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 Post subject: Remington Closures . . . . .
PostPosted: Sun Aug 09, 2020 3:19 pm 
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https://www.stltoday.com/news/local/gov ... 45bfb.html

https://www.wxii12.com/article/remingto ... s/33548954

https://www.wfmynews2.com/article/news/ ... 0f6685eaf8



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 Post subject: Re: Remington Closures . . . . .
PostPosted: Sun Aug 09, 2020 3:51 pm 
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Sad, but in no way surprising. Thanks for the updates, Randy. Next month or so is going to be real interesting.

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Sun Aug 09, 2020 3:54 pm 
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Location: Western Tampa, FL
Sad! :(


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 Post subject: Re: Remington Closures . . . . .
PostPosted: Sun Aug 09, 2020 4:14 pm 
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Location: Finger Lakes
Very sad!
Goes to show that these incentives given out to companies is a crap shoot. You would think that these states would have done a little better research viability for these grants.


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 Post subject: Re: Remington Closures . . . . .
PostPosted: Sun Aug 09, 2020 4:53 pm 
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Qdog002 wrote:
Very sad!
Goes to show that these incentives given out to companies is a crap shoot. You would think that these states would have done a little better research viability for these grants.


Everything is viewed through the prism of political expediency when it comes to things such as this. Some politician can point to the jobs theybrought. What might happen downstream is of little consequence and of small, if any, concern. I work in state government (healthcare) and often remind my staff to always remember that we`re always only an inch from politics in everything we do.

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Sun Aug 09, 2020 5:04 pm 
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Tidefanatic wrote:
Sad, but in no way surprising. Thanks for the updates, Randy. Next month or so is going to be real interesting.


Remington is done-- stick a fork in it. It has little to do with product quality, their skilled employees, or their excellent customer service. The owners (banks) do not care one whit about being in the firearms business and that is that.

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Sun Aug 09, 2020 5:08 pm 
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RandyWakeman wrote:
Tidefanatic wrote:
Sad, but in no way surprising. Thanks for the updates, Randy. Next month or so is going to be real interesting.


Remington is done-- stick a fork in it. It has little to do with product quality, their skilled employees, or their excellent customer service. The owners (banks) do not care one whit about being in the firearms business and that is that.


That pretty much sums up the situation.

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Sun Aug 09, 2020 7:08 pm 
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So I guess the sale to the Navajoes did not go through?

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Sun Aug 09, 2020 7:15 pm 
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Remington was looted and left holding massive debt.
The financial manipulators should be in jail in a fair world.


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 Post subject: Re: Remington Closures . . . . .
PostPosted: Sun Aug 09, 2020 8:44 pm 
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oneounceload wrote:
So I guess the sale to the Navajoes did not go through?


Correct according to reports, unfortunately.

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Sun Aug 09, 2020 9:56 pm 
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oneounceload wrote:
So I guess the sale to the Navajoes did not go through?


There never was any purported sale to the Navajo Nation and, it wouldn't have been a good idea. Those rumors were just baseless nonsense.

Quote:
Who would have known that within the Navajo Nation, 30-40% of our Navajo people don't have running water?
--Navajo Nation President Jonathan Nez

As many as 40% of the people living on the Navajo Nation also don't have electricity. It's an infrastructure crisis that doctors say directly contributed to the spread of COVID-19. President Nez wants to use part of the more than $700 million in CARES Act funding the Navajo Nation received to try to expand utilities on the reservation, but also suggests they'll need more money from the federal government in order to achieve those goals.

Some genius decided to start the rumor that they were going to buy an unprofitable gun company? :roll: :roll: :roll: There is dumb and dumber. This is the latter.

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Sun Aug 09, 2020 10:27 pm 
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Joined: Fri Dec 27, 2019 7:22 pm
Posts: 158
Location: NE South Dakota
Remington got looted by hedge fund managers.

Remington also made a lot of junk (Rem 887, 788, 710, etc) and lost their QC on their core items. Rem 700 and 870.

Both of which made it impossible to make it through.

Hopefully they come out the other end eventually like winchester did.


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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Aug 10, 2020 5:54 am 
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Winchester is a name that has been for sale to anyone marketing Chinese junk.
Olin owns the Winchester name and licences it to FN and their Browning subsidiary.
I'm not sure that I would wish that fate on Remington, but.....I hope some remnant of Remington survives this disaster.


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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Aug 10, 2020 6:50 am 
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Assuming no one purchases the company in toto, which is looking less and less likely by the day, the auction will be the key, I suppose. Will the company divisions be parceled out? I don`t know, but I would assume so.

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Aug 10, 2020 7:46 am 
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Joined: Sat Nov 05, 2016 11:45 am
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I’ve been considering a 28ga 1100 for some time. Wondering about what to do now.

What out there is made in the USA anymore ?


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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Aug 10, 2020 7:52 am 
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McFarmer wrote:

What out there is made in the USA anymore ?


https://www.mypillow.com/

:lol:


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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Aug 10, 2020 8:19 am 
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Joined: Sat Nov 05, 2016 11:45 am
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HenryVac wrote:
McFarmer wrote:

What out there is made in the USA anymore ?


https://www.mypillow.com/

:lol:


While it is true that some of my most memorable conquests have involved a pillow, at this point in life I’m more interested in shotguns.


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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Aug 10, 2020 8:40 am 
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HenryVac wrote:
McFarmer wrote:

What out there is made in the USA anymore ?


https://www.mypillow.com/

:lol:


You asked! Didn’t specify guns??


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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Aug 10, 2020 8:45 am 
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Location: Western Tampa, FL
I’ve been considering a 28ga 1100 for some time. Wondering about what to do now.
[/color]
What out there is made in the USA anymore ?[/quote]

Why not? There are scads of parts and personnel that can keep any 1100 functioning for a lifetime. If it is what you like, I say go for it.


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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Aug 10, 2020 8:52 am 
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I would imagine that ammo division would still be a profitable venture if split from the rest of the companies



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