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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Sun May 24, 2020 12:42 pm 
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Joined: Fri Mar 30, 2018 2:54 pm
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"I hope Remington stays around for a while" Don't worry Randy that comment was purely made in jest. :lol: .




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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Sun May 24, 2020 1:18 pm 
Crown Grade

Joined: Thu Dec 05, 2013 7:11 am
Posts: 4216
Location: Western Tampa, FL
Dr Duk wrote:
Is my 1966 1100 mag covered by warranty?
Just asking?


Probably not, because that is 54 years. However, there is a better chance of it being covered under warranty than any Beretta product you have owned for more than 1-3 years! Zing! :shock: :twisted: :lol:


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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Sun May 24, 2020 4:10 pm 
Tournament Grade

Joined: Tue Mar 31, 2020 8:57 am
Posts: 129
RandyWakeman wrote:
mea culpa wrote:

Don’t you think the $950 million in debt had something to do with the creditors rejecting the $525 million offer?


Google is your friend. Where would you dream up $950 million? Remington exited Chapter 11 in less than two months-- public information. That was in May of 2018. Some including Navajo Nation have tried to buy Remington AFTER the Ch. 11, but Remington isn't for sale.

Remington is extremely successful today and making a lot of money. No one (in their right mind) would want to sell a company that is returning large profits to their owners and investors.


The $950 million is probably true - but it pertains to to what Cerebrus did - not what REMINGTON did. It's meaningless as of the bankruptcy and the emergence from bankruptcy.

Remington may do great financially, or they may struggle. My poke at Mea Culpa was specifically that there was absolutely zero actual "Remington" information involved in his perception as to their health, and only a broad brush (meaning to me, completely meaningless) application of his perceived result of creditors being involved post bankruptcy.

It's like saying anyone that shoots with a K gun is vain. Oh, wait..... Just kidding.


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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Sun May 24, 2020 5:32 pm 
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Joined: Mon Apr 09, 2018 2:19 pm
Posts: 500
Dr Duk wrote:
Is my 1966 1100 mag covered by warranty?
Just asking?


That’s back when they didn’t need a warranty.

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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Sun May 24, 2020 5:35 pm 
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Joined: Mon Apr 09, 2018 2:19 pm
Posts: 500
https://en.wikipedia.org/wiki/Remington_Arms

RandyWakeman wrote:
mea culpa wrote:

Don’t you think the $950 million in debt had something to do with the creditors rejecting the $525 million offer?


Google is your friend. Where would you dream up $950 million? Remington exited Chapter 11 in less than two months-- public information. That was in May of 2018. Some including Navajo Nation have tried to buy Remington AFTER the Ch. 11, but Remington isn't for sale.

Remington is extremely successful today and making a lot of money. No one (in their right mind) would want to sell a company that is returning large profits to their owners and investors.

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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Sun May 24, 2020 9:51 pm 
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Joined: Sat Sep 09, 2006 11:02 am
Posts: 26771
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Remington exited Chapter 11 in less than two months-- public information. That was in May of 2018. Some including Navajo Nation have tried to buy Remington AFTER the Ch. 11, but Remington isn't for sale.

Quote:
Art Van Furniture
Avianca
Avianca Holdings
Bakers Square
Bar Louie Restaurants
Boy Scouts of America
Così (restaurant)
Diamond Offshore Drilling
Earth Fare
Exide
Fairway Market
Frontier Communications
Gold's Gym
Goodrich Quality Theaters
The Hertz Corporation
J. C. Penney
J.Crew
Krystal (restaurant)
LSC Communications
Lucky's Market
McClatchy
McDermott International
Modell's Sporting Goods
Neiman Marcus
OneWeb
Pier 1 (retail chain)
Roman Catholic Diocese of Harrisburg
Stage Stores
USA Rugby
Village Inn
Whiting Petroleum Corporation
XFL (2020)


You can ruminate about the chances for Bakers Square, Exide, Hertz Corporation , J. C. Penney, Sears, airlines / cruise ships / or even Las Vegas-- and that is far more amusing (???) and relevant than imagining about a major firearms company. Remington isn't a strip mall, cruise line, or am amusement park.

