Well remington pulled it off-

[Kracken McGraw]

I was taking a cheap-shot above about the core-lokt deer hunters.But Whoa! What about our 7 1/2 primers, tell me there not going to be gone!

 

[Nick Caprinolo]

For some strange reason, Remington is $750,000,000 in debt. Because of pressure from the political left, some major banks are not investing in anything to do with the firearm industry. Remington tried to restructure their debt but could not find the money. Having a major plant does not mean you can purchase supplies to operate it. Having major debt means you have no operating capitol and are most likely late in paying bills. Too much of that and no one will sell you the necessary supplies.

Another major problem for Remington is the current law suit which the courts have ruled can go forward. They are being sued simply for being the manufacture of a firearm that was used in a mass shooting. With that threat sitting there just waiting for a major hit, no one wants to help them. Who wants to invest, in a company facing hundreds of millions of dollars, in settlements.

As far as hoarding, Many serious rim fire shooters will buy large quantities of ammo just like re-loaders buy powder, bullets and primers. They want the same batch of supplies, pursuing accuracy. Send a rim fire rifle to Lapua for testing and after finding the best match for your rifle, you must buy at least 10,000 rounds of that batch. A serious competitor will burn that up in a year.

Of course there are those who really are hoarding for no good reason. They go into a Walmart and buy up anything on the shelf. They don't care that it might not be the most accurate ammo for their rifle. Just like toilet paper, those who had plenty on hand, bought anything left on the shelf, not caring if it was soft or thin or suited to their septic system. I saw signs in stores that stated "No Returns on paper products." Now ain't that something? When was the last time any of you ever returned a roll of toilet paper, for a a refund.

Lastly, folks have lost confidence in Remington. At a time when dealers can't keep enough inventory on the shelves, Remington is forced to offer prices that have been discounted to a new low and additional extra rebates, on some of their most popular models.

 

[Joe Maisto]

There’s going to be a lot of sad core-lokt deer hunters.

And that is a fact! In my opinion, that was the premier bullet design for deer. I preferred the round nose as opposed to the PSPCL. ( for woods hunting).

 

[MGYSGT]

When it's all over, we will see the CEO and the Board of Directors will have walked away with Millions.

 

[300_whisper]

When it's all over, we will see the CEO and the Board of Directors will have walked away with Millions.

Its written in most CEOs contracts that if they are fired or let go early for X, Y, Z reason they will receive a guaranteed certain amount of money. The board does this so the CEO is willing to assume risk and make big decision in the interest of increasing profit margins. That’s why to outsiders when a company goes under we all look and say “what were they thinking?!” Well they got paid to make a decision and it was the wrong one. It seems straight forward to us bc hindsight is 20/20. Also with remington you have to remember their audience isn’t us.

Their audience are the mom and pop general population U.S. hunters who are happy shooting 2 MOA with Simmons scopes. We are a minority among shooters. I work with guys who classify themselves as gun nuts and shoot all the time, but didn’t realize that their are other scope companies out their beside luepold, or that you can’t just buy any ammo and expect it to shoot in your gun, or the ammo with the highest price tag and velocity is not necessarily the best. These are the people remington caters to, not us. So when we see them make decisions, we think they are insane, but they are trying to sell to the common hunter/shooter.

 

[rmr]

As far as hoarding, Many serious rim fire shooters will buy large quantities of ammo just like re-loaders buy powder, bullets and primers. They want the same batch of supplies, pursuing accuracy. Send a rim fire rifle to Lapua for testing and after finding the best match for your rifle, you must buy at least 10,000 rounds of that batch. A serious competitor will burn that up in a year.

+1

i won't even bother buying rimfire in Qty's less than a full case. it isn't at all unusual for me to burn 600rds running pistol drills in a single range session. 15k might get me thru a summer, often times not. some of us are not hoarding, we just need enough to make it through the year / next without going broke with the astronomical prices.

 

[antelopedundee]

The plant is ready to go and sitting on enough material to make a mint. Never got ramped up- i mean this shortage was kinda hard to see

They may not be allowed to use any of it until it's paid for.

 

[antelopedundee]

If a box of 50 of anything is enough to last you 3 lifetimes, you are not much of a shooter.

Not .22RF at least. NO INTEREST in shooting that stuff.

