Remington Seeks Financing To File For Bankruptcy

[The Kurgan]

May they disappear from the map for good. Low quality crap is not going to sustain any business. Thank God the older stuff is excellent, as are most of the 870 pump guns.

 

[woodlotowner]

So...if one was looking to purchase a new centre fire Remington bolt gun today, which rifle would meet one's high expectations for accuracy, trigger, stock and fit/finish? Does such a gun exist?

 

[Magellann]

Hudson's Bay got bought out by some Yankee about 10 years or so ago. I've stopped thinking about it as a Canadian store anymore.

I believe that its back in Canadian hands the past couple years.

 

[silverfoxdj]

Ruger can make a rife that cost under $400 USD can can shoot out to a mile.

Remington can't build a R700 for under a grand that does the same.

Im no Ruger fan either, but the writing was on the wall.

^^^ I think they are the weak link of the U.S. manufacturers

 

[Magellann]

I'd hate to see them go away forever, I hope that someone comes along and saves them.

 

[silverfoxdj]

Still waiting for my $90.00 Black Friday Ammo rebate check. Hopefully it makes it.

With there current problems you may have a long wait to see it

 

[silverfoxdj]

Remington be the Dodge of firearms..............

LOL quite the comparison

 

[Magellann]

If they restructure, and price themselves accordingly in the marketplace, they may have a chance at a comeback.

 

[silverfoxdj]

I certainly hope so. I'd love to see the company taken over by some real gun people with help from financial advisers, rather than the gun folks being ignored for the sake of the next quarterly profit numbers.
Profits are good, but you can't make money selling inadequate firearms and ruining a storied brand name.
Now if they could fix that horrible trigger pull on my 597..............

I'm not hopeful they can turn it around at all..

 

[Magellann]

This is what happens when a Capitol management company buys a firearms manufacturer. This may end up being the best thing to happen to Remington. A rebirth under new ownership may right the ship.

It may be, but they need investors who are focused on quality rather than profit at the cost of reduced quality.

 

[Magellann]

Its sad to see that a company that once had an excellent reputation and produced many high end firearms was allowed to slip to this level. I think that this is the direct result of shareholders and directors.

 

[silverfoxdj]

I love the new 870.

Nailed it latest engineering

 

[Magellann]

You would think that management would notice the trend as quality slipped over the years and would try to do something about it.

 

[silverfoxdj]

Oh they noticed..

 

[Magellann]

Not soon enough obviously....

 

[captonion]

Remington will be around for a long time!

 

[Rocket Surgery]

Meanwhile, they're able to produce ammo at pennies a cartridge and sell them for over a buck, and you can't keep it on the shelves. Somehow, they even screwed this up, their ammo is overpriced and not the greatest. I barely see anyone using it, everyone goes for the Federal or Winchester, which is cheaper and better.

 

[silverfoxdj]

Meanwhile, they're able to produce ammo at pennies a cartridge and sell them for over a buck, and you can't keep it on the shelves. Somehow, they even screwed this up, their ammo is overpriced and not the greatest. I barely see anyone using it, everyone goes for the Federal or Winchester, which is cheaper and better.

If you can't even manufacturer solid ammo well guess how much effort they are putting into firearms..

 

[Magellann]

Remington will be around for a long time!

I hope so.

 

[silverfoxdj]

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