Chaper 7 of the bankruptcy code is a liquidation, Chaper 11 is a reorganization. (Agreeing with Dan)I think it's a good thing. Chapter11 isn't the end of the world. Maybe someone who actually gives a damn about the company will buy it now.
Chaper 7 of the bankruptcy code is a liquidation, Chaper 11 is a reorganization. (Agreeing with Dan)I think it's a good thing. Chapter11 isn't the end of the world. Maybe someone who actually gives a damn about the company will buy it now.
By screwing investors of course.I just don't know how they will ever make their way out from under the debt mountain, even after a reorganization.
Well, as an AMERICAN and past & present Remington owner, I hope they come back, bigger and better. Other than an AK-47, I own NO foreign made guns. People on the handgun forum crow and brag about their foreign made handguns, some made by companies started by NAZIS after the war. I don't care how good they supposedly are, they are not made here and there are American handguns that are just as good.
....and IMI.Like HiPoint.
Or a rifle that shoots it’s self.I'm sure all I'll get is some piece of crap handgun in return.
6.5 Creedmoor has suddenly gotten that popular?I truly believe this is a result of them waiting so long to make a rifle in 6.5 Creedmoor.
Nail. Head. Not only specialty or boutique industries but in virtually any type of business. After 40+ years in the HVAC industry "consolidators" started buying up every successful HVAC contractor. The result has been horrible for the industry and for the consumer. When the goal is to squeeze every last cent possible out of a business the result is never pretty. Another gun industry example is Smith and Wesson. After decades of buying their products I'll never buy another. That's just sad.Cerberus grossly over-leveraged 'Marlington' - to the tune of $950 Million! Not only did QC go down the toilet (I think it's composting in the septic tank), Marlington needlessly bought Bushmaster. When a Bushmaster AR was used in Sandy Hook, several key investors pulled their cash, combined with the slow-down in the industry POOF bankrupt.
Basically, the same thing that oftentimes happens when some big 'capital group' buys business in a specialty or boutique industry, they don't hire managers that know the industry (Cerberus reportedly fired the entire Marlin staff) which is followed by the company heading directly towards the drain.
Hopefully somebody with some sense will buy the whole mess, and quality will return!
Eli
6.5 Creedmoor has suddenly gotten that popular?