doubleh
Member
Remington put itself in a debt position where Cerebus could waltz in and take over like the corporate raiders they are. Strong companies can fight it off, Big Green couldn’t.
These pirates care zero about brand or legacies, only about the Benjamins. “Bleed them dry and kick them to the curb” should be their motto.
Like every previous time a hostile takeover occurs by a money fund rather than some entity that actually knows what it is doing, it was all she wrote. Once harpooned, Remington flopped on the line for a while, but like so many others they were boiled down for oil and tossed over the side.
Stay safe.
You are 100% correct and it is a shame that inept management put an old and revered company in a position for it to happen.
Ruger's drop off in revenue is just numbers showing how bad it is as there was an article about a month ago I saw about the percentage drop in firearms sales and Ruger is a major player. Firearms are like everything else for sale. When the demand is large the prices increase and the companies do good. When the demand drops the prices usually decrease and the companies begin hurting for revenue and some even close. With our run-away inflation that the government is lieing about and giving out false numbers I am seriously worried about what we are facing. I am well acquainted with the laws of supply and demand in one industry and managed to have my particular job done away with in favor of contractors that did less for less.