Remington Arms preps for bankruptcy sale to Navajo Nation

[428cj]

Remington Arms preps for bankruptcy sale to Navajo Nation

https://nypost.com/2020/06/26/gunmaker-remington-preps-for-bankruptcy-sale-to-navajo-nation/

 

[Suck My Glock]

Well,...wouldn't that be cool if Remington was packed up and shipped out to Winslow?

 

[AZ_Five56]

Very interesting. Personally, I wouldn't buy any newer Remington's since they've been having issues lately. Maybe they'll turn the brand around. It would be very cool it manufacturing was moved out to AZ or NM too.

 

[Doc]

They should re name it Savages Arms.

 

[AZ_Five56]

They should re name it Savages Arms.

:lol: :clap:
I hear this logo isn't being used anymore. Maybe they can adopt it.

 

[smithers599]

https://www.newsmax.com/t/finance/article/974406?gdpr_consent=&gdpr=false&section=streettalk&keywords=remington-arms-bankruptcy-navajo-gun&year=2020&month=06&date=26&id=974406&oref=wattsupwiththat.com

...transform the company by dropping assault-style weapons and focusing instead on hunting firearms for consumers, sales to law enforcement and smart gun technology, ...

The business plan is to stop making rifles that people want to buy, and make rifles that people don't want to buy.

Smart.

 

[knockonit]

well now, with the fed dollars to help you thru the process, whats the worst that could happen, they siphon off a few mill here and there and a couple new members of the tribe buy a private island and a plane or two, uh you folks do know how it works ....................right

 

[338lapua]

Well,...wouldn't that be cool if Remington was packed up and shipped out to Winslow?

It sure would because they have such a highly trained highly motivated workforce just waiting to make high quality firearms. No thanks.

 

[338lapua]

https://www.newsmax.com/t/finance/article/974406?gdpr_consent=&gdpr=false&section=streettalk&keywords=remington-arms-bankruptcy-navajo-gun&year=2020&month=06&date=26&id=974406&oref=wattsupwiththat.com

...transform the company by dropping assault-style weapons and focusing instead on hunting firearms for consumers, sales to law enforcement and smart gun technology, ...

The business plan is to stop making rifles that people want to buy, and make rifles that people don't want to buy.

Smart.

If you think Remington was run poorly before just wait until they get a new chief at the helm.

 

[xerts1191]

Maybe they can cure what’s wrong with Rems product line these days

 

[mrbogangles]

I don't see them last long. Will probably take a few years for them to finally go down.

 

[gunsnboobs]

You know what I find odd about this is the Indians on the navajo res have been bitching about funds to cover this covid crisis yet they have found money to possibly buy a weapons manufacturer. Seems they're as bad as the 13%ers when it comes to hand outs.

 

[Gatsby]

https://www.newsmax.com/t/finance/article/974406?gdpr_consent=&gdpr=false&section=streettalk&keywords=remington-arms-bankruptcy-navajo-gun&year=2020&month=06&date=26&id=974406&oref=wattsupwiththat.com

...transform the company by dropping assault-style weapons and focusing instead on hunting firearms for consumers, sales to law enforcement and smart gun technology, ...

The business plan is to stop making rifles that people want to buy, and make rifles that people don't want to buy.

Smart.

I noticed that you dropped off the part of that quote that said that was their 2018 plan. That was the reason their bid was rejected 2 years ago. Have you seen anything that indicates it is still their plan?

The Navajo Nation made a bid in 2018 for Remington, planning to use an investment trust to fund a purchase that would transform...

 

[smithers599]

Maybe I was mistaken in just assuming that the Navajo Nation, having announced in 2018 that they would not make EBRs, had not changed their position. I didn't see anything that said they had reconsidered.

 

[lemerese]

Remington is owned by the Freedom Group? Does that mean Bushmaster, DPMS, H&R & Marlin are going under too?

 

[needsmostuff]

H&R has been gone for a long time ( probably 10 years ) already and I believe Bushmaster was recently euthanized .
Maybe DPMS also ,Who knows ?
Marlin will probably hang on but only be about lever guns.
Sometimes these things restructure and reemerge ,,,, sometimes not.

 

[knockonit]

If they do go away, someone esle will pick up the mantle and carry it, everything in life has an expectancy, perhaps they have met theirs.
Once a new one shows, it will probably have the same future pending the political atmosphere of the good ole NEW usa.

 

[Solar_Empire]

Dpms, tapco, and bushmaster are all gone. Not really devastating imo.

 

[XJThrottle]

Is all the DPMS and Bushmaster stuff that if for sale on different site just over/leftover stock?