Jump to content
Brian Enos's Forums... Maku mozo!

Remington Files for Bankruptcy


Recommended Posts

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 post
Share on other sites

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 post
Share on other sites

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

 

:ph34r:

Link to post
Share on other sites

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 post
Share on other sites

 

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 post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...