Shock of the day! Taurus may buy Freedom Group.

I'm sure this may come as a shock to some who consider Taurus to be a bush league player in the firearms business.

Read the entire article by logging on to the following link:

http://www.bloomberg.com/news/2013-...-taurus-bid-for-freedom-corporate-brazil.html

 

I think that's wishful thinking by Taurus. I really don't see how they could afford it.

 

I wonder if they can get it at a bargain, and then make loads of money once it looks like the storm has past (I'm hopeful it will pass and prices, etc. will return to a semblance of "normal")

 

Obama did tell tell Brazil that we would invest in their drilling and be their best customer.

Maybe Taurus is doing better financially than we think.

 

Let the Chinese buy it so prices can be affordable.

 

Eh - the thought of Remington being owned by a foreign company is a bit disheartening, but its better than the companies being dissolved.

In many ways though I think Ruger and S&W together have become for more ubiquitous as the main US firearms makers (and Savage is great on the rifle side of things and is still US owned and operated).

If Taurus has the cash then by all means they should go for it.

 

Smith & Wesson (SWHC) Holding Corp., the largest gunmaker by revenue, rose 92 percent

Taurus, the world’s second-largest gunmaker by revenue, has gained 66 percent in the past year

No. 3 maker Sturm Ruger & Co. advanced 33 percent