Must be pretty bad to go under while gun sales are at an all time high.

"Firearms manufacturer Remington Arms Co. is preparing to file for chapter 11 protection for the second time since 2018 and is in advanced talks for potential bankruptcy sale to the Navajo Nation...."

https://www.msn.com/en-us/money/com...-seeks-sale-to-navajo-nation/ar-BB160Dmj

That's what happens when profits become your only focus. Adios Remington. Going to be hard to revive that name after all the hell they have been through for nearly the last 2 decades.

MSN, need to see if it's true, they are not a reliable news source.

Yep maybe. Have three Remingtons and I hope the Model 7 and 700 remain in production.

Liability defense probably

Navajo Nation. Interesting.

The article attributed the recent rush in gun purchases to the "pandemic". Yeah, right. Pay no attention to the burning buildings folks.

The MSN page was forwarding a Wall Street Journal article which is also sourced from Reuters. I could not post the Wall Street Journal one as it requires a subscription. I had already fact checked it. It's real.

Brett Farve’s fault

Liability and lawsuits involving the Navajo Nation would be interesting to say the least.

Probably why they are even in consideration really!

Once the Indians own it will the Feds be able to regulate them? Taxes?

The Navajo have always fascinated me. Only tribe that "we" didn't make move. And, as far as I know, hasn't allowed casinos yet on the big rez. I sold one piece of equipment to them up in the "checkerboard" of NW New Mexico years ago. I got along great with the guys.

Indian nations have sovereign immunity. I think the only way to sue them is with their permission or congressional approval, which is rarely given.

They'd definitely provide some political cover for an old name in firearms that I'd hate to see disappear. But, in the end, that's capitalism. A business managed poorly shouldn't survive.

Hedge funds generally do not make good stewards of most businesses they acquire. Going after the quick buck rather than the long term appreciation. The brand usually winds up a casualty.

Yelp, as much as I dislike Res Ideologies it actually a really smart business move.

If they move all MFG to the res it will pretty much send a middle finger to the anti gun lobby

Let's call it what it is, poor management.

I would like to see the survival of a few of their products, but it would require relocation and a new management team.

after their quality went to crap, could care less

The biggest shareholders forced the sale and bankruptcy of Remington to turn a big profit fast, and left them holding the debt. I am not 100% certain but I would not be suprized if it had something to do with Paul Singer, who basically did it to Cabela's.

Remington have been digging in deep and doing everything they can to remain in business ever since. And whether they are primarily profit driven, or not, as far as I know there is not another gun maker that is as involved in conservation efforts, who also is creating American jobs and offering American made rifles.

And the guns are really not poor quality as some have said. Stop comparing the 783, ADL, or SPS to Tikka. It's not apples to apples.

Instead, pick up a CDL and look it over, work the action, see what you get for $800-$900. Nice walnut, nice steel sights, etc.

I am not a fan boy by any means, I have owned altogether in my lifetime maybe two Remington rifles, and have bought and sold dozens of others over the years.

I think we may be selling them short. I hope that they can strike a deal with the Navajo and that Remington and the Navajo will prosper.

Could be a very positive thing if it comes about. Not having to worry so much about civil liability is a monumental plus. I've owned 1100's since I bought one as a kid in 1967. Just bought a .410 1100. I hope they are hugely successful and they make it happen.

How do you claim bankruptcy, twice, much less in 2 years, in one of the greatest economic times in history?

Simple the backdoor to the safe was unlocked

700, you might get misaligned scope base holes, no threads in them, damn sure not a square action face, and it may or may not shoot well, after you address the screw holes. Oh, and they haven't been able to make a trigger worth a damn for over 20 years. You paid $800 for maybe a P.O.S., or maybe a nice rifle. It depends on what day it was built, and who was in charge of Q.C.

This is the hole they have dug, they can lie in it.

i have owned lots of remingtons never had a problem