Gunmaker Remington to file for bankruptcy

U.S. firearm manufacturer, Remington Outdoor Company, said it will file for Chapter 11 bankruptcy protection, but stay in business throughout the process.

"Difficult industry conditions make today's agreement prudent," said Jim Geisler, Remington's executive chairman, in a statement released by the company on Monday.

The company has been dogged by falling sales after one of its rifles was used in the Sandy Hook Elementary School massacre of 2012.

The restructuring will help the company to cut its debt by around $700 million and inject $145 million in new capital into its different units.

Remington said its business operations will not be affected by the restructuring.

Remington is owned by Cerberus Capital Management, but according to reports, once the restructuring process is over, the private equity firm will no longer own the company.

Remington could not immediately be reached to comment on its relationship with Cerebus in future.

Link: http://www.foxbusiness.com/markets/2...ankruptcy.html

Bullshit on the reason why, there have been record gun sales for like the past few years. Every mass shooting caused a spike in sales from fears of regulation. Any company that couldn’t make it that market is just badly run.

I love Remmy, and I hope they come out of this better. I know it isn’t a gun brand for snobs.

BKB

I was thinking the same thing Barry..."Bullshit on the reason why"

I did notice at walmart the other day Remington cost a lot more than off brand shotguns?

I call BS on Sandy Hook as well. Remington is struggling in sales because they produce crap and have for a long time. I used to be a die hard Remington fan. I couldn't buy enough of their guns. Then somewhere in the 90's their quality control all but evaporated and they haven't produced a firearm of any kind that I have wanted to buy since. They make junk and those that care about quality rifles, handguns, and shotguns know it. I hate to see them file for bankruptcy, but I doubt anyone that follows the gun industry closely is surprised in the least. I'm actually surprised it didn't happen sooner.

Quote:

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Originally Posted by airbud7

I was thinking the same thing Barry..."Bullshit on the reason why"

I did notice at walmart the other day Remington cost a lot more than off brand shotguns?

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I don’t follow prices as I don’t trade or buy guns much any more. But you may have hit the nail on the head. Remmy was always to me an ‘everyman’ gun. I hunted a ton with an old 870 (I have four in my safe) and my buddy hunted with a Win 1912, both of which were all we could afford and both of us fell in love with. My two favorite rifles are Remmys. One an old 742 and the other a model 700. Both were pretty cheap cost wise. Sure, there are higher quality guns by other manufacturers, but it would be hard to find a better value than Remington.

I noticed them being overpriced first on their ammo. Way too expensive for what you get. I guess everyone can afford Brownings and Tikas now and there is no place for a gun that can double as a boat paddle when you need it.

BKB

Well I think they also took it in the shorts from Savage and Ruger, you can get rifles from either for less that are much better quality wise. Also when was the last time they came up with any innovative products.

Same reason Gibson, the guitar manufacturer is about to go tits up.

Hate to hear this, at one time I was a Remington fan. Long time ago...

We've all changed with the times and with age. Remington did too. At one time they were an energetic bunch and could be counted on to come up with a new design every decade or so that would make their rifles or shotguns less expensive to produce but also decent quality. I haven't heard much of that stripe out of them for a long time.

But you have to admit that the market changed dramatically since we were yonkers. Who among us would have been caught dead in the deer woods with an AK? Aside from the occasional 742 who even used auto rifles back then? Military rifles are in vogue. Mountain rifles cut a significant portion of the market off from the traditional Remington/Winchester market as well. Then add getting bought out by a bunch that specialized in draining capital from a company, declaring bankruptcy, and walking away from the corpse with millions in fees? Not good...

Ah well. I haven't bought a rifle since 2008. Haven't been tempted since then. I doubt I'll ever wear that one out.

Will

Y’all certainly know better than me as its been years since I’ve bought a Remington product, probably 2000.
I think my thoughts about Remington stem more from nostalgia probably.
And should I get the bug to buy, I’ll probably avoid that brand.
Like Red Ball rubber chestwaders. I think of them and smile but I wouldn’t be caught dead in a pair of those deathtraps these days.

BKb
B

Quote:

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Originally Posted by Trav

Well I think they also took it in the shorts from Savage and Ruger, you can get rifles from either for less that are much better quality wise. Also when was the last time they came up with any innovative products.

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Ah.... versa-max is the shit!
Little to no recoil on a 3 1/2 inch mag round.
Stack 2 3/4, 3 and 3 1/2 inch round in the mag anyway you want to the gun will chamber them and shoot whoever goes in the chamber with recoil about the same on each.
I’ll take a 700 action over ANY brand out there.
And I’m the smart one in this group... ;)

Jarrett Rifles over in Jackson uses a 700 for a lot of there custom rifles...

http://www.jarrettrifles.com/

They made Dale Earnhardt Sr and Neil Bonnett one of a kind rifles back in the day...

