.

Point is Ruger is not a family owned business, but it is in fact publicly traded.

http://www.ruger.com/corporate/SEC-Financial.html

Has Remington been in the same basic hands for a long time?

Or is it like Winchester, S&W and almost every other gun manufacturer - basically just a name that’s been bought and sold several times where quality depends on who owns it at the time?

Statement from 10K at the end of 2016.

http://www.guns.com/wp-content/uploads/2017/04/Remington-10K-2016.pdf

Remington Outdoor Company is a holding company currently controlled by R2 Holdings, LLC (“R2H”), an affiliate of Cerberus Capital Management (“CCM”)
(R2H and CCM together, “Cerberus”). Our predecessor company, Bushmaster Firearms International, LLC, was created in 2006 by CCM for the purpose of acquiring the business of Bushmaster Firearms, Inc., which subsequently merged with Remington Arms Company, Inc. on December 12, 2007, creating Freedom Group, Inc., which was subsequently renamed Remington Outdoor Company.

Here is a link to the most recent financials:

https://www.remingtonoutdoorcompany.com/sites/default/files/ROC%20Q3%202017%2010-Q.pdf

If you were in charge of the Remington brand, what would you do to turn things around?

Find a way for the employees to buy it back. It worked well for Harley Davidson.

Went to crap when they merged into Freedom Group, Inc. Old Remingtons were great, new Remingtons are mediocre at best. Has nothing to do with the political climate other than the management has no idea how to adapt to the changes, on top of a product with horrible quality issues.