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The
Below Comments Relate to this Newslink:
WSJ: Colt to File for Chapter 11 Bankruptcy Protection Tomorrow
Submitted by:
Bruce W. Krafft
Website: http://www.keepandbeararms.com/
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"'Gun maker Colt Defense LLC plans to file for chapter 11 bankruptcy protection by Monday, according to people familiar with the matter, amid business and accounting troubles. The company has secured financing to continue operating while in bankruptcy and expects to remain in business after the restructuring, the people said.' The combination of years of indifference toward the civilian market combined and the gut-punch that was losing most of its military AR business have finally caught up to Colt . . ." ... |
| Comment by:
Millwright66
(6/15/2015)
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Kinda sad to see an old established brand falling into the clutches of the wolves, but Colt management has had plenty of opportunity to build a faster troika. The handgun and CCW market has exploded in the past decade or so. Colt management failed to; 1) note the market trend, 2) divert funds from product line losers production to developing winners in the emerging marketplace.
BTW, didn't we see this tale before ? |
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| QUOTES
TO REMEMBER |
| The most foolish mistake we could possibly make would be to permit the conquered Eastern peoples to have arms. History teaches that all conquerors who have allowed their subject races to carry arms have prepared their own downfall by doing so. Indeed I would go so far as to say that the underdog is a sine qua non for the overthrow of any sovereignty. So let's not have any native militia or police. German troops alone will bear the sole responsibility for the maintenance of law and order. — Adolf Hitler, April 11, 1942. (Source: "Hitler's Table-Talk at the Fuehrer's Headquarters 1941-1942", Dr. Henry Picker, ed. (Athenaeum Verlag, Bonn, 1951).) |
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