Remington Prepares for Bankruptcy

[stocknup]

I better get my damn 200 dollar rebate from pre black friday

I am pretty shocked .......but I just received my ammo rebates ( Buckets of Bullets that were due in by Dec. 15 ) .
I had $180.00 coming back from 6 buckets of 9mm . Ended up paying about .12 round .

 

[BE Mike]

I got mine several weeks ago. I only bought 3 buckets from Academy (delivered to my door). Although I reload 9mm, the deal was too close to my costs to pass up.

 

[busted1200]

Well strangely enough 1 of my $100 rebate checks showed up today even tho I mailed both of them the same day. My wife mailed hers a week before mine and she got hers back about a month ago. Now I'm wondering where my second one is.

 

[johny5]

The free market will always create more if there is a demand.

Schumpeter's "Creative Destruction" - I wholeheartedly agree. It is sad to see classic American companies falter, but a new generation will spring up and introduce new, exciting innovations.

 

[NyleRN]

My only concern is for AAC. I want support for my suppressors. I'm sure some other manufacturer would absorb Remington/AAC. At least someone to buy the patent to their suppressor mounting parts that are wear prone so they can be serviced if need be

 

[Ricnzak]

I got my 3 bucket rebate today. Got to give them that. I wonder how the sale of the ammo division will go.

 

[bgcatty]

Part of it, is managers that only keep their eyes on the Quarter Reports, and don't give a Rat's Ass about the long term effects.

Absolutely correct! Add to that the fact that these so called “investors” usually love to do the old “pump and dump” often bleeding the victim dry and load it up with debt, the jury is still out. In this instance it may be that Remington is doing a variation of a “pre-packaged” Chapter 11 to attack the debt and get it under control and get some cash into the business operation. Notwithstanding these events, unless the management team is committed to the turn around for the long haul and the Bean counters in blue suits don’t run amok, there is a chance Remington will survive. Maybe new management will drop the junk Remington has pawned off over the past decade or so and concentrate on their core businesses. Drop the handguns and efforts to introduce new products and concentrate on their 1911’s sans the comical R on the slide. Stick with quality control and improve it. Return Remington to its roots.

 

[Kirk Freeman]

Remington died when Freedom Group purchased it.

Remington needs to die so it can live again . . . without Freedom Group.

 

[blue2golf]

Still waiting on my rebate check from my Black Friday purchase.

 

[busted1200]

Still waiting on my rebate check from my Black Friday purchase.

Ditto, my wife got hers quick. I received one about a month ago and still waiting on a second. Mailed them off all at the same time too.


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[blue2golf]

Ditto, my wife got hers quick. I received one about a month ago and still waiting on a second. Mailed them off all at the same time too.


Sent from my iPhone using Tapatalk Pro

Ugh, misery loves company! (at least I'm not alone.)

 

[Riggs226]

It's really a shame to see what's happened to Remington over the years!

 

[blue2golf]

Still waiting on my rebate check from my Black Friday purchase.

Finally called the toll free number last month, they sent me a new check. Arrived today....7 months after Black Friday.

 

[brentlacy]

It's really a shame to see what's happened to Remington over the years!

Agreed. When they first released that mouse gun 380 and the 9mm pistol, my thought was "this is not going to go well". I'm sure by then much damage had been done well before then. It just became really visible.