Cerberus to sell Freedom Group
Just saw this on thefirearmblog.com and thought I'd share.
http://www.thefirearmblog.com/blog/2012/12/18/breaking-news-cerberus-to-sell-freedom-group/
I'd obviously heard of Cerberus and knew they had part in a huge conglomeration of gun manufacturers, but I never really bothered getting into the politics of it.
The timing of the sale (or potential sale) couldn't be more telling. I guess I just don't understand why an corporation would invest in gun companies in the first place if they're just going to get squeemish when someone abuses a gun. I mean, if I invest in a LARGE group of specific type of companies, wouldn't you want to stand behind that industry when the heat rises?
According to a commenter on the blog, a large California teacher's retirement fund had been invested into Cerberus and quite possibly divested (or threatened to, not sure) over the ownership/investment.
Thoughts, concerns?
Just saw this on thefirearmblog.com and thought I'd share.
http://www.thefirearmblog.com/blog/2012/12/18/breaking-news-cerberus-to-sell-freedom-group/
I'd obviously heard of Cerberus and knew they had part in a huge conglomeration of gun manufacturers, but I never really bothered getting into the politics of it.
The timing of the sale (or potential sale) couldn't be more telling. I guess I just don't understand why an corporation would invest in gun companies in the first place if they're just going to get squeemish when someone abuses a gun. I mean, if I invest in a LARGE group of specific type of companies, wouldn't you want to stand behind that industry when the heat rises?
According to a commenter on the blog, a large California teacher's retirement fund had been invested into Cerberus and quite possibly divested (or threatened to, not sure) over the ownership/investment.
Thoughts, concerns?