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RandyWakeman
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Post subject: Remington Closures . . . . . Posted: Sun Aug 09, 2020 3:19 pm |
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Joined: Sat Sep 09, 2006 11:02 am Posts: 27050 Location: Plainfield, IL
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_________________ --Randy
http://randywakeman.com/
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Tidefanatic
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Post subject: Re: Remington Closures . . . . . Posted: Sun Aug 09, 2020 3:51 pm |
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Joined: Sun Dec 17, 2017 9:04 am Posts: 3004
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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.
_________________ Fabarm L4S Initial Hunter Remington 870 Super Magnum Turkey Remington V3 Walnut Remington 870 Express (Realtree Xtra camo)
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oyeme
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Post subject: Re: Remington Closures . . . . . Posted: Sun Aug 09, 2020 3:54 pm |
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Joined: Thu Dec 05, 2013 7:11 am Posts: 4424 Location: Western Tampa, FL
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Sad!
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Qdog002
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Post subject: Re: Remington Closures . . . . . Posted: Sun Aug 09, 2020 4:14 pm |
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Joined: Wed Feb 22, 2006 5:07 pm Posts: 374 Location: Finger Lakes
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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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Tidefanatic
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Post subject: Re: Remington Closures . . . . . Posted: Sun Aug 09, 2020 4:53 pm |
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Joined: Sun Dec 17, 2017 9:04 am Posts: 3004
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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.
_________________ Fabarm L4S Initial Hunter Remington 870 Super Magnum Turkey Remington V3 Walnut Remington 870 Express (Realtree Xtra camo)
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RandyWakeman
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Post subject: Re: Remington Closures . . . . . Posted: Sun Aug 09, 2020 5:04 pm |
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Shotgun Expert |
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Joined: Sat Sep 09, 2006 11:02 am Posts: 27050 Location: Plainfield, IL
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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.
_________________ --Randy
http://randywakeman.com/
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Tidefanatic
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Post subject: Re: Remington Closures . . . . . Posted: Sun Aug 09, 2020 5:08 pm |
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Joined: Sun Dec 17, 2017 9:04 am Posts: 3004
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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.
_________________ Fabarm L4S Initial Hunter Remington 870 Super Magnum Turkey Remington V3 Walnut Remington 870 Express (Realtree Xtra camo)
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oneounceload
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Post subject: Re: Remington Closures . . . . . Posted: Sun Aug 09, 2020 7:08 pm |
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Joined: Tue Jan 08, 2008 6:20 pm Posts: 22972
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So I guess the sale to the Navajoes did not go through?
_________________ The bitterness of poor quality is remembered long after the sweetness of low price has faded from memory, Aldo Gucci
Never argue with an idiot. They will only bring you down to their level and beat you with experience, George Carlin
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saskbooknut
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Post subject: Re: Remington Closures . . . . . Posted: Sun Aug 09, 2020 7:15 pm |
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Joined: Fri Jan 16, 2015 9:11 am Posts: 994
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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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Tidefanatic
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Post subject: Re: Remington Closures . . . . . Posted: Sun Aug 09, 2020 8:44 pm |
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Joined: Sun Dec 17, 2017 9:04 am Posts: 3004
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oneounceload wrote: So I guess the sale to the Navajoes did not go through? Correct according to reports, unfortunately.
_________________ Fabarm L4S Initial Hunter Remington 870 Super Magnum Turkey Remington V3 Walnut Remington 870 Express (Realtree Xtra camo)
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RandyWakeman
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Post subject: Re: Remington Closures . . . . . Posted: Sun Aug 09, 2020 9:56 pm |
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Shotgun Expert |
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Joined: Sat Sep 09, 2006 11:02 am Posts: 27050 Location: Plainfield, IL
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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?  There is dumb and dumber. This is the latter.
_________________ --Randy
http://randywakeman.com/
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southdakbearfan
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Post subject: Re: Remington Closures . . . . . Posted: Sun Aug 09, 2020 10:27 pm |
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Joined: Fri Dec 27, 2019 7:22 pm Posts: 353 Location: NE South Dakota
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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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saskbooknut
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Post subject: Re: Remington Closures . . . . . Posted: Mon Aug 10, 2020 5:54 am |
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Joined: Fri Jan 16, 2015 9:11 am Posts: 994
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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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Tidefanatic
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Post subject: Re: Remington Closures . . . . . Posted: Mon Aug 10, 2020 6:50 am |
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Joined: Sun Dec 17, 2017 9:04 am Posts: 3004
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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.
_________________ Fabarm L4S Initial Hunter Remington 870 Super Magnum Turkey Remington V3 Walnut Remington 870 Express (Realtree Xtra camo)
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McFarmer
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Post subject: Re: Remington Closures . . . . . Posted: Mon Aug 10, 2020 7:46 am |
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Joined: Sat Nov 05, 2016 11:45 am Posts: 2073
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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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HenryVac
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Post subject: Re: Remington Closures . . . . . Posted: Mon Aug 10, 2020 7:52 am |
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Joined: Sat Mar 25, 2017 4:04 pm Posts: 250
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McFarmer
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Post subject: Re: Remington Closures . . . . . Posted: Mon Aug 10, 2020 8:19 am |
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Joined: Sat Nov 05, 2016 11:45 am Posts: 2073
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HenryVac wrote: McFarmer wrote: What out there is made in the USA anymore ? https://www.mypillow.com/  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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Dr Duk
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Post subject: Re: Remington Closures . . . . . Posted: Mon Aug 10, 2020 8:40 am |
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Joined: Fri Apr 22, 2011 10:46 am Posts: 8423 Location: Colorado Springs, Co
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HenryVac wrote: McFarmer wrote: What out there is made in the USA anymore ? https://www.mypillow.com/  You asked! Didn’t specify guns??
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oyeme
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Post subject: Re: Remington Closures . . . . . Posted: Mon Aug 10, 2020 8:45 am |
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Joined: Thu Dec 05, 2013 7:11 am Posts: 4424 Location: Western Tampa, FL
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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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oneounceload
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Post subject: Re: Remington Closures . . . . . Posted: Mon Aug 10, 2020 8:52 am |
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Crown Grade |
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Joined: Tue Jan 08, 2008 6:20 pm Posts: 22972
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I would imagine that ammo division would still be a profitable venture if split from the rest of the companies
_________________ The bitterness of poor quality is remembered long after the sweetness of low price has faded from memory, Aldo Gucci
Never argue with an idiot. They will only bring you down to their level and beat you with experience, George Carlin
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