Remington files for Chapter 11

[essguy_]

Remington is seeking protection under Chapter 11 today. The company has faced lawsuits relating back to Sandy Hook - and rapidly falling gun sales since the election.

Next election, the NRA should back the most gun-controlling candidate - it would be the best thing for the industry, LOL!

 

[poorboy]

I've been saying ad nauseum to all the gun control freaks on here who know nothing about the industry. That and along with Obama being the greatest gun salesman in American history.

Americans don't want any more gun control and react negatively to any measures to further tighten down on it.

Remington will be around in some form or another. Colt has been in a perpetual state of bankruptcy for decades.

 

[Mr Deeds]

Gee if the gun companies go belly up then there's no more guns and if there's no guns then children dont die from stray bullets, and police dont die from just doing their jobs and if there's less danger for them then less chance they will kill someone by mistake and if people dont get killed by a scared cop there might be less racial tension, and if there's less racial tension there would be no need for more guns. Sounds like a win win to me

 

[poorboy]

Gee if the gun companies go belly up then there's no more guns and if there's no guns then children dont die from stray bullets, and police dont die from just doing their jobs and if there's less danger for them then less chance they will kill someone by mistake and if people dont get killed by a scared cop there might be less racial tension, and if there's less racial tension there would be no need for more guns. Sounds like a win win to me

You sound like a Miss Universe contestant.

With more than 300 million guns in the United States alone, it won't happen.

You also conveniently forget that firearms manufacturers like Remington made the winning of many wars that threatened the freedom of democracy possible.

Remington 870 shotguns are used by almost every police force in North America and many overseas police forces.

Remington 700 rifles are used by a large number of police forces world wide.

 

[essguy_]

It's actually a classic Trump-type move. Issue a ton of debt, file for protection under Chap 11. I wonder if Trump is advising Feinberg, given Trump's vast experience with bankruptcy. Creditors take over the company and the debt is forgiven for the equity stake.

 

[SirWanker]

It's actually a classic Trump-type move. Issue a ton of debt, file for protection under Chap 11. I wonder if Trump is advising Feinberg, given Trump's vast experience with bankruptcy. Creditors take over the company and the debt is forgiven for the equity stake.

With the Trump's budget proposal, he's attempting to do the same thing with the USofA.

 

[jazzbox]

Thank god it is the gun company. I like their razors.

 

[out4fun]

Business go bankrupt all the time. They restructure, make changes or other ones take their place. This isn't really much of a statement about gun control or the NRA.

 

[Mr Deeds]

You sound like a Miss Universe contestant.

With more than 300 million guns in the United States alone, it won't happen.

You also conveniently forget that firearms manufacturers like Remington made the winning of many wars that threatened the freedom of democracy possible.

Remington 870 shotguns are used by almost every police force in North America and many overseas police forces.

Remington 700 rifles are used by a large number of police forces world wide.

T
The US has the highest murder rate of any civilized country in the world with also the worst gun laws. Yes wars are won with fire arms but there isnt any wars going on in the US unless you believe the far right wing survivalist crackers. In any country with strict gun laws IE Canada, France, England.... the murder rate is less than 2% of what it is in the US. Yes your right Remington will survive, they will go bankrupt, lay off their workers, screw their suppliers and the government out of moneys owed and be back in business in a few months, the CEO and a few others will golden parachute out. I did not conveniently history, its just not relevant today.

 

[pussyluver]

What a relief... Just a gun company going out of business. I thought it was the electric shaver people. Shaves as close as a blade or your money back... That would be a tragedy.

 

[poorboy]

T
The US has the highest murder rate of any civilized country in the world with also the worst gun laws. Yes wars are won with fire arms but there isnt any wars going on in the US unless you believe the far right wing survivalist crackers. In any country with strict gun laws IE Canada, France, England.... the murder rate is less than 2% of what it is in the US. Yes your right Remington will survive, they will go bankrupt, lay off their workers, screw their suppliers and the government out of moneys owed and be back in business in a few months, the CEO and a few others will golden parachute out. I did not conveniently history, its just not relevant today.

