Remington files for bankruptcy

[JB White]

In the "olden days" when a company was bought out, they installed a hatchet man as the CEO. He then trimmed the staff and reduced overhead to give the appearance of a profitable company to lure investors/stockholders. Noticing a decline in quality of product took a few years. Once the trap was set the rats jumped ship.

Nowadays they're playing a slightly different angle. More and more are taking better advantage of the bankruptcies once the real money has already been paid out to "the team". Now comes the sell-offs. Remington still has value as a trade name. All we can hope for is the name goes to someone who cares like the way Winchester brand is a subsidiary of Herstal. (Rem-Howa anyone?)

[S.A. Boggs]

In the "olden days" when a company was bought out, they installed a hatchet man as the CEO. He then trimmed the staff and reduced overhead to give the appearance of a profitable company to lure investors/stockholders. Noticing a decline in quality of product took a few years. Once the trap was set the rats jumped ship.

Nowadays they're playing a slightly different angle. More and more are taking better advantage of the bankruptcies once the real money has already been paid out to "the team". Now comes the sell-offs. Remington still has value as a trade name. All we can hope for is the name goes to someone who cares like the way Winchester brand is a subsidiary of Herstal. (Rem-Howa anyone?)

Sounds about what the National Socialists would like to see happen to America, just look at California, New York and especially Illinois
Sam