The opposite is the case: the firearms industry has seen a massive sales spike due to COVID-19: meaning very good news for Remington, Ruger, S&W, Mossberg, etc., etc. Unlike all other firearms manufacturers, Remington makes ammo-- and ammo sales are through the roof. This isn't tough to figure out.

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http://randywakeman.com/


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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Mon May 25, 2020 12:32 am 
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Joined: Mon Jan 06, 2020 11:27 pm
Posts: 80
Location: Kansas
Just read this whole thread, and knowing what's going on in the world right now my bets are they are fine.

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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Mon May 25, 2020 1:29 am 
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The Ford Motor Company reported total debt of about 155 billion U.S. dollars in 2019. :shock: :shock: :shock:

In stark contrast to Ford . . . who makes stuff few are buying, Remington is essentially debt-free and Cerberus-free. Remington sales of both guns and ammo are jumping like crazy. In cars vs. guns and ammo, a three year old could tell you what is winning. Bigly.

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http://randywakeman.com/


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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Mon May 25, 2020 9:55 am 
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Joined: Mon Apr 09, 2018 2:19 pm
Posts: 500
https://www.statista.com/statistics/215 ... in-the-us/

Interesting data. Shows the ups and downs of firearm production. IMO, comparing firearms companies to other sectors in the economy is a non sequitur. The economic, societal and environmental factors “driving”the automotive industry have little correlation to the firearms business. Firearm sales spikes almost always have the primary driving force of fear, that of our government as well as other criminals.

Is there any proof of Remington's debt-freeness?

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Last edited by mea culpa on Mon May 25, 2020 11:25 am, edited 1 time in total.

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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Mon May 25, 2020 10:57 am 
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Joined: Thu Dec 05, 2013 7:11 am
Posts: 4216
Location: Western Tampa, FL
I am now taking bets on whether Randy W. or Mea Culpa will have the last word on this thread.

Gentlemen, step right up and place your bets! :mrgreen: :roll:


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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Mon May 25, 2020 11:41 am 
Crown Grade

Joined: Sun Dec 17, 2017 9:04 am
Posts: 2837
oyeme wrote:
I am now taking bets on whether Randy W. or Mea Culpa will have the last word on this thread.

Gentlemen, step right up and place your bets! :mrgreen: :roll:


I don`t know, but this is another one that needs to die. Their back and forth is amusing for a while. For a while. I know... I don`t have to keep reading it. Kinda` like a slow motion train wreck, though.

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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Mon May 25, 2020 1:11 pm 
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Joined: Fri Apr 22, 2011 10:46 am
Posts: 8392
Location: Colorado Springs, Co
oyeme wrote:
I am now taking bets on whether Randy W. or Mea Culpa will have the last word on this thread.

Gentlemen, step right up and place your bets! :mrgreen: :roll:


$50 on Randy.


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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Mon May 25, 2020 2:09 pm 
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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Mon May 25, 2020 4:20 pm 
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Sadly, the two-faced kitten named Biscuits and Gravy has died in Oregon.

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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Mon May 25, 2020 5:08 pm 
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Joined: Sun Jan 17, 2016 3:34 pm
Posts: 5859
Ahead, by a nose......


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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Mon May 25, 2020 5:56 pm 
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https://images.app.goo.gl/qaAZGSwmDeZAgT2k8

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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Mon May 25, 2020 6:12 pm 
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https://images.app.goo.gl/KGT3L5cVaZ3ExU128

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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Mon May 25, 2020 6:13 pm 
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Joined: Sun Jan 17, 2016 3:34 pm
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But here comes sourbiscuit!....:-)


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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Tue May 26, 2020 1:08 pm 
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Joined: Thu Oct 17, 2013 10:56 am
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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Fri May 29, 2020 6:48 pm 
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Joined: Mon Jan 23, 2017 9:27 pm
Posts: 150
I have 3 recent remingtons, a V3, a 783 in 308, and R1 enhanced. All have been reliable and trouble free. I sent my V3 (early model) to be fixed because of the blow back issue, which was fixed free of charge. My 1911 was sent back for a stuck external safety spring, again, free of charge. The 783 is about a 1-1.5 inch moa gun. I’m totally satisfied and will buy Remington again. Possibly a 700 in 6.5 creedmore.

I would buy a V3 in 20 gauge in pre-order, if announced. The versaport is a great invention.




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