Do you follow the news?

There are 14,000 American soldiers in Afghanistan right now and another 12,000 in countries like Iraq and Syria. Then there's all those soldiers in Asia right now because of problems with North Korea. The U.S. is always at war.

Almost every marked police car in North America has a Remington 870 in it, and there are approximately 411,000 police cars in the U.S.

It's just utterly hilarious how ignorant anti gun people are and how they think guns are evil.

If anti gun people actually bothered to take an interest in history, they would know that Eli Remington was a devoutly religious man. The most prolific gun designer in history, John Browning was a Mormon. Evil people. Just evil.

Remington's history is the history of the United States. They equipped the Union during the Civil War and have been equipping the United States military and police ever since.

 

[cunning linguist]

Is this supposed to be some kind of libtard circle jerk about "the evil gun industry finally getting its 'just desserts'?"

 

[John Henry]

Gee if the gun companies go belly up then there's no more guns and if there's no guns then children dont die from stray bullets, and police dont die from just doing their jobs and if there's less danger for them then less chance they will kill someone by mistake and if people dont get killed by a scared cop there might be less racial tension, and if there's less racial tension there would be no need for more guns. Sounds like a win win to me

Gee if we did away with the booze companies there would be no drunk drivers . Wives and kids wouldn't have to worry about getting beaten because the old man is drunk . The roads would be a lot safer .

More people die of prescription drug over dose than any gun killing . Why do you think we have to set up special places ( with tax paid dollars ) so people can take their illegal drugs . People take the prescribed drugs and head for the illegal afterwards .

As for scared cops .... then they shouldn't be cops in the first place if they can't handle the pressure .

No booze , no drugs , no over prescribing drugs . Sounds like a WIN WIN to me . :yo:

 

[Occasionally]

Think long term everyone.

If one gun maker goes kaput, another one can, then another. Then no more gun companies.

Then we are all fucked as the evil government who is itching to take over civilian homes and pillage towns won't have anyone to counter them. As soon as the bullets run out, all of the Rambo militia holed up in a Montana forest won't be able to protect us from onslaughts of US marines and tanks.

 

[Mr Deeds]

Do you follow the news?

There are 14,000 American soldiers in Afghanistan right now and another 12,000 in countries like Iraq and Syria. Then there's all those soldiers in Asia right now because of problems with North Korea. The U.S. is always at war.

Almost every marked police car in North America has a Remington 870 in it, and there are approximately 411,000 police cars in the U.S.

It's just utterly hilarious how ignorant anti gun people are and how they think guns are evil.

If anti gun people actually bothered to take an interest in history, they would know that Eli Remington was a devoutly religious man. The most prolific gun designer in history, John Browning was a Mormon. Evil people. Just evil.

Remington's history is the history of the United States. They equipped the Union during the Civil War and have been equipping the United States military and police ever since.

O
Again, dont care about the history or useless and stupid wars in countries where the states shouldnt be sticking their nose into. Guns kill and there are too many guns in the US and too many people (especially minorities ) are dying. It doesnt happen here, DOES IT

 

[essguy_]

Guys - didn’t want to start a gun debate. Just wanted to highlight the fact that Gun companies do WAY better under a Democrat Admin. You have to laugh at the irony. I mean, it IS funny. As I said, the NRA should get their act together and back a gun control candidate the next election, the industry will thank them. LOL! (Oh, and in my opinion the 2nd Amendment isn’t going anywhere in our lifetimes or our children’s lifetimes)

 

[Occasionally]

O
Again, dont care about the history or useless and stupid wars in countries where the states shouldnt be sticking their nose into. Guns kill and there are too many guns in the US and too many people (especially minorities ) are dying. It doesnt happen here, DOES IT

It's dopey US culture, crime, gung ho cops, and typical American bravado...... "Don't talk to me that way! I'm American! This the USA! You wanna a piece of this? Read the second amendment buddy!.... Blam!" And nothing says tough guy bravado more than waving a gun in someone's face.

