General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsOK, before we start celebrating Remington declaring bankruptcy...
https://www.theguardian.com/us-news/2018/feb/13/remington-bankruptcy-guns-trump-slump-salesI need someone to explain this to me. How does a company go from an 8 year "golden era of sales under Barack Obama" to bankruptcy in less than two years, and have accumulated almost a billion dollars in DEBT? What kind of bonuses were they handing out? How much did they donate to rethugs?
Calling Robert Mueller...
Me.
(35,454 posts)TheCowsCameHome
(40,163 posts)Is that enough?
msongs
(67,199 posts)TheCowsCameHome
(40,163 posts)The didn't seem to work, so I stopped ordering them.
oberliner
(58,724 posts)They exited bankruptcy in May.
dameatball
(7,380 posts)Guns have a long shelf life and are expensive. Most (normal) people reach a point where further purchases make no sense.
I may be wrong because I haven't researched it, but I am guessing that gun sales increased every time a Democrat was in office because of the "they wanna take my guns away" crowd. At least in the past several decades.
RockRaven
(14,784 posts)which have been the most popular hunting rifles in the US for decades. They've done a series of not-really-recall recalls without actually solving the problem. Many people have died and there are many lawsuits about the matter, including a class action suit whose settlement involves replacing the trigger on every single one of these rifles they've ever sold (ruinously expensive if every gun owner actually did it).
I do wonder if they didn't managed their company in such a way to engineer an inevitable bankruptcy as one way to get out from under this enormous liability going forward.
https://en.wikipedia.org/wiki/Remington_Model_700#Misfiring
bucolic_frolic
(42,676 posts)Their minds were manipulated under Obama into believing he was going to take their guns.
Their childish emotions were used to spike gun sales and profits for those companies.
Adrahil
(13,340 posts)Some right wing nuts I am distantly related to took on a bunch of debt to buy guns under Obama and in anticipation of a Clinton Presidency. They are overleveraged and atent buying because they do jot fear gun restrictions under Trump. Remington is not the only company in trouble.
Turbineguy
(37,212 posts)started working with PE outfit like Bain Capital?