Dam they high!

Attachment 9889

I know Kenny personally. He has built six rifles for me over the years

The reason Captain, Kenny Jarrett, and myself use Remington actions for custom rifles is because none of the rest of the rifle is worth keeping. The trigger need to be replaced. The barrel is a crap shoot anymore. It used to be the standard of accuracy for factory rifles, not anymore though. The stocks they use for their rifles are worse than junk when it comes to the synthetic rifles. They don't even make for an adequate paddle. The wood stocks are slightly nicer, but usually poorly inletted. On top of that, any company that produces that abortion they call the Remington 710 shouldn't be allowed to show their face in public. I imagine Savage was thrilled to see Remington do that as they could no longer be called the ugliest rifle action out there.

Where's Gunther? This SHOULD draw him out of hiding! What happened with him anydamnway? Did I miss something? Or did I simply forget? Did he just run oft?

He’s hiding somewhere in a big lump of armpit hair.

The best description I ever heard of him was he was an armpit with eyes. It still makes me lol to this day.

BKB

Quote:

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Originally Posted by Big Skyz

The reason Captain, Kenny Jarrett, and myself use Remington actions for custom rifles is because none of the rest of the rifle is worth keeping. The trigger need to be replaced. The barrel is a crap shoot anymore. It used to be the standard of accuracy for factory rifles, not anymore though. The stocks they use for their rifles are worse than junk when it comes to the synthetic rifles. They don't even make for an adequate paddle. The wood stocks are slightly nicer, but usually poorly inletted. On top of that, any company that produces that abortion they call the Remington 710 shouldn't be allowed to show their face in public. I imagine Savage was thrilled to see Remington do that as they could no longer be called the ugliest rifle action out there.

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This was going to be my exact rebuttal.

100% correct on the 710

It was an abomination

Quote:

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Originally Posted by Captain

I know Kenny personally. He has built six rifles for me over the years

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That's cool stuff Cappy....there shop is about 5miles from me...(Beech Island)

My very first deer rifle, that was really mine, was a 700 BDL in 30-06. Gorgeous piece of wood and steel for a 13 year old kid. My dad bought it for me as “payment” for me helping him remodel a guys basement (my baptist preacher Dad wore many other hats).
Unique thing about that rifle, it was an LH model. Fast forward from 13 years old to 27 years old.... and my hungry kids and the light company neeeded that fun more than I did. I pawned it for $180 (Best I can remember). Never got it back.

I went to a gun shop last Sunday and I saw a 700 BDL, and the tag hangin on it said $849.
Which didn’t include the scope, the sling, or the case that I left at the pawn shop.

Remington also stopped making LH 700 BDL’s.

same here Arty^ ....when I turned 30/31 I had a good income again and bought all my favorite guns again brand New! .....then some Thief broke in my house and stole it all...Grrrr

I'm on round 3 now! ....walmart looks good $$$

cheap yes but dam I love a little Marlin 30-30 with scope

https://i.ytimg.com/vi/9cE3OT3icFM/maxresdefault.jpg

Nice looking good king shooting iron AB. The first deer I ever killed with a rifle was a Marlin 336 chambered in .35 Remington. Other than my trusty model 870, that’s as close to a Remington rifle I’ve ever owned.


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Originally Posted by Chicken Dinner

Nice looking good king shooting iron AB. The first deer I ever killed with a rifle was a Marlin 336 chambered in .35 Remington. Other than my trusty model 870, that’s as close to a Remington rifle I’ve ever owned.


Sent from my iPhone using Tapatalk

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sounds stupid but I'd take an 870 over a 1100 any day ...gotta love a pump...

this $147.00 Stevens Model 320 Field Shotgun looks good...your thoughts?

https://www.walmart.com/ip/Stevens-M...0556#read-more

edit: some reviews

Fantastic shotgun
10/13/2017
Average rating:5out of5stars, based onreviews
by YoBoy
Fantastic shotgun for the price. The pump is a little rough, meaning you have to pump hard to avoid a jam. It is smooth to shoot and very nice to carry, as well as shooting straight. I have used it with great success hunting ducks and upland bird. The gun comes with a modified choke. I've tried using it for deer, shooting rifled slugs, but it's only accurate out to about 40 yards. Easy to clean, easy to assemble. No advanced accessories available, like a rifled barrel. You can do smaller accessories, like slings, etc. Not a better gun in the price range.

