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If hedge funds are selling gold and silver, the prices should be dropping. I/m not seeing it…..yet.
I’m waiting for silver to drop back down to the low $16/oz or lower.
RE: Remington bankruptcy
Some of my fondest memories are rabbit hunting with my father, using his late-1960’s era 1100 12ga. that I still own and would sell my soul before parting with. Running a close second is his Model 700 in .22-250 of the same vintage that has enough groundhog kills to fill a fleet of dump trucks to it’s credit. After the abject failures of the RP9 and R51, this organization needs to be cleaned out top to bottom. Simply relying on past accomplishments and brand recognition is no longer enough. Just ask Sears.
I hope they get there act together.
As the article states:
“Colt’s Manufacturing Co LLC, a competitor of Remington, emerged from bankruptcy in 2016 following falling sales of its sports rifles and the loss of military contracts.”
This is not a problem that is unique to Remington.
I remember when Colt was so smug that they didn’t want to sell their AR-15 rifles to the public anymore because they had plenty of government contracts and the general public was nothing more than an annoyance to them. They didn’t even want to talk to gun owners on the phone. I haven’t forgotten that and I wont buy a Colt product to this day.
I really can’t believe Remington is bankrupt. After 8 years of record sales under Obama, just one year of Trump wipes them out?
There’s either totally incompetent management that did not think sales could ever slow down, or totally greedy management that took all the money as bonuses and ran.