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Remington planning on bankruptcy
Story here. It's a form of bankruptcy that lets the company stay intact and keep its assets, holding the creditors off until it can stabilize things.
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They should Start Making the Remington 11-87 SPS Again and then I will Invest. :)
Looks like the Navaho are likely to buy it. I hope they can solve the qc and design problems which are the source of Remington's problems
They should move the production facilities onto the rez. Put the rifles in AZ and the shotguns in NM. This would give them economic clout (we'll move) as well as legal (sort-of-sovereign nation) clout when dealing with the states.
As an amusing side note,when I went to the movies as a kid,a negative plot point was... selling guns to the indians.
So, in the midst of the biggest wave of panic buying in over a decade, where they'd have zero trouble selling any practical defensive firearm that they can make....
Remington manages to be so mismanaged that it has to declare bankruptcy.
Wall street really needs to stay the hell away from gun companies: They don't get the business, and all they end up doing is destroying historic companies.