 

[antelopedundee]

+1

i won't even bother buying rimfire in Qty's less than a full case. it isn't at all unusual for me to burn 600rds running pistol drills in a single range session. 15k might get me thru a summer, often times not. some of us are not hoarding, we just need enough to make it through the year / next without going broke with the astronomical prices.

I understand that, but I was talking about the average person who might shoot a box a year.

 

[rmr]

I understand that, but I was talking about the average person who might shoot a box a year.

true enough.

this is my 5th "panic" and is shaping up to be a real winner. (not in a good way) I'm wondering if i bought enough to ride it out? i guess i'll find out one way or another.

its a real shame about Remington. I hate to see a company basically being held down by a tag team of politics, mismanagement, and debt.

 

[Rsadams]

Once they screwed up the 870 the writing was on the wall...

 

[WyleWD]

Once they screwed up the 870 the writing was on the wall...

+1 Agree, and when they did not and would not offer a 6br (or something similar) to compete with the Savage M12 in 6br they might as well have turned out the lights then. JMHO. WD

 

[antelopedundee]

+1 Agree, and when they did not and would not offer a 6br (or something similar) to compete with the Savage M12 in 6br they might as well have turned out the lights then. JMHO. WD

Has Remington or any of the other big names done anything of significance to cater to or cash in on the long range shooting market?

 

[antelopedundee]

true enough.

this is my 5th "panic" and is shaping up to be a real winner. (not in a good way) I'm wondering if i bought enough to ride it out? i guess i'll find out one way or another.

its a real shame about Remington. I hate to see a company basically being held down by a tag team of politics, mismanagement, and debt.

Loading up on match grade ammo makes more sense than stocking up on Bullfrog brand budget ammo, tho I suppose some folks have a legitimate need for quantities of that as well.

 

[Dgd6mm]

Hoarding is a Luxury...

 

[riflewoman]

Sell it to Hornady.

 

[300_whisper]

Has Remington or any of the other big names done anything of significance to cater to or cash in on the long range shooting market?

5Rs, SPS tactical, XCR tactical, Sendero (older I know), 700 Long Range, and their custom stuff is awesome but I’m not paying $6k for a remington when you can get a GAP for $4k. Their issue is they keep taking away proprietary cartridges or offering them in crappy twist rates. Think if they fully supported the .260 or the .338 RUM? The 6.5CM and .338 Lapua would be “Meh” if remington went 100% full throttle with it. But instead they offered 120 Grain bullets with 1:9 twists and 250 grain core Lokts for the rum in crappy pencil thin barrels in plastic stocks. You could probably film a 700 .338 rum and watch it whip around on normal speed.

 

[hoz53]

They get the award for the worst run company in the world. In the time of probably the worst shortage of ammo in history, while other companies are building new plants and lines to keep up, remington’s ammunition plant in lonoke, ar will close its doors. The employee’s last day is the 29th. If they had half a brain they could keep the company afloat right now with 22lr and 223 ammo. Add in the pistol ammo and the shot tower they have they can put out a staggering amount of ammo per day if they only had a chance.

I wonder how long it will be before they shut down firearm manufacturing. whats the future of the 870 and the 700 look like-- seems pretty cloudy right now

 

[JMayo]

I believe The law suits made them have to go bankrupt. No other choice but close. They'll come back with a name change.

There is no shortage of Eley 22. You can buy all this you want to buy...

 

[Twicepop]

You must not shoot much, a box of 50 is just enough to make me mad.

I call it the milk and bread syndrome, let the weather report say snow, especially where I live because we rarely get it, and milk and bread disappears from the stores, same with guns and ammo, let someone say pandemic or democrat in the White House, and poof, there gone.

I think that if things really did get bad, let's say this pandemic had a 50% death rate, the economy collapses and your currency was of no value, you would need things to barter, guns and ammo will be almost as valuable as food and water, you wouldn't be holding off the national guard, you'll be holding off your neighbors.

If this thing called the "American Project" would happen to crash and burn for whatever reason (pandemic, Democrats finally push it over the edge) ammunition will become the next currency. Back when Barry Soetoro found his way into the White House, several of the big account money managers backed up that sentiment. Green backs will be like the currency was in the Weimar Republic, it became cheaper to burn it for heat than the amount of coal they would purchase for the same effect. I've seen pictures of people with a wheel barrow full of that money just to by a loaf of bread. Think it can't happen again, we haven't had anything to back up our money since Nixon took us off the Gold Standard, what we have now is Fiat Script.