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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
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| Government is not the solution to our problem; government is the problem.... We've been tempted to believe that society has become too complex to be managed by self-rule, that government by an elite group is superior to government for, by, and of the people. Well, if no one among us is capable of government himself, then who among us has the capacity to govern someone else? All of us together, in and out of government, must bear the burden. The solutions we seek must be equitable, with no one group singled out to pay a higher price. — Ronald Reagan |
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