2
I bought the Stevens 320. when my local had it on rollback, it was a great deal. It is well made, and light enough ( the Pardner while a great shotgun is very heavy). It fires nice. I cleaned it and lubed it before I shot it, you should too. I can find some accessories but it is not real easy. I got it for home defense and maybe turkey on shot and javalina on slugs. I am very happy. Walmart had their asst-manager tape the box closed and escort me all the way to my car, which I think is smart and safe on their part. I was impressed with Walmart here. Some others at the counter were waiting forever for approval, mine came back in 5-8 minutes, and we started on the paper work. Remember they cannot sell until they get the approval on your background check and be patient.

I got my 700BDL in 85 or so. It's been rock solid all those years. Hardrock (From Bubbles fame) did a quick trigger job on it for me back then and I've been very happy with it. It's been accurate as hell, easy to shoot and real dependable. It sucks to see a sort of flagship company bite the dust because they couldn't look far enough down the road.

I still have my Left Handed 270, 700BDL that I bought new in 1979,but don't shoot it much anymore. #3 took my LH Browning 7mm08 Stainless Stalker and my goto rife today is a LH Montana Rifle Co. 308.
But I did buy a Remington last fall, love the gun, one of the best made shotguns I own, and it only 3 years younger than me. 1947 Model 31 TC., goes real well with my 1914 Winchester Model 12. :wink
https://i.imgur.com/x0ImfAD.jpg

I won a Remington 11-87 Premier about 20 years ago at a DU banquet. The thing would shoot fine, but you could not manually extract the round from the chamber. It was impossible to open the bolt to extract the unfired found unless you basically slammed the gun onto something while trying to open the bolt by hand.

I took it to a gunsmith friend on mine who discovered that the finish work on the chamber was a shitty job. There was a burr left in the metal that would snag into the the hull of the shell and hold onto it. There was enough force when the gun was fired to eject the empty, but you just could not get the bolt to open by hand with an unfired shell in the chamber. After a little mill work by him, he got it smoothed out and it's been my go to duck, goose, and rabbit gun ever since.

The Versa-Max may be the shit, but the prices are ridiculous at $1000+ .

Quote:

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Originally Posted by airbud7

this $147.00 Stevens Model 320 Field Shotgun looks good...your thoughts?

https://www.walmart.com/ip/Stevens-M...0556#read-more

edit: some reviews

Fantastic shotgun
10/13/2017
Average rating:5out of5stars, based onreviews
by YoBoy
Fantastic shotgun for the price. The pump is a little rough, meaning you have to pump hard to avoid a jam. It is smooth to shoot and very nice to carry, as well as shooting straight. I have used it with great success hunting ducks and upland bird. The gun comes with a modified choke. I've tried using it for deer, shooting rifled slugs, but it's only accurate out to about 40 yards. Easy to clean, easy to assemble. No advanced accessories available, like a rifled barrel. You can do smaller accessories, like slings, etc. Not a better gun in the price range.

2
I bought the Stevens 320. when my local had it on rollback, it was a great deal. It is well made, and light enough ( the Pardner while a great shotgun is very heavy). It fires nice. I cleaned it and lubed it before I shot it, you should too. I can find some accessories but it is not real easy. I got it for home defense and maybe turkey on shot and javalina on slugs. I am very happy. Walmart had their asst-manager tape the box closed and escort me all the way to my car, which I think is smart and safe on their part. I was impressed with Walmart here. Some others at the counter were waiting forever for approval, mine came back in 5-8 minutes, and we started on the paper work. Remember they cannot sell until they get the approval on your background check and be patient.

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I'm not familiar with it AB. I do know I'll never buy another Mossberg. I got one for my older boy the Christmas he turned 15 and it's such a piece of crap I'm afraid to let him hunt with it. He did a science fair project with it that winter involving choke tubes, pattern density and velocity or some such. Shooting that thing off a rest at a patterning target the action would spring open every time you shot it unless you held it closed with your off hand. WTF!

Quote:

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Originally Posted by Chicken Dinner

I'm not familiar with it AB. I do know I'll never buy another Mossberg. I got one for my older boy the Christmas he turned 15 and it's such a piece of crap I'm afraid to let him hunt with it. He did a science fair project with it that winter involving choke tubes, pattern density and velocity or some such. Shooting that thing off a rest at a patterning target the action would spring open every time you shot it unless you held it closed with your off hand. WTF!

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What model? I’ve got an 835 ulti- mag (3 1/2 inch ball buster) that I really like.
I even spent the coin for a slug barrel for that gun that I took a deer with down at Radford.

I think it’s a Model 500.


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