Trump puts Remington into Bankruptcy

[Sea Dangles]

Wayne,go back to bed and clear your head. If you don't think Americans are buying guns then your cheese slid off the cracker. Did Pontiac go under because Americans are not buying cars?
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[JohnR]

Americans are buying guns. Just now that the America's best Guns Salesmen, Obama and Hillary, are not as prominent sales have receded to normal levels.

Remington had numerous issues:

Costs from lawsuits / trigger recall
Moderate sales
Costs moving from NY to the south
Buying too many companies
Poor management

[Jim in CT]

Originally Posted by Sea Dangles

Wayne Did Pontiac go under because Americans are not buying cars?
Posted from my iPhone/Mobile device

No, they went under because of George Bush.

We have really gone into the Twilight Zone with this thread.

[wdmso]

Originally Posted by Sea Dangles

Wayne,go back to bed and clear your head. If you don't think Americans are buying guns then your cheese slid off the cracker. Did Pontiac go under because Americans are not buying cars?
Posted from my iPhone/Mobile device

Both are effected by market forces and if you think there are enough gun buyers to support gun makers you haven't been paying attention

The company, which owns the famous Smith & Wesson brand, reported a 33% year-over-year decline in quarterly net sales, and profits that sank 65%.

The company also said Thursday that it's eliminated 200 jobs last quarter.

The market is shirnking and the causes are from mutiple directions

And if I know my history the same thing happened pontiac a brand

Amid late 2000s financial problems and restructuring efforts, GM announced in 2008 it would follow the same path with Pontiac as it had with Oldsmobile in 2004 and discontinued manufacturing and marketing vehicles under that brand by the end of 2010.leaving GM to focus on its four remaining North American brands: Chevrolet, Buick, Cadillac, and GMC.