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Did Cheytac go out of business?

Re: Did Cheytac go out of business?

I heard they had to refinance some debt....who knows how much debt....
 
Re: Did Cheytac go out of business?

The last thing I heard on the issue was that they had gone bankrupt.
 
Re: Did Cheytac go out of business?

If you want a 408 rifle, EDM still makes them. From what I heard they changed to a new distributor for end user sales

EDM arms 408 page
 
Re: Did Cheytac go out of business?

I can't believe they lasted that long with the prices of there guns. Who really bought any of those things ?
 
Re: Did Cheytac go out of business?

Too bad, I really like their look, but that's about it. If I have the cash, I'd go with the EDM rifles, better price and portability.
 
Re: Did Cheytac go out of business?

@ nut job...agreed...10k for weapons system??? no thanks!

rather go McMillian 338 at almost half the cost
 
Re: Did Cheytac go out of business?

While I liked the design they needed to drop the price a few K to make it an option. If the Canadian dollar was back to being weak vs the US Dollar then maybe I could see them keeping the CAD price high, but until 70 cents USD gets you $1 CAD the price is way high.

I think the fact that they had one featured in the movie Sniper could also lead them to think that they could put a hollywood price tag on it.

While I hate to see less options on the market, maybe this will lead others to not make the same pricing mistake.
 
Re: Did Cheytac go out of business?

Sucks for them. Custom has always been more cost effective and yields a better rifle IMHO.