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 Post subject: Another angle on the Roundhill Remington purchase...
PostPosted: Mon Mar 08, 2021 4:34 pm 
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Location: Mississippi Gulf Coast
Why? Why would someone spend 13 million for something when there doesn't seem to be any easy way to recoup, let alone profit, from that expenditure. I suppose people make poor judgements every day and that could very well be the answer. However, there is one thing I've not seen mentioned anywhere else and that is that the buyer, (Roundhill), got ALL the firearms AND artwork owned by the Remington Museum including any and all on loan at other museums or any other location. It may not amount to 13 million bucks worth but really who knows. Everybody is assuming that the value in this puzzling purchase is based in the profitable future production of firearms but the real value may lie elsewhere. This is assuming an awful lot of shrewdness on the part of the purchaser. Anybody know exactly what is in the Remington firearms and art Collection and the value of said collection? Considering the vast number of things this collection is comprised of it wouldn't take but a few gems to make that purchase price seem like a bargain. Just a thought.




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 Post subject: Re: Another angle on the Roundhill Remington purchase...
PostPosted: Mon Mar 08, 2021 5:08 pm 
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Joined: Thu Dec 05, 2013 7:11 am
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Location: Western Tampa, FL
Interesting conjecture! Would Roundhill have done enough due diligence before the purchase to know what they were getting and its estimated value? No idea but because they are not gun folks, I kind of doubt it.


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 Post subject: Re: Another angle on the Roundhill Remington purchase...
PostPosted: Mon Mar 08, 2021 10:37 pm 
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Joined: Fri Dec 27, 2019 7:22 pm
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Location: NE South Dakota
Property and machinery are probably worth that or close to it.


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 Post subject: Re: Another angle on the Roundhill Remington purchase...
PostPosted: Mon Mar 08, 2021 10:59 pm 
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boray wrote:
Why?

It has been ruminated upon several times before and there is zero merit to it, as anyone who has been to the Remington museum can tell you.

There are massive collections, such as https://www.thegunmuseum.com/ , but the Remington museum is nicely done, but quite modest.

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 Post subject: Re: Another angle on the Roundhill Remington purchase...
PostPosted: Wed Mar 10, 2021 11:44 am 
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Joined: Tue Apr 17, 2007 12:36 pm
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southdakbearfan wrote:
Property and machinery are probably worth that or close to it.

This is the standard approach taken by vulture capitalists. Much of the machinery for making guns can be used for making something other than guns and can be sold. The real estate and buildings can also be repurposed for condos or apartments.
If you can buy the property and equipment cheaply in bankruptcy you can sell it off for more than you paid.


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 Post subject: Re: Another angle on the Roundhill Remington purchase...
PostPosted: Wed Mar 10, 2021 12:05 pm 
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Joined: Sun Dec 17, 2017 9:04 am
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Finprof wrote:
southdakbearfan wrote:
Property and machinery are probably worth that or close to it.

This is the standard approach taken by vulture capitalists. Much of the machinery for making guns can be used for making something other than guns and can be sold. The real estate and buildings can also be repurposed for condos or apartments.
If you can buy the property and equipment cheaply in bankruptcy you can sell it off for more than you paid.


Have to wonder if that`s not Roundhill`s end game, despite what`s been said by Richmond Italia. Nobody, at least anybody that`s professed to be intimately involved that`s on this board, can know what`s going on behind the scenes, that`s true. But I`ll personally believe that Roundhill will manufacture Remington branded firearms when the first one comes off the line. Will there everbe Remington guns produced again? I`m not prescient enough to know. My seven decades on the planet, however, have taught me that there`s enough uncertainty in this life to never say never.

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 Post subject: Re: Another angle on the Roundhill Remington purchase...
PostPosted: Wed Mar 10, 2021 1:03 pm 
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It is called "game over." The Fat Lady has been singing since last September, but there are still a few in denial.

The narrative that anyone wants to "help" former Remington employees is a sham. They have been treated like yo-yo's for over six months. Those that keep wondering about "parts" can forget about it-- there are no parts, and there aren't going to be.

Former Remington employees have moved on, vendors have moved on, dealers have moved on. law enforcement has moved on, everyone reliant on the old Remington has moved on except for the years of legal wrangling that lies ahead. There are already 1,634 listed dockets with the court and it is far from over.

"RemArms" totally missed the fall 2020 hunting season, they are missing the 2021 turkey season, and the first rusty 870 Express that can (or potentially could) be cobbled together would be the first firearm Roundhill has ever made in history. No one would actually want one, with non-existent customer service, no-existent warranty, along with non-existent phone numbers. No distributor or dealer would want to handle them, as there are countless options from reputable companies to work with . . . that they are working with.

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 Post subject: Re: Another angle on the Roundhill Remington purchase...
PostPosted: Wed Mar 10, 2021 1:26 pm 
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Joined: Wed Feb 17, 2021 2:57 pm
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Remington employees were treated badly by Rem management years before you ever heard of round hill.


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 Post subject: Re: Another angle on the Roundhill Remington purchase...
PostPosted: Wed Mar 10, 2021 1:39 pm 
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Flyingtargets! wrote:
Remington employees were treated badly by Rem management years before you ever heard of round hill.


Based on what, exactly?

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 Post subject: Re: Another angle on the Roundhill Remington purchase...
PostPosted: Wed Mar 10, 2021 2:16 pm 
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Joined: Wed Feb 17, 2021 2:57 pm
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Is that a serious question?


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 Post subject: Another angle on the Roundhill Remington purchase...
PostPosted: Wed Mar 10, 2021 2:21 pm 
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It seems to me that Union Employees were working under a contract. If the terms of the contract were met, how could they be treated “badly”?

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 Post subject: Re: Another angle on the Roundhill Remington purchase...
PostPosted: Wed Mar 10, 2021 2:43 pm 
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Joined: Wed Feb 17, 2021 2:57 pm
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I’m referring to the bigger picture of overall financial poor management. The bailout in 2007, which yes while allowing some growth through acquisitions was on the surface good, we all got to see what was really under the sheets.

The first bankruptcy, by which many on this board soundly thrashed Cerberus, the poor management that led to the second BR, and yes, a few circumstances might have contributed, but not to that extent. Layoffs, ‘forced’ moves, constant realignment.........really is the bigger picture so hard to understand?

More to the point, there’s nothing obvious to me that points in favor of any sort of resurrection for Remington with anyone at the helm much less Roundhill. But to talk as if Big R’s problems are recent in nature is bizarre.


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 Post subject: Re: Another angle on the Roundhill Remington purchase...
PostPosted: Fri Mar 12, 2021 11:36 pm 
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Seems I remember similar conjecture over the fate of Smith & Wesson several years ago. Anyone remember how that went?


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 Post subject: Re: Another angle on the Roundhill Remington purchase...
PostPosted: Sat Mar 13, 2021 2:57 pm 
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ohio mike wrote:
Seems I remember similar conjecture


It was in no way similar. S&W didn't file for bankruptcy, much less twice, and wasn't broken apart at auction.



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