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Default Gunmaker Remington says it will file for bankruptcy

On Thu, 15 Feb 2018 08:08:41 -0800 (PST), Tim
wrote:

http://money.cnn.com/2018/02/12/news...ans/index.html

Restructuring over slump in gun sales which they may not pull out of. Won’t be the first time a large firearm company slid into the abyss...


This is really pretty much the fault of colossal mismanagement by the
guy who almost ran Home Depot into the ground although they are still
smarting from the M-700 debacle.
They planned on Hillary winning and the subsequent panic buy of guns.
They did not have a plan of how to get along without it is also part
of the problem.
Gun manufacturers are looking at a saturated market so they better
diversify or consolidate. We might see Remington being swallowed up by
Ruger or AOB/S&W.
 
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