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Utopia Talk / Politics / Remington files for bankruptcy
Paramount
Member
Mon Mar 26 06:36:03
The oldest gun manufacturer in the US, Remington Outdoor, has filed for bankruptcy in the wake of slumping sales.

http://www.bbc.com/news/world-us-canada-43540708


What does this mean for America? Why are you not buying guns?
Hot Rod
Revved Up
Mon Mar 26 08:45:24

I wish I could afford a couple.

Dukhat
Member
Mon Mar 26 09:34:23
Just overdose on opiods if you want to kill yourself Hot Rod. Noone will miss you.
Sam Adams
Member
Mon Mar 26 10:47:11
Cuckhat go play counterstrike
patom
Member
Mon Mar 26 11:57:14
The reason Remington is filling for bankruptcy is because they failed to fix an ongoing problem with some of their 'Bolt Action' rifles. Apparently some of them were firing without the trigger being pulled.

Of course the gun nutters are using this to say their sales are down because of the school shootings.
patom
Member
Mon Mar 26 11:58:38
http://www...ent-at-risk-attorneys-say.html
Hot Rod
Revved Up
Mon Mar 26 12:51:48

If I wanted to off myself I could probably do it with Excedrin.

Cold Rod
Member
Mon Mar 26 12:54:50
Weak if you don't.
Hot Rod
Revved Up
Mon Mar 26 12:59:52

Weak if you do.

A coward that changes his tag cannot be too tough.

Cold Rod
Member
Mon Mar 26 13:02:10
Remember about throwing rocks, that discussion we've had?

Throwing rocks, bud. Throwing rocks.
Hot Rod
Revved Up
Mon Mar 26 13:13:41

Yeah you libs have lots solutions for rocks, don't you?


I like the latest solution you have for a pressing need.

Puting a box of river rocks in every classroom so if a shooter comes in with a gun to kill the kids they can throw rocks at him.

Cold Rod
Member
Mon Mar 26 13:17:44
Uh huh. Like pushing the agenda of they should learn CPR instead.

Look the district youre referring is rural and most likely conservative. Maybe you should check that one as a conservative concept.
Aeros
Member
Mon Mar 26 13:57:29
Shame. I own a Remington 700 .30

Guess its a piece of history now.
TJ
Member
Mon Mar 26 14:28:01
If it was manufactured after 1961 did you have the trigger replaced per the recall?
Paramount
Member
Mon Mar 26 14:31:20
I think I had a Remington rifle in Red Dead Redemption.
TJ
Member
Mon Mar 26 14:33:05
"Of course the gun nutters are using this to say their sales are down because of the school shootings."

Reminds me of the test car thread. chuckle
Nimatzo
iChihuaha
Mon Mar 26 15:15:45
"Apparently some of them were firing without the trigger being pulled."

So..guns do kill people? Potentially.
John Adams
Member
Mon Mar 26 15:33:48
"Guess its a piece of history now. "

Was it not before, just because of the name.

It is a combination of factors as to why they are going out of business. Faulty guns isn't the primary.
Billah
Member
Mon Mar 26 17:24:53
Remington 760 - Funnest gun ever
Hot Rod
Revved Up
Mon Mar 26 22:51:42

"The firm, founded more than 200 years ago, filed for bankruptcy protection to cut a deal with its creditors."


They are not going under. This is just a debt restructuring.


"The restructuring plan the firm announced is set to wipe out much of the company's debt burden - and meanwhile the firm, under new owners, is to continue operating. Remington's Chapter 11 filing is unlikely to be the end of the story."

earthpig
GTFO HOer
Tue Mar 27 00:47:17
HR, a BK is more or less the definition of 'going under.'

You will note that you can still get Hostess Twinkies at the corner store, yes? That doesn't mean the original Hostess never went under.
Hot Rod
Revved Up
Tue Mar 27 04:08:54

I heard that Twinkies was sold to another company. Not sure because I don't buy them. I have noticed that Hostess cupcakes are back on shelves. I bought a box a while back to see if they were different and they tasted the same.

I thought Cha[ter 11 was a way to restructure debt without giving up ownership.

Hot Rod
Revved Up
Tue Mar 27 04:17:09

I heard the Twinkies were bought by a different company, but I notice other Hostess products are on the shelves now. I even bought a box of the cupcakes to check them out and noticed no difference.



I guess you are saying a 'bankruptcy'.

I thought Chapter 11 was for restructuring.

earthpig
GTFO HOer
Tue Mar 27 10:13:40
If your income is so low that you can't even make your monthly minimum debt service & credit card payments, much less invest in yourself and/or what you have to offer to the market, and you need to seek special government protection from these creditors coming after you, we commonly call that 'going under.' This applies if you are a person, a company, or a non-profit.

If you are trying to paint lipstick on a pig, you could call it "restructuring," but it's the same thing. IE: "It's not that I got evicted, got my car repo'd, my wife left me, and I'm considering suicide.... I'm 'restructuring,' you see!"
The Children
Member
Tue Mar 27 11:36:56
1880 my man.

call of duty, olympia, 1880 or the argus...god damn those were the days...

Hot Rod
Revved Up
Tue Mar 27 15:49:32

I just got back from Walmarts and it appears that HOSTESS is selling their complete line plus some new stuff like flavored Twinkies.

zavyx
Member
Sat Mar 31 03:35:54
I'll buy 3, I figure that should be enough to kill everyone at the local nova radio station. can I get them sent express post?
Hot Rod
Revved Up
Sat Mar 31 06:39:03

Chapter 11, Title 11, United States Code

From Wikipedia, the free encyclopedia



Chapter 11 is a chapter of Title 11 of the United States Bankruptcy Code, which permits reorganization under the bankruptcy laws of the United States. Chapter 11 bankruptcy is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities.[1] In contrast, Chapter 7 governs the process of a liquidation bankruptcy (although liquidation can go under this chapter), while Chapter 13 provides a reorganization process for the majority of private individuals.


http://en.wikipedia.org/wiki/Business

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