texashuntingforum.com logo
Main Menu
Advertisement
Affiliates
Advertisement
Newest Members
Alan M, Jroddff, smtlucky13, 240swc, DestinNTX
64503 Registered Users
Top Posters(All Time)
dogcatcher 90,536
stxranchman 53,921
bill oxner 50,435
RKHarm24 44,577
rifleman 44,415
BMD 41,009
SnakeWrangler 40,379
Big Orn 37,484
txshntr 35,381
Facebook
Forum Statistics
Forums45
Topics419,753
Posts6,099,094
Members64,503
Most Online16,728
Mar 25th, 2012
Print Thread
Remington Seeks Financial Help with Bankruptcy #7073679
02/11/18 12:25 AM
02/11/18 12:25 AM
Joined: Aug 2012
Posts: 8,983
Dallas
G
General Guts Offline OP
THF Trophy Hunter
General Guts  Offline OP
THF Trophy Hunter
G

Joined: Aug 2012
Posts: 8,983
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.


I apologize if my posts upset you.
Re: Remington Seeks Financial Help with Bankruptcy [Re: General Guts] #7073741
02/11/18 01:16 AM
02/11/18 01:16 AM
Joined: Aug 2012
Posts: 4,043
Watauga, TX
T
Tff caribou Offline
Extreme Tracker
Tff caribou  Offline
Extreme Tracker
T

Joined: Aug 2012
Posts: 4,043
Watauga, TX


The very atmosphere of firearms anywhere and everywhere restrains evil interference. -George Washington
Re: Remington Seeks Financial Help with Bankruptcy [Re: General Guts] #7073786
02/11/18 01:49 AM
02/11/18 01:49 AM
Joined: Oct 2012
Posts: 19,158
Winters
S
Sneaky Offline
The "Grouch"
Sneaky  Offline
The "Grouch"
S

Joined: Oct 2012
Posts: 19,158
Winters
I hate to say this, but maybe itís best that they just die.


Re: Remington Seeks Financial Help with Bankruptcy [Re: General Guts] #7073810
02/11/18 02:09 AM
02/11/18 02:09 AM
Joined: Jan 2017
Posts: 217
DFW
S
snarkscarbine Offline
Woodsman
snarkscarbine  Offline
Woodsman
S

Joined: Jan 2017
Posts: 217
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.

Re: Remington Seeks Financial Help with Bankruptcy [Re: General Guts] #7073985
02/11/18 04:52 AM
02/11/18 04:52 AM
Joined: Oct 2009
Posts: 367
B
BIGDOG1956 Offline
Bird Dog
BIGDOG1956  Offline
Bird Dog
B

Joined: Oct 2009
Posts: 367
Look at all of Remington recalls that's they are going bankrupt no quality.

Re: Remington Seeks Financial Help with Bankruptcy [Re: General Guts] #7074094
02/11/18 12:09 PM
02/11/18 12:09 PM
Joined: Nov 2011
Posts: 2,596
Royse City, TX
P
patriot07 Offline
Veteran Tracker
patriot07  Offline
Veteran Tracker
P

Joined: Nov 2011
Posts: 2,596
Royse City, TX
You reap what you sow.

Re: Remington Seeks Financial Help with Bankruptcy [Re: snarkscarbine] #7074180
02/11/18 01:54 PM
02/11/18 01:54 PM
Joined: Jun 2015
Posts: 1,404
TX
S
scottfromdallas Offline
Pro Tracker
scottfromdallas  Offline
Pro Tracker
S

Joined: Jun 2015
Posts: 1,404
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.

Last edited by scottfromdallas; 02/11/18 01:59 PM.

Scott
Re: Remington Seeks Financial Help with Bankruptcy [Re: General Guts] #7074354
02/11/18 04:11 PM
02/11/18 04:11 PM
Joined: Jun 2011
Posts: 14,840
Frisco, Texas
B
Buzzsaw Online content
THF Celebrity
Buzzsaw  Online Content
THF Celebrity
B

Joined: Jun 2011
Posts: 14,840
Frisco, Texas
chalk up another for the anti gun groups.


"I ain't here for a long time, I'm here for a good time"
King George Strait


Re: Remington Seeks Financial Help with Bankruptcy [Re: Buzzsaw] #7074365
02/11/18 04:23 PM
02/11/18 04:23 PM
Joined: Oct 2012
Posts: 19,158
Winters
S
Sneaky Offline
The "Grouch"
Sneaky  Offline
The "Grouch"
S

Joined: Oct 2012
Posts: 19,158
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.


Re: Remington Seeks Financial Help with Bankruptcy [Re: Buzzsaw] #7074366
02/11/18 04:24 PM
02/11/18 04:24 PM
Joined: Dec 2008
Posts: 26,845
Wolfe City, TX
F
FiremanJG Online content
THF Celebrity
FiremanJG  Online Content
THF Celebrity
F

Joined: Dec 2008
Posts: 26,845
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.



