Remington Prepares for Bankruptcy

[dugsagun]

As long as they dont mess with barnes bullets, someone will pick up the pieces and hopefully get an iconic name in the history of firearms turned around and headed down the right path.

 

[bgcatty]

The debt mountain is the problem. However, depending on the structure of the debt, the Chapter 11 process will be able to pare down some of the obligations such that selling off parts of the holding company’s assets will be more palatable to potential buyers of the assets. We can all thank political correctness for instilling fear into investors who might consider saving Remington as an arms maker. Hopefully, an investment group or individual can step up. Peace!

 

[Ricnzak]

So I guess I shouldn't hold my breath for my ammo rebate to arrive.

 

[BehindBlueI's]

We can all thank political correctness for instilling fear into investors who might consider saving Remington as an arms maker.

...or poor financials, a dying product lineup, and very little chance of significant growth in a shrinking market that they own very little of.

 

[Hookeye]

Watch Taurus buy them............

 

[SnoopLoggyDog]

Watch Taurus buy them............

Or maybe Chiappa/Hi-Point.....

 

[GodFearinGunTotin]

It's always kind of sad when the names you knew dry up and go away. Who remembers Westinghouse? RCA? Kodak? I do. At one time, they were big names in their particular industries. Looks like Remington is on their way of being one of them.

 

[indyjohn]

Shame, as a kid I was a Remington fanboy. Now I have a Mossberg. But if I find a good 80s Remington 870, I will be all over that.

I have a nice late 1970's 870 that I bought from my agency when we "upgraded" to new 870's in the early 1990's. I would be hard pressed to find something of that quality from Remington today, from what it sounds like.

I was raised in a Remington family. The first gun I owned was an 870. Santa brought it for the Christmas of 72

Have a 1980's era 870 that will stay in the family. The QC on the current crop of Remington products is abysmal.

Thanks to an INGO friend, so do we.

 

[SOUP]

Strange times. I can't picture the firearms world without Remington in it.

 

[snowwalker]

Watch Taurus buy them............

LOL, With the way S&W is going a Taurus revolver is very close in quality today.

 

[sheepdog697]

yikes, looks like sales were going down in line with quality.

 

[halfmileharry]

LOL, With the way S&W is going a Taurus revolver is very close in quality today.

I never thought I'd see the day when S&W wheel guns would fall so far in quality and their semi-autos would be made with more quality.
Remington falling this low doesn't surprise me. Their quality has continually dropped for years if not the past few decades now.

 

[Leadeye]

It's a sad comment on gun manufacturing when stuff that is 100 years old works better than new in the box.

 

[indyjohn]

It's a sad comment on gun manufacturing when stuff that is 100 years old works better than new in the box.

But they're made faster and cheaper now, with less human intervention. That's always good, right?

 

[BE Mike]

I'm not a fan of their pistols and .22 ammo, and wasn't thrilled with the way Remington handled complaints with their bolt-action rifles. That being said, I bought an 870 recently. It isn't as pretty as the old ones, but works as advertised. I wouldn't want them to go under, but IMHO their engineering and R&D departments need clearing out, as well as, those who are at the very top of the decision making team. Of course, I'm a nobody and maybe I'm wrong.

 

[VERT]

I bought a new 870 police about 2 years ago. The gun has been fine. No complaints.

 

[Leadeye]

I still shoot a Model 8 made in 1906, always works and very accurate with cast lead.

 

[churchmouse]

I'm not a fan of their pistols and .22 ammo, and wasn't thrilled with the way Remington handled complaints with their bolt-action rifles. That being said, I bought an 870 recently. It isn't as pretty as the old ones, but works as advertised. I wouldn't want them to go under, but IMHO their engineering and R&D departments need clearing out, as well as, those who are at the very top of the decision making team. Of course, I'm a nobody and maybe I'm wrong.

When income slows the dept. budgets get cut. Engineering and QC took the hit as is obvious.

 

[halfmileharry]

When income slows the dept. budgets get cut. Engineering and QC took the hit as is obvious.

Totally in agreement with you. I saw the writing on the wall with the crappy finish and laminated wood.
I bought a new 11-87 in '90? maybe. Short barrel, plastic stock and foregrip. Gun kicked like hell. It took less than a box of shells to realize it wasn't a 1100.
I looked to replace it with a nice 1100. 1100s were easily found back then

 

[Mgderf]

On the other hand, the folks at Mossberg and Thompson are cranking out some nice rifles, and at reasonable prices.
I've recently picked up a Compass in .243Winchester and a Patriot in .30-06Springfield.