I actually agree (in a technical sense) that guns don't kill, it's people pulling the trigger. No different than knives. If nobody goes on a stabbing spree, a knife just sits in a kitchen drawer.

The problem is guns are out there like candy and Americans can't handle them. Every other western country has guns (some more than others), but you never get big gun blasting sprees like the US. The US probably has more mass gun killings than all other G20 countries combined. And if not, probably pretty darn close.

There's actually decently high levels of gun ownership ratios in Switzerland and Sweden (and whatever other cool as ice country has guns). Difference is, you don't see big time shooting sprees in Geneva or Stockholm. You don't get school shooting sprees, gangs, disgruntled murder-suicides and other fucktardary the US seems swimming in.

And because Yanks can't handle them is the best reason to control them.

You don't give alcoholics gift cards to the Beer Store. You try to keep booze away from him or he'll go bonkers one day.

 

[Occasionally]

Guys - didn’t want to start a gun debate. Just wanted to highlight the fact that Gun companies do WAY better under a Democrat Admin. You have to laugh at the irony. I mean, it IS funny. As I said, the NRA should get their act together and back a gun control candidate the next election, the industry will thank them. LOL! (Oh, and in my opinion the 2nd Amendment isn’t going anywhere in our lifetimes or our children’s lifetimes)

It is weird. You'd think the opposite would be true. lol

 

[poorboy]

O
Again, dont care about the history or useless and stupid wars in countries where the states shouldnt be sticking their nose into. Guns kill and there are too many guns in the US and too many people (especially minorities ) are dying. It doesnt happen here, DOES IT

No it doesn't, and that's despite the fact there are over 10 million guns in Canada. There are 2 million guns in Switzerland with about 8 million people. Finland and Norway have high gun ownership rates too. A large number of guns is not directly correlated to the murder rate.

You're plain ignorant on the issue, along with the vast majority of anti gun people who like to oppose an issue they know very little about. Gun ownership has been INCREASING, yet murder rates have been DECREASING in Canada and the United States. Learn to use the internet and do some research and find out the FACTS from government published data instead of being gullible and believing what the mass media feeds you. The truth is out there.

 

[essguy_]

No it doesn't, and that's despite the fact there are over 10 million guns in Canada. There are 2 million guns in Switzerland with about 8 million people. Finland and Norway have high gun ownership rates too. A large number of guns is not directly correlated to the murder rate.

You're plain ignorant on the issue, along with the vast majority of anti gun people who like to oppose an issue they know very little about. Gun ownership has been INCREASING, yet murder rates have been DECREASING in Canada and the United States. Learn to use the internet and do some research and find out the FACTS from government published data instead of being gullible and believing what the mass media feeds you. The truth is out there.

You need to be careful about assuming correlations between increased gun ownership and decreased murder rates. Eg: in 2001, Steven Levitt published “Freakanomics” which popularized a theory that the reduction in crime stats (since 1994) correlated with access to legalized abortions (starting in the ‘70’s). The so called “Donahue-Levitt Hypothesis”. Other economists have argued against this, but the correlation is there. Also, in your own post you correctly state that Canadian crime stats have dropped (as have crime stats in other countries with strict gun ownership laws), which actually weakens the argument that decreased crime is a result of increased gun ownership (since you would expect crime to drop less in regions where legal gun ownership was strictly controlled vs easy access).

Anyway, I still find it funny that the best thing for US gun manufacturers is to have a gun control advocate in power. Gun owners get so afraid of losing their right to bear arms (a right which will NEVER go away, IMO) that they rush out and buy more while they can. If Remington is still around for the next election, they need to donate to the DNC!