“Remington Outdoor Brands has filed for bankruptcy.The bankruptcy filing allows Remington to stay in business while restructuring its massive debt. The company has been planning to reduce its debt by $700 million through the Chapter 11 process and contribute $145 million to its subsidiaries.”
See Remington, one of America’s oldest gun makers, files for bankruptcyI may have dodged a bullet when I bought my Buffalo Classic which became a Marlin 1895. Both were made by Remington and they’ve had a lot of trouble with quality and now Trumpism. Under Obama, shooters feared supplies of all kinds of shooting equipment being restricted so they stocked up… Seriously, there were whole years when some powder and bullets of kinds I use could not be found anywhere. Governments bought up millions of rounds and shooters bought up the rest every time retailers got stock. Shipments of powder and bullets often took as little as three days to sell and months to replace. Prices of bullets and powder doubled. Prices of firearms rose dramatically. Now, Remington can’t give away rifles and shotguns.
I guess Chapter 11 Bankruptcy could work. Remington will shed workers and plants and equipment they don’t need and cut expenses way back until the market settles down. The mid-term election of 2018 could be a signal that gun-control is no longer a gleam in certain politicians’ eyes but almost a certainty. People are just sick of crazies shooting up the place and ordinary decent firearms owners and users are going to be caught in the crossfire. I plan to restock if prices fall in response to oversupply and low demand. I plan on shooting deer with smaller calibres and lighter loads of powder whenever possible. In reality it won’t worry me much longer. I’m just teetering on the edge of my grave. My grand kids may have a harder time hunting and shooting.