Gun Seller That Bet Big on Hillary Goes Bankrupt

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Suck My Glock

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https://www.bloomberg.com/news/articles/2019-06-10/political-misfire-debt-load-bankrupt-gun-seller-united-sporting



Firearms distributor United Sporting Cos. loaded up on guns ahead of the 2016 U.S. presidential election, expecting a surge in sales would follow the election of a Democrat. Then Hillary Clinton lost.

The miscalculation sparked a multi-year decline that has reached the courthouse steps in Delaware, where United filed Chapter 11 bankruptcy on Monday
 
Clickbait title.

No biggie.


I fell for it too.

The real story seems to lay in the pump n dump group hired to manage the company. They blew massive profits, i.e. made no attempt to do anything but blow them elsewhere, in their miss management of the company that could have let them manage lean times.

Something that's becoming all to common these days. Perfect example is Sears Holdings was bought and ran by ESL Holdings. Eddie Lambert was a guy who made a shit load of money by pumping and dumping and yet people were surprised when Sears slowly sold off everything of value as it went under. Lambert didnt lose any money and guess who bought the profitable parts out of Bankruptcy? Eddy Lambert. Ofcourse that's a highlight of a much more complicated story where Sears is concerned but is happening more often as management companies buy up huge parts of businesses or industries or are hired to run them and paid up front with no liability if they fail. It's why people were/are concerned with groups like Freedom Group owning so much of a sector of retail. It's also why Mitt Romney got so much BS over his relationship with Bain.
 
I'd have made that bet. Shocked the heck out of me when Trump won. (Or more accurately, Hillary lost.)
Ginsburg lost her bet, too. Surprise!
 
More accurate title for the story: "Bloomberg celebrates firearms company going chapter 11"

Bunch of libtards on that network.

Only good part of that story is that Hilary lost!
 
now could this be a plan, to have accomplished this , ellets been around forever and well known, bummer, but if they go, just means prices will go up, less sellers , less competition, mo money.
just saying
ugly indeedy, or was it greed only that drove this moment.
Rj
 
No big deal, a little collateral damage from some stupid people overextending. I'd say it's well worth it to not have the biatch from hell any where near the White House.
 
smithers599 said:
I'd have made that bet. Shocked the heck out of me when Trump won. (Or more accurately, Hillary lost.)
Ginsburg lost her bet, too. Surprise!
Click to expand...

It was a yawner for me. I predicted Trump would win fairly big early in the game. Even on election night, Mrs. Flash told me she wanted to stay up and watch but I told her to get a good night's sleep and get up in the morning and laugh at all the liberal tears. That's what we did, too.

I've successfully predicted every Presidential race since 1969 with only one glaring exception, Ovomit's reelection. I just couldn't wrap my head around people having so much white guilt that they'd reelect a guy who had proven beyond a shadow of a doubt that he couldn't do the job and was incapable of learning how to do it as well as being unwilling to learn how to do it.
 
Crippledtrigger said:
Clickbait title.

No biggie.


I fell for it too.

The real story seems to lay in the pump n dump group hired to manage the company. They blew massive profits, i.e. made no attempt to do anything but blow them elsewhere, in their miss management of the company that could have let them manage lean times.

Something that's becoming all to common these days.
Click to expand...
You are spot on with this.
Without preaching to the choir, I’ll say I experienced this first hand as an employee of one of the victim companies in the transportation industry.
 
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