xtian999 Posted March 26, 2018 Share Posted March 26, 2018 Just read the news that Remington has filed for chapter 11. Link to comment Share on other sites More sharing options...
f2benny Posted March 26, 2018 Share Posted March 26, 2018 from the Remington I've seen I'm surprised it took so long. Sent from my SM-G930V using Tapatalk Link to comment Share on other sites More sharing options...
RAP Posted March 26, 2018 Share Posted March 26, 2018 This is not a surprise to me at all. Remington spent a lot of money on big capital expenditures. And like many company's in the firearms industries they did not plan on a Trump win. My company supplies metals to the firearms industry and not one of them thought Trump would win and ramped up production in anticipation of Hillary winning. Not having a plan to manage cash flow for a downturn in sales is a recipe for disaster. Sent from my iPhone using Tapatalk Link to comment Share on other sites More sharing options...
rowdyb Posted March 26, 2018 Share Posted March 26, 2018 debt restructuring Link to comment Share on other sites More sharing options...
Hi-Power Jack Posted March 26, 2018 Share Posted March 26, 2018 Large discount sales .... Link to comment Share on other sites More sharing options...
Crazy Scientist Posted March 26, 2018 Share Posted March 26, 2018 Companies come and go. While they have been around a long time, I do not see anything unique they bring that would be missed in the current market. Yes it is debt restructure, but Remington needs to up their game to develop a quality product. I would MAYBE recommend an 870 to someone, but after that, even the 700 series is outmatched by others. I think they have an opportunity with Para re-launch/re-brand but it will require a lot of work AND its a niche market. They need to up their game in the wide market of handguns, shotguns AND rifles--they have 0 competitive products right now (again except for the 870, maybe the versa max, I'm a little jaded on that as mine blew up, full disclosure). I'd look at a Rem 700 rifle on reputation alone and that is fading fast. And for full disclosure, I own no less than 5 Remington firearms. 3 shotguns, 3 rifles (2 of them are being held for a youth-- from his grandfather) IIRC--all of which run solid except that versa max incident. Not so coincidently, it was the last one bought....(2015). Link to comment Share on other sites More sharing options...
Hi-Power Jack Posted March 26, 2018 Share Posted March 26, 2018 2 hours ago, Crazy Scientist said: I own 5 Remington firearms. 3 shotguns, 3 rifles Are you related to Yogi Berra ? Link to comment Share on other sites More sharing options...
Flatland Shooter Posted March 26, 2018 Share Posted March 26, 2018 1 hour ago, Hi-Power Jack said: Are you related to Yogi Berra ? Link to comment Share on other sites More sharing options...
Steve RA Posted March 26, 2018 Share Posted March 26, 2018 Good one ! Link to comment Share on other sites More sharing options...
Crazy Scientist Posted March 27, 2018 Share Posted March 27, 2018 I must plead a slight senior moment--it appears I had forgotten how many I own. You know how it is, they just keep a multiplyin in that safe! It wasn't Yogi Bera, but a nice Gun related Yogism I shall leave you with: Q: How many guns do you own? A: More than I need, not as many as I'd like Link to comment Share on other sites More sharing options...
12glocks Posted March 27, 2018 Share Posted March 27, 2018 Remington had a bad reputation the last few years for poorly made products and I believe it was well deserved. I have owned some 700's and 870's and still do but Remington is not even on my radar anymore for a bolty (looking at a RPR that I can switch the barrel on myself). After running a Benelli M2 for a few years in 3 gun the Remingtons are a F'ing joke! If they go out of business, which is fine with me, it is primarily because of "business decisions" made by bean counters and upper management. I feel bad for the craftsman that built the guns. Link to comment Share on other sites More sharing options...
SCinTX Posted March 27, 2018 Share Posted March 27, 2018 The market is thriving for vendors who innovate. Link to comment Share on other sites More sharing options...
IowaNewbie Posted March 29, 2018 Share Posted March 29, 2018 Did any of you get your Thanksgiving/Christmas rebate checks from Remington ? I didn't get mine yet, and I don't think I will Link to comment Share on other sites More sharing options...
Sdlrodeo Posted March 29, 2018 Share Posted March 29, 2018 6 hours ago, IowaNewbie said: Did any of you get your Thanksgiving/Christmas rebate checks from Remington ? I didn't get mine yet, and I don't think I will Yeah, I’m still waiting on one from a Versa Max. Not holding my breath mind you. Link to comment Share on other sites More sharing options...
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