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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 |
| "Some people think that the Second Amendment is an outdated relic of an earlier time. Doubtless some also think that constitutional protections of other rights are outdated relics of earlier times. We The People own those rights regardless, unless and until We The People repeal them. For those who believe it to be outdated, the Second Amendment provides a good test of whether their allegiance is really to the Constitution of the United States, or only to their preferences in public policies and audiences. The Constitution is law, not vague aspirations, and we are obligated to protect, defend, and apply it. If the Second Amendment were truly an outdated relic, the Constitution provides a method for repeal. The Constitution does not furnish the federal courts with an eraser." --9th Circuit Court Judge Andrew Kleinfeld, dissenting opinion in which the court refused to rehear the case while citing deeply flawed anti-Second Amendment nonsense (Nordyke v. King; opinion filed April 5, 2004) |
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