Drudge Retort: The Other Side of the News
Monday, February 12, 2018

For two centuries, it has been a totem of America's gun culture -- a name emblazoned on frontier flintlocks and U.S. Army .45s. But on Monday Remington Outdoor Co., which traces its history back to 1816, said it would file for bankruptcy protection, succumbing to a slump in business worsened by, of all things, a president who has steadfastly supported Americans' right to bear arms. The bankruptcy is a blow to the private-equity mogul Stephen Feinberg, who has been a prominent supporter of President Donald Trump. Feinberg's firm, Cerberus Capital Management, acquired Remington in 2007 and subsequently saddled it with almost $1 billion in debt. The Chapter 11 bankruptcy filing will let Remington stay in business while it works out a plan to turn around the company and pay its creditors.

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Yeah, it sure appears that this is all Trump's Fault...

"It's not the first time Remington has been in financial trouble; it probably won't be the last," said Richard Feldman, president of the Independent Firearm Owners Association.

"Almost all behemoths end up stumbling over themselves during see-saws in industry cycles. I suspect that if the Democrats make a resurgence this November, gun company stocks will come roaring back with them."

You really need to get your TDS checked.

#1 | Posted by Rightocenter at 2018-02-12 05:25 PM | Reply

How can you go bankrupt selling guns in America?

#2 | Posted by squinch at 2018-02-12 05:58 PM | Reply

How can you go bankrupt selling guns in America?

#2 | Posted by squinch at 2018-02-12 05:58

I asked the same question about casinos.

#3 | Posted by Zed at 2018-02-12 06:00 PM | Reply

Remington has gone bankrupt before. They are run by a bunch of bean counters and were making junk firearms for the last 10 years.

#4 | Posted by Sniper at 2018-02-12 06:04 PM | Reply

Posted by a German mole.

#5 | Posted by SheepleSchism at 2018-02-12 07:33 PM | Reply

How can you go bankrupt selling guns in America?

The president isn't black anymore.

#6 | Posted by ClownShack at 2018-02-12 07:40 PM | Reply | Funny: 1 | Newsworthy 2

$700,000 million in debt after eight years of record breaking gun sales.
Where did it all go? Did they misplace a few tractor trailers of cash?

#7 | Posted by autonomous at 2018-02-13 10:39 AM | Reply

Record breaking sales doesn't mean people were buying Remington. They went from having minimal competition to hundreds of competitors in the AR market alone.

#8 | Posted by sitzkrieg at 2018-02-13 11:25 AM | Reply

$700,000 million in debt after eight years of record breaking gun sales.
Where did it all go? Did they misplace a few tractor trailers of cash?

#7 | Posted by autonomous

I told you they were run by bean counters and making junk. What else do you need to know?

Their high dollar 308 sniper rifle will only shoot 1 1/2 minutes in a 'no wind' tunnel. That is the picture of JUNK!!!!!

#9 | Posted by Sniper at 2018-02-13 01:09 PM | Reply

"The president isn't black anymore".
#6 CLOWNSHACK
I thought orange was the new black.

#10 | Posted by squinch at 2018-02-13 01:16 PM | Reply

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