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11-24-2017, 09:02 AM
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Banned
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Join Date: Aug 2017
Posts: 438
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Remington going bankrupt?
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11-24-2017, 09:07 AM
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Join Date: Dec 2012
Location: Claresholm
Posts: 1,070
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Not surprised. With all the negetive reviews regarding the trigger issues.
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11-24-2017, 10:14 AM
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Join Date: Feb 2012
Posts: 2,295
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I wonder if gun sales have slowed for all manufacturers, what with Obama out of the white house.
As for Remington, their quality has really slipped off. The model 700 was a quality gun with a solid reputation. In an effort to attract sales at a lower price point they brought out the SPS version of it. The quality of an SPS doesn't even come close to the quality of an older 700.
Same for the express line of 870 shotguns. IMO the Wingmaster 870's are a much nicer gun, but if you look in their catalog, there are more versions of the Express than the Wingmaster. It's like Remington is pushing consumers to their cheaper line of shotguns.
IMO, Remington has made decisions that have damaged their company's reputation. The chickens are coming home to roost.
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11-24-2017, 10:23 AM
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Join Date: May 2007
Location: Uh, guess? :)
Posts: 26,739
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Remington won't disappear. Think Winchester. Some other company will pick up the pieces when they can buy the brand for 10 cents on the dollar, and continue producing the firearms. If they are in trouble it's because of bad management. They should have produced more "black rifles".
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Quote:
Originally Posted by DevilsAdvocate
In this case Oki has cut to to the exact heart of the matter!
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11-24-2017, 10:32 AM
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Join Date: Dec 2012
Posts: 1,031
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Same thing will happen with Remington as it did with GMC and Chrysler, big government bailout with, giant corporate bonuses! Buy stock while you can folks because Remington ain’t going nowhere! I’m definitely gona keep my eye on their stocks, and hopefully buy in! The U.S government will never let a benchmark company like that fold, it’s too significant to their whole country folding, and this shows weakness to all other countries! Just my rant, I’ll probably be proven wrong in the future!
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11-24-2017, 10:57 AM
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Join Date: May 2007
Location: WMU 303
Posts: 8,480
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Quote:
Originally Posted by morinj
Same thing will happen with Remington as it did with GMC and Chrysler, big government bailout with, giant corporate bonuses! Buy stock while you can folks because Remington ain’t going nowhere! I’m definitely gona keep my eye on their stocks, and hopefully buy in! The U.S government will never let a benchmark company like that fold, it’s too significant to their whole country folding, and this shows weakness to all other countries! Just my rant, I’ll probably be proven wrong in the future!
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Although that is in the relm of the possible, I don't believe that the US Govt would intervene by propping up a recreational firearms manufacturer. For one it's bad optics and second, as already stated, the Rem name could be bought for cents on the $ by some other weapons manufacturer and third, let the market go where it may go without government interference.
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11-24-2017, 01:57 PM
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Join Date: May 2007
Location: Calgary
Posts: 5,140
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Quote:
Originally Posted by morinj
Same thing will happen with Remington as it did with GMC and Chrysler, big government bailout with, giant corporate bonuses! Buy stock while you can folks because Remington ain’t going nowhere! I’m definitely gona keep my eye on their stocks, and hopefully buy in! The U.S government will never let a benchmark company like that fold, it’s too significant to their whole country folding, and this shows weakness to all other countries! Just my rant, I’ll probably be proven wrong in the future!
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If you held GM stock before the bail-out, you would have lost it all.
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Former Ford Fan
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11-24-2017, 10:37 AM
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Join Date: May 2007
Posts: 5,412
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Quote:
Originally Posted by Okotokian
Remington won't disappear. Think Winchester. Some other company will pick up the pieces when they can buy the brand for 10 cents on the dollar, and continue producing the firearms. If they are in trouble it's because of bad management. They should have produced more "black rifles".
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Browning owns Winchester. The gun world is a small place.
Yes Trump has slowed the gun and ammunition hoarding and the market is having some adjustment issues.
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11-24-2017, 10:53 AM
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Join Date: Aug 2011
Posts: 5,151
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Yeah the endorsements of long dead gun writers don't mean much when people have to ship their rifles away for months due to a recall, and those rifles couldn't compete with guns that cost a third as much anyway.
"Here's your new 700, you might have an AD, you will have to give it back for 6 months, and it'll need $1000 worth of gunsmith work just to shoot with an axis" ...great sales pitch
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“Nothing is more persistent than a liberal with a dumb idea” - Ebrand
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11-24-2017, 05:02 PM
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Join Date: Dec 2008
Location: Camrose
Posts: 44,842
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Quote:
Originally Posted by 209x50
Browning owns Winchester. The gun world is a small place.
Yes Trump has slowed the gun and ammunition hoarding and the market is having some adjustment issues.
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Actually Herstal owns both Browning and Winchester.
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Only accurate guns are interesting.
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11-24-2017, 10:21 AM
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Join Date: Mar 2012
Posts: 1,920
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Quote:
Originally Posted by LKILR
Not surprised. With all the negetive reviews regarding the trigger issues.
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x 2 agreed
I am sure it didn't help them .
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11-24-2017, 10:29 AM
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Join Date: Aug 2008
Location: Between the mountains and the prairies.
Posts: 1,949
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Quote:
Originally Posted by LKILR
Not surprised. With all the negetive reviews regarding the trigger issues.
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They've also had a lot of quality issues in general the last few years too.
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Life is too short too shoot ugly guns.
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11-24-2017, 11:15 AM
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Join Date: Nov 2016
Location: Edmonton
Posts: 6,496
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Quote:
Originally Posted by LKILR
Not surprised. With all the negetive reviews regarding the trigger issues.
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And every other issue they have in their junk under $1,000.00 rifles.
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11-24-2017, 01:17 PM
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Join Date: Jul 2009
Location: Parts Unknown
Posts: 1,217
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Quote:
Originally Posted by LKILR
Not surprised. With all the negetive reviews regarding the trigger issues.
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Trigger issues are just the tip of the iceberg for Remington's problems !
I'm guessing by 2020 (or thereabouts), Remington won't exist anymore.
It will have gone bankrupt, and/or absorbed by another company.
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11-25-2017, 11:40 AM
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Join Date: Feb 2012
Location: N. E. of High River
Posts: 4,985
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legendary out of the box accuracy
I think legendary out of the box accuracy is still part of Remington's advertisements. Remington should no longer be allowed to say that in their advertisements. Remingtons can be made to shoot well but very few do well out of the box.
The 700 action seems to be a favorite of a custom build. I originally thought it was because of the quality of the action. I now think it is because there are so many crappy 700s out there and lots of actions available.
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