Is this the beginning of the end or more corporate shenanigans. https://www.reuters.com/article/us-...-to-file-for-bankruptcy-sources-idUSKBN1FT04C
End of Remington
- Thread starter schmi015
- Start date
Indeed... this is what happens when Investment Bankers run companies that manufacture product. Crying Shaking My Head Shame.
lol remington
Just look at anything new they've put out in the last 5-10 years and tell me why this would surprise anyone?
Just look at anything new they've put out in the last 5-10 years and tell me why this would surprise anyone?
Last 25 years...although they did release a nifty new trigger....twice
It will be a chapter 11 reorg......if it gets approved. Which I'm sure it will be.
If Cerberus is involved in anything, the end game is almost always a complete asset sale of whatever they invested in.
https://www.bloomberg.com/news/arti...n-debt-fizzles-as-trump-cools-firearms-fervor
https://www.bloomberg.com/news/arti...n-debt-fizzles-as-trump-cools-firearms-fervor
Right, didn"t any of you ever watch Pretty Woman?
That is how the corporate world works. Buy a company, suck it dry, sale of the scraps that are left.
Look at Sears, the billionaire in charge of that shit show will not loose out. I can't remember how it is exactly all set up but Sears is getting loans from his other companies. Which when Sears finally goes the way of the dodo bird will mean his other companies will be the primary creditor so he will get paid back first. While laying waste to anyother stock holder and all the employees.
25 years ago my wife worked for an amazingly successful company. The owner got scared that it would all come crashing down (could not believe his good fortune). So he sold to a major player for about 25 million. They paid top dollar and wanted their money back fast vs building the brand bigger. With in 10 days quality was shit (snack food, recipe changed on day 1). With in 2 years company was gone all employees left high and dry.
This is what happens when you think a detachable box mag fed pump gun is a good idea...
so what?
Colt has filed for bankruptcy how many times now?
Colt has filed for bankruptcy how many times now?
Most every recent Remington I have handled has been less than impressive. Every company that they have picked up in their giant conglomeration has went to shit too. It's a shame.
I don't pay attention to Remington rifles, at all, so I don't know how shitty the new ones are. I've never owned one, actually. All my bolt actions have been made by Sako, CZ, and Howa.
I've owned several of their shotguns over the years tho and the quality decline is obvious there too. Their new shotgun (V3) is impressive on paper, less than so in hand. I don't have one but one of my friends does and while the gun points and balances very nicely, and it has amazingly low recoil, it always has had niggling little problems that annoy the fuck out of you.
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The one problem I personally witnessed and experienced with his gun was a constantly inconsistent inability to load ammo into the magazine without having to pound them in.
It's fun to watch Remington's internet shills at work
LOVE the highlight in red.......LOLOL
http://www.shotgunworld.com/bbs/viewtopic.php?f=2&t=466828
LOVE the highlight in red.......LOLOL
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Too bad they can't be like Chevy, under the Obama administration, and get a billion dollar bail-out. Too big to fail, my ass!
Maybe so, but I still want a 7600, if for no other reason than nostalgia.
Good riddance! What happens when you revert to making junk!
Uncle Lawrence worked in Ilion ny for Remington Arms retired as a master gunsmith mechanical engineer
who designed and held the patents for the first mechanical checkering machine ever made and used by remington arms he worked on every major gun developed from 1965 to 1997 his last job was curator or the Remington arms museum he achieved National recognition for turning a cluster fuck into a 20th century firearms museum uncle Lawrence "Goodstal" passed away last summer he loved Remington arms the people he worked with his beagles and his world class museum.He would be ashamed of some of the shit they produced in the last 10 years and that's a fact. His friends knew him as Larry .
who designed and held the patents for the first mechanical checkering machine ever made and used by remington arms he worked on every major gun developed from 1965 to 1997 his last job was curator or the Remington arms museum he achieved National recognition for turning a cluster fuck into a 20th century firearms museum uncle Lawrence "Goodstal" passed away last summer he loved Remington arms the people he worked with his beagles and his world class museum.He would be ashamed of some of the shit they produced in the last 10 years and that's a fact. His friends knew him as Larry .
They have been on the downhill for quite a while. It is very unfortunate, but if they aren't going to improve their products, the chapter 11 is moot. I've heard of at least one gunsmith that doesn't even want to work on new Remington actions because they are so bad. By the time it gets fixed, You are into it more than a premium clone action.
If they can't fix that, they might as well close up shop.
If they can't fix that, they might as well close up shop.
I call BS on that. My buddy can take a new 700 action, true face of action and bolt face, chamber Kreiger 1-11 with 308 Bisley reamer. I will bet you I make it shoot 5 shot sub 1/2moa group at 100yds. He does it all the time. Now I have been Rem fanboy 40+ yrs. They aint what they used to be but how many custom builds do you see built on Ruger, Mossburg, winchester actions?? That says a lot
No one disputes that with quite a bit of post factory work they are great guns. But with competitors like Tikka, Ruger, Bergerac making way more high quality production rifles that just shoot and work for a competitive price, Remington is just left in the dust these days. Their QC is shit, and it’s not just the 700, it’s a systemic problem throughout everything they make.
I have a 10 year old Stevens 200 action that has a tighter and smoother bolt than my 200th anniversary edition Remington 700.
Well, one gunsmith's opinion that it takes more time than it is worth to tune up a Remington action doesn't mean that they are completely useless. It's just that, in his opinion, a customer would be served better starting with a clone action and spend the gunsmith hours on other things, and end up charging the customer the same amount for a better product.
I don't think he was talking about Ruger, Mossberg, or Winchester. More like Surgeon, Stiller, or Defiance, though he didn't specifically say those names.
I'm not happy about any firearm company being on the rocks.
