Page 1 of 1

Bankruptcy effects?

PostPosted: Fri Feb 09, 2018 3:42 pm
by 5 iron
Any news on how the bankruptcy filing will affect production?

Re: Bankruptcy effects?

PostPosted: Sun Feb 11, 2018 12:45 pm
by mardetcv66
What difference does it make? Their reputation for a quality product is in the toilet along with their Customer Service! Cerebus and Freedom Group did them in, now they are circling the drain and the end is near! You can't fool all of the people all of the time! A crap product for good money just won't fly all that long! They can join Colt in the "we didn't care about our customers" grave yard!!!

Re: Bankruptcy effects?

PostPosted: Mon Feb 12, 2018 2:17 pm
by mauser9
News I heard a few days back is not good. Something concerning financial support to file for bankruptcy! Sure have had issues lately concerning everything. First Winchester and Marlin now Remington. A damn shame to say the least. Hope some miracle happens but who knows?

Re: Bankruptcy effects?

PostPosted: Tue Feb 13, 2018 11:13 am
by mauser9
Just read this morning Remington filed Chapter 11. Damn shame it all came to this but not surprised after all the issues over the last 10 years. Hope they can turn things around somehow.

Re: Bankruptcy effects?

PostPosted: Sun Feb 25, 2018 10:17 pm
by John A.
I agree that Cerberus has milked the cow dry. And ran debt up through the ceiling.

I honestly don't understand how a company, especially that owns as many different products as Remington, could be bankrupt after how the market has been the last decade.

Without being mismanaged anyway.

I suspect that the company will be able to sell out to someone else. And I hope that things will improve for them at that point.

But I think for them to be really competitive again, they need to really up their game with the quality of stuff they're putting out there, and shed any previous debts that the company name has incurred in the past. Until they get out from under that, it's going to be too crushing for them to continue if they don't.

And start innovating products again. Too many companies are just relying on 50 year old designs and stopped actually making anything new.

CZUSA is seemingly just about the only company that is currently putting out new products that their customers are asking for.

The scorpion line of guns is a good example of that. They're even going to be offering factory suppressed sbr's this year.

3 or 4 different variants of the pistols and not even mentioning the carbine.

Re: Bankruptcy effects?

PostPosted: Mon Feb 26, 2018 5:17 pm
by Scorpion8
Very true. Remington has been "into and out of" so many varied lines like the Zastava 798's and Russian shotguns as sidelines but never wholly committing to anything. All of their current lineup are classics, but that's part of the issue: what's new? Since they bought Marlin, the Marlin product lineup has been decreasing, not even holding steady. Remington needs some new designs, the 10/22's and even Marlin 60's outsell the 597's by the truckloads. I'm surprised they still make the 552/572 with it's required craftsmanship, seeing how Marlin dropped the 39A except for "custom shop" sales of re-worked new-old-stock.

Why not some take-downs?

Why not a Remington over-under shotgun?

Bring back the 700 Classic in vintage calibers. Or a new take on that project. It may be simple, but they SOLD every single rifle they made in each special caliber!

Re: Bankruptcy effects?

PostPosted: Mon Feb 26, 2018 7:12 pm
by mauser9
I for one would like to see the return of the "Special Field" models of the 870 and 1100. Quality made guns of the 80s.

Re: Bankruptcy effects?

PostPosted: Mon Feb 26, 2018 7:41 pm
by MikeD
mauser9 wrote:I for one would like to see the return of the "Special Field" models of the 870 and 1100. Quality made guns of the 80s.



Yes!

I wish I had picked one up when I bought my 870 Express

Re: Bankruptcy effects?

PostPosted: Tue Feb 27, 2018 12:02 am
by Scorpion8
Remington has some "competition" models, but I don't think they even sell the 870 Trap anymore. How about some "real" competition models? I mean if TriStar can make a quality trap/skeet lineup in the TT-15's, why not Remington?

Re: Bankruptcy effects?

PostPosted: Tue Feb 27, 2018 8:19 am
by John A.
I have one of the Tristar imported field models from Turkey.

In fairness, it is a really nice gun. Granted that I don't shoot it nearly as much as a lot of people, I like it.

Re: Bankruptcy effects?

PostPosted: Tue Feb 27, 2018 2:31 pm
by GregTRSC
Explains why I was able to get an RP9 with 2 10 round and 2 18 round mags for $269.


Sent from my iPhone using Tapatalk

Re: Bankruptcy effects?

PostPosted: Sun Jul 08, 2018 3:53 pm
by remingtontoter
Well, at least their through their bankruptcy now.

Re: Bankruptcy effects?

PostPosted: Sun Jul 08, 2018 10:55 pm
by mauser9
Haven't read any recent news myself. Would love to see Remington riding the crest of the wave but so many curves the last years. Love the "older stuff" but models like the 710-770 were huge mistakes and tough to swallow. Lets just have real quality back.

Re: Bankruptcy effects?

PostPosted: Mon Jul 09, 2018 11:58 am
by Scorpion8
mauser9 wrote:Lets just have real quality back.


That is the main issue that the accountants cannot put a price on. You can make all the made-to-price-point guns you want, but if they are garbage, then you won't sell 'em. There's a reason that the old Remington rimfires are such classics - because you'll never get that craftsmanship anywhere today. Making a new Marlin 39A would be spendy, although Chiappa seems to have done it. But if you make it and make it well, it will sell.

Re: Bankruptcy effects?

PostPosted: Mon Jul 09, 2018 2:46 pm
by mauser9
Hit the nail on the head scorpion8. Lets all hope

Re: Bankruptcy effects?

PostPosted: Wed Jul 11, 2018 6:57 pm
by mauser9
Heard they were out of bankruptcy. Creditors like JP Morgan willing to accept shares in company. Debt was $775 million. Let's hope for a big turn around with better heads running the company.

Re: Bankruptcy effects?

PostPosted: Thu Jul 12, 2018 4:22 pm
by Scorpion8
mauser9 wrote:.... with better heads running the company.


If they're not gun people, they'll just be businessmen and accountants. I think Windham Weaponry may be doing better post-Bushmaster than Bushmaster is doing under Remington. Ya gotta be a gun-person.

Re: Bankruptcy effects?

PostPosted: Mon Aug 27, 2018 4:12 pm
by 5 iron
mauser9 wrote:Heard they were out of bankruptcy. Creditors like JP Morgan willing to accept shares in company. Debt was $775 million. Let's hope for a big turn around with better heads running the company.


That’s good news. I’m not sure how the company can eliminate that much debt but I hope they have a plan.