Remington going bankrupt again
- Thread starter mbogo3
- Start date
the spank
CGN Ultra frequent flyer
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If they do it won't be called another tribes name....
Come on. Sure, lots of things have lost their lives around Remington rifles. A bunch of them are hanging on my walls.[/QUOTE
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Cerberus Capital Management
https://en.wikipedia.org/wiki/Cerberus_Capital_Management
" Firearms—Acquired Bushmaster Firearms International, from Windham, Maine native #### Dyke for an undisclosed sum in April 2006, and purchased Remington Arms in April 2007. Under Cerberus direction, Bushmaster Firearms acquired Cobb Manufacturing, a manufacturer of large-caliber tactical rifles in August 2007. Cerberus also acquired DPMS Panther Arms December 14, 2007.[77][78] Remington Arms acquired Marlin Firearms in January 2008.[79][80] In October 2009, Remington Military products acquired silencer manufacturer Advanced Armament Corporation.[81] These companies were combined into the Remington Outdoor Company. Cerberus made plans to sell its share in the Remington Outdoor Company on December 18, 2012, after the Bushmaster AR-15 was used in the Sandy Hook Elementary School shooting.[34] This decision was made due to a threat by the board of the California state teachers' pension plan, which owns a stake in the company, to dispose of stakes it holds in any firearms manufacturer that makes weapons banned by California state law. In March 2014, Cerberus rejected a $1 billion buyout offer for Remington Outdoor Company.[82] And thereafter was unable to find a satisfactory buyer.[83] Cerberus continued to have ownership in Remington Outdoor Company, and CalSTRS announced its divestment from Cerberus' gun holdings in June 2015.[84] In March 2018, Freedom Group, now known as Remington Outdoor Company sought chapter 11 bankruptcy protection.[83][85] "
https://en.wikipedia.org/wiki/Cerberus_Capital_Management
" Firearms—Acquired Bushmaster Firearms International, from Windham, Maine native #### Dyke for an undisclosed sum in April 2006, and purchased Remington Arms in April 2007. Under Cerberus direction, Bushmaster Firearms acquired Cobb Manufacturing, a manufacturer of large-caliber tactical rifles in August 2007. Cerberus also acquired DPMS Panther Arms December 14, 2007.[77][78] Remington Arms acquired Marlin Firearms in January 2008.[79][80] In October 2009, Remington Military products acquired silencer manufacturer Advanced Armament Corporation.[81] These companies were combined into the Remington Outdoor Company. Cerberus made plans to sell its share in the Remington Outdoor Company on December 18, 2012, after the Bushmaster AR-15 was used in the Sandy Hook Elementary School shooting.[34] This decision was made due to a threat by the board of the California state teachers' pension plan, which owns a stake in the company, to dispose of stakes it holds in any firearms manufacturer that makes weapons banned by California state law. In March 2014, Cerberus rejected a $1 billion buyout offer for Remington Outdoor Company.[82] And thereafter was unable to find a satisfactory buyer.[83] Cerberus continued to have ownership in Remington Outdoor Company, and CalSTRS announced its divestment from Cerberus' gun holdings in June 2015.[84] In March 2018, Freedom Group, now known as Remington Outdoor Company sought chapter 11 bankruptcy protection.[83][85] "
Cameron SS
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You need to take a lesson on free market economics. Buying solvent companies, loading them up with debt, extracting capital and then severing off the debt laden company to declare bankruptcy has nothing to do with the free market. IN a truly free market, there would be no such thing as bankruptcy, and companies that exist which do not create wealth don't get to exist. The tax structures and solvency laws that make such corporate piracy possible are the hall marks of centrally planned socialism. Likewise so is the virtue signalling advocacy of pension plans which enjoy a market making ability far in excess of their legitimate share of the economy.
In a truly free market, there wouldn't even be such thing as a corporation. Or a stock market.
I believe they are selling well, and are probably my favourite of the low-cost options on the market. However, they are also fairly low margin as a result. Low margin products keep the lights on, they don't help you hit your quarterly growth target. Once the sales bonuses stop flowing, they pump-and-dump the company (pump full of debt and dump into bankruptcy).
I stand corrected. Learn something every day
How many times has Remington filed for bankruptcy protection in it's history?
Maybe the heyday of sporting arms is just plain over. Less & less hunters and more used guns floating around makes it hard to sell new sporting guns. Market saturation.
After the war, everyone hunted and wanted a new rifle that wasn't a surplus rifle. Not so much now
After the war, everyone hunted and wanted a new rifle that wasn't a surplus rifle. Not so much now
- Location
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The global system of trade is purely run by corporate swine that only want fast profit & care ZERO for the general population, that theybe heavily engaged in poisoning through climate manipulation, water, food supply & medical systems to gradually knock down the numbers and
thereby increase max profits through fear & despiration. We are in serious trouble in these fooked up days. The Bilderberg creeps that OWN the
global governments must be removed.
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I like many of your points. I can even go along with the idea that some of the taxation and corporate laws started out on a socialist ideology. But today's laws and taxes have more input from the corporations themselves than from any social ideology. Lobbyist is a 4 letter word. I rely on the SNC Lavolin example as a company way too influential in today's politics. Yes get rid of the stock market.
Cameron SS
CGN Ultra frequent flyer
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Corporations are neither capitalist nor socialist. A group of people working together for mutual benefit is the basis of all human interaction.
THe problem is a system of LAWS, which allow humans to do things under a corporate structure that they would never be permitted to do on their own. Corporations exist to shield individuals from liability for what would otherwise be illegal. A system which shields people from wrong doing at the expense of everyone, can not lay claim to being capitalism. Not is it inherently socialist.
Capitalism is simply a system of privatized risk taking which earns privatized profits. Socialism would comparably be a system of socialized risk taking which earns socialized profits. Neither system on its own is evil, and either could work. The trouble is where government gets involved and perverts both ideologies to displace the risk and profits.
IN most countries claiming to be capitalist, you have corporatism, where through corporate structures you have individual, corporate and governmental risk taking, and if successful the profits go to the risk takers, but if unsuccessful the losses go to the taxpayers. In most countries practicing some version of communism, what they have is the same kind of risk taking, but the profits go to the party while the losses to go the workers.
The only real difference between 'communism' as practiced in the later half of the Soviet union and the current 'capitalism' currently practice in America is the mechanism by which people access government power and risk transfer mechanisms.
In the west we have lobbying, which at face value isn't the problem. The problem is politicians who let themselves be influenced by lobbyists. Under communism, they had party membership and overt bribery.
Objectively, the problem isn't whether you want to focus on individual rights or groups rights. The problem is when the government uses a monopoly on violence to deprive people of the fruits of their labour.
The whole capitalism vs communism debate is a distraction to keep people focused on anything from the true source of oppression misery and death, and that is government.