800 Yard Steel Range
Precision Rifle Instruction
Memberships and Classes Available
Re: Remington Seeks Financial Help with Bankruptcy [Re: General Guts] #7074746
02/11/18 10:14 PM
02/11/18 10:14 PM
Joined: Apr 2009
Posts: 1,989
Deer Park , TX
C
crash700 Offline
Pro Tracker
crash700  Offline
Pro Tracker
C

Joined: Apr 2009
Posts: 1,989
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.


Si Vis Pacem Parabellum
Re: Remington Seeks Financial Help with Bankruptcy [Re: General Guts] #7074808
02/11/18 11:04 PM
02/11/18 11:04 PM
Joined: Nov 2010
Posts: 27,157
Killeen/Ft Hood, TX
S
SapperTitan Online content
Taking Requests
SapperTitan  Online Content
Taking Requests
S

Joined: Nov 2010
Posts: 27,157
Killeen/Ft Hood, TX
Corelokts roflmao


Originally Posted by bill oxner
I plowed mules.
Originally Posted by Roll-Tide
I did build a cabin. Aka the brokeback shack.

[Linked Image]
Re: Remington Seeks Financial Help with Bankruptcy [Re: General Guts] #7074834
02/11/18 11:19 PM
02/11/18 11:19 PM
Joined: Nov 2005
Posts: 31,916
Hickory Creek, Fannin Co. Texa...
sig226fan (Rguns.com) Offline
duck & cover
sig226fan (Rguns.com)  Offline
duck & cover

Joined: Nov 2005
Posts: 31,916
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

Re: Remington Seeks Financial Help with Bankruptcy [Re: General Guts] #7074835
02/11/18 11:20 PM
02/11/18 11:20 PM
Joined: Nov 2007
Posts: 8,229
Wise Co.
R
RiverRider Online sleepy
THF Trophy Hunter
RiverRider  Online Sleepy
THF Trophy Hunter
R

Joined: Nov 2007
Posts: 8,229
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.


[Linked Image]

"Arguing with you always makes me thirsty."

-Augustus McRae
Re: Remington Seeks Financial Help with Bankruptcy [Re: General Guts] #7074839
02/11/18 11:23 PM
02/11/18 11:23 PM
Joined: Nov 2007
Posts: 8,229
Wise Co.
R
RiverRider Online sleepy
THF Trophy Hunter
RiverRider  Online Sleepy
THF Trophy Hunter
R

Joined: Nov 2007
Posts: 8,229
Wise Co.


[Linked Image]

"Arguing with you always makes me thirsty."

-Augustus McRae
Re: Remington Seeks Financial Help with Bankruptcy [Re: General Guts] #7074890
02/12/18 12:05 AM
02/12/18 12:05 AM
Joined: Mar 2017
Posts: 1,112
Aledo
JLP83 Offline
Pro Tracker
JLP83  Offline
Pro Tracker

Joined: Mar 2017
Posts: 1,112
Aledo
I don't feel sorry for them but it would be a sad day in American history for Remington to go away. Hope someone can get them back on track.

Re: Remington Seeks Financial Help with Bankruptcy [Re: SapperTitan] #7074899
02/12/18 12:12 AM
02/12/18 12:12 AM
Joined: Aug 2012
Posts: 2,658
Greenville, TX
I
ImTheReasonDovesMourn Online content
Snarky Mark
ImTheReasonDovesMourn  Online Content
Snarky Mark
I

Joined: Aug 2012
Posts: 2,658
Greenville, TX
Originally Posted By: SapperTitan
Corelokts roflmao


clap roflmao


[Linked Image]
Originally Posted by KRoyal
Haha yea I polished that thing for hours.
Re: Remington Seeks Financial Help with Bankruptcy [Re: RiverRider] #7074930
02/12/18 12:39 AM
02/12/18 12:39 AM
Joined: Oct 2012
Posts: 19,158
Winters
S
Sneaky Offline
The "Grouch"
Sneaky  Offline
The "Grouch"
S

Joined: Oct 2012
Posts: 19,158
Winters
Originally Posted By: RiverRider
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.


Surely. I certainly hope so. A well built 700 action is a desirable thing.


Re: Remington Seeks Financial Help with Bankruptcy [Re: sig226fan (Rguns.com)] #7076863
02/13/18 05:18 PM
02/13/18 05:18 PM
Joined: Aug 2010
Posts: 40
Plano
D
dallasdawg Offline
Light Foot
dallasdawg  Offline
Light Foot
D

Joined: Aug 2010
Posts: 40
Plano
Originally Posted By: sig226fan (Rguns.com)
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


I agree completely with your assessment. Since being sold by Dupont way back, every owner since then has not shown any interest in actual investment into the company. Instead, they have cut and cut and cut until Remington is just a shell now. I think the quality problems are part self inflicted but mostly the fault of ownership. They have cut corners to generate cash and destroyed quality and moral along the way. Cerebus Capital is your typical LLC. Buy a company, strip it down to bare minimum, don't invest, and suck cash out of it until the company implodes......then sell it off in pieces.

Previous Thread
Index
Next Thread


© 2004-2019 OUTDOOR SITES NETWORK all rights reserved USA and Worldwide
UBB.threads™ 7.6.2