Remington to declare bankruptcy

[xray 99]

https://www.wsj.com/articles/massive...tcy-1520946453

[fly out]

Here is the first sentence:

A gun maker that Cerberus Capital Management LP spent more than a decade building into an industry giant is now on the brink of failure.

That right there is some revisionist history.

[Shoresy]

Here is the first sentence:



That right there is some revisionist history.

I was just about to post that... that's a very curious interpretation of Remington's history.

[Nephrology]

I was just about to post that... that's a very curious interpretation of Remington's history.

...seriously.

[RoyGBiv]

The Sun Myung Moons' son rises, the Sun Myung Moons' son sets.

[Duelist]

Disheartening. The first bird I ever shot was with a 12g 870. The first centerfire rifle I remember shooting was a .30'06 700. I just bought an 870.

[secondstoryguy]

Not surprising. They have been on the .govs tit for years selling them glorified hunting rifles for $10k a pop. Unlike Ruger and others haven’t released anything worth a crap in a long time.

[Trooper224]

They've been morally bankrupt for years, so this falls right in line.

[fixer]

One of the least surprising headlines in many years.

[Hambo]

Here is the first sentence:

A gun maker that Cerberus Capital Management LP spent more than a decade building into an industry giant is now on the brink of failure.

That right there is some revisionist history.

Fixed it: A gun maker that Cerberus Capital Management LP spent more than a decade milking for cash is now on the brink of failure.