Well remington pulled it off-

[Hohn]

gluttony is a sin and hoarding is a mental affliction

The sin of gluttony is generally considered specific to eat and drink.

https://www.christianity.com/wiki/s...gluttony-its-definition-and-consequences.html

 

[riflewoman]

This is about the same time they brought out the .280 Remington, and failed on that launch also. The .280 has the opportunity to beat the pants off the .270 Winchester and a corporate decision doomed it to mediocrity. It was loaded to much lower pressure than it and the guns it was chambered in would reliably handle. The reason they gave was to keep the pressures lower for use in the fairly new Model 740 autoloader, however this gun was available in .270 WCF so their reasoning held no merit. What they did right on the .280 was they moved the shoulder .050" forward to keep it from chambering in any .270 WCF.

to my knowledge the 740 or 742 was never chambered in 270. Primarily because the 270 was popularly reloaded with 4831 powder. Case rims were torn off. When they were making the 7400 that chambering was a problem especially ially with foreign made ammo.

 

[mensajd]

to my knowledge the 740 or 742 was never chambered in 270. Primarily because the 270 was popularly reloaded with 4831 powder. Case rims were torn off. When they were making the 7400 that chambering was a problem especially ially with foreign made ammo.

Based upon your posts, I presume you are an informed participant in this and other threads. What do think about Remington (corp) and its management? Or Cerberus in particular?

 

[wagonman]

Yeah, some do but I bet that a hell of a lot don't.

im thinking you dont have any kids or grandkids

 

[shoot4fun]

Based upon your posts, I presume you are an informed and thoughtful participant in this thread. What do think about Remington (corp) and its management? Or Cerberus in particular? Sincere query.

The money Cerberus lost in the Remington fiasco was pension fund investments. Many teacher's pension funds (among others) were invested in them and after Sandy Hook they (funds) wanted out of the gun business. This sounds odd but, in actuality, hedge funds make money off bankruptcy. It's likely they already siphoned off all the good and are leaving the bones behind.
Some of the players at Remington came from the company I worked for. You may ask why they left where I worked. It took a while but someone finally paid the price for a big mess they made there. Besides, would you really put the truth in your resumé's? Nope!
Plus, being in the industry, I had occasion to interact with some of the "key" people who were the "face" or Remington with the people who actually shot rifles. They were obnoxious, rude and full of.....well, you know. Then there were the ones who were charged with "go-to-market" strategy. OMG, they didn't have a clue! Some of those decisions were real nuggets. Cutting off sectors of the pipeline in favor of big box stores? Telling independent dealers they will have to buy from distributor while the big boxes get basement pricing.
Remington still hasn't figured out what Ruger has; we want relevant products and whoever puts relevant products on the market at attractive prices wins our business.

 

[antelopedundee]

im thinking you dont have any kids or grandkids

2 kids who really don't shoot and 2 granddaughters over 10 who aren't interested yet and a 2 1/2 YO grandson.

 

[riflewoman]

Based upon your posts, I presume you are an informed participant in this and other threads. What do think about Remington (corp) and its management? Or Cerberus in particular?

Well, when I worked there very briefly it was when DuPont owned it. So.... The management then was neither old school nor “modern”. They were mostly shotgun people. Most of the development effort was shotguns at the time. Rifles got short shrift IMO. I would classify them as. “caretaker” management. Make sure it made money and don’t make headlines. So...that said...

The current management is typical of a “modern” holding company management. Load it up with debt, then strip the assets, and stuff everybody else. Unfortunately the financial markets reward these cheeseheads.

 

[Jim Bridger]

Many American corporations are preparing for a Recession. Closing plants and reducing inventorys' is preparation for filing for Bankruptcy protection. Remington has survived all manner of disasters.

 

[theMadAlaskan]

.22 LR ammo? A box of 50 would last me 3 lifetimes. .

A friend and I will go through 1000 in an afternoon along with a whole bunch of 9mm and 45. He has a dynamic, pop up target system he designed and built himself. It runs on compressed air and has five different programs. Beats the heck out of yard work!

 

[JimT]

Well, when I worked there very briefly it was when DuPont owned it. So.... The management then was neither old school nor “modern”. They were mostly shotgun people. Most of the development effort was shotguns at the time. Rifles got short shrift IMO. I would classify them as. “caretaker” management. Make sure it made money and don’t make headlines. So...that said...

The current management is typical of a “modern” holding company management. Load it up with debt, then strip the assets, and stuff everybody else. Unfortunately the financial markets reward these cheeseheads.

So you think banks make loans to a company only to watch them sell the valuable assets, the earnings upon which would pay the loan back, and then have to write the loan off in bankruptcy? I don’t think so! That’s why they have loan covenants.

 

[Twicepop]

to my knowledge the 740 or 742 was never chambered in 270. Primarily because the 270 was popularly reloaded with 4831 powder. Case rims were torn off. When they were making the 7400 that chambering was a problem especially ially with foreign made ammo.

I did a little quick research, and from what I can find you are absolutely right, I stand corrected.

 

[JimT]

I tell ya, the more I read on this thread the more I believe a great number of commenters here have the same level of business knowledge as Maxine Waters has about firearms!!

 

[jdh47]

If I'm remembering correctly the problem with the 740 and 748 not being able to handle the .270 pressures is why they came out with the .280. I think I remember Jack O'Connor writing something about that in one of his books. Could be wrong and if I am I'm sure somebody will set it straight.

 

[jimmymac]

I tell ya, the more I read on this thread the more I believe a great number of commenters here have the same level of business knowledge as Maxine Waters has about firearms!!

Count me in as one of those. Most folks are simple people just trying to make a life and end up as puppets. It stings when you've been kicked in the balls and thrown to the curb by a big corporation somewhere along the way. The little guy always takes it on the chin when these big entities take a shit.

 

[SPQR70AD]

that’s exactly my point. If they pimped the .260 hard enough and supported it with an abundance of ammo options and twists then the 6.5CM would be mute. The .260 Rem would have been king. But they abandoned it like they do all their designs.

another round they ruined was the 30 AR remington. they tweaked the AR design a little bigger but nothing like an AR 10. you had 300 savage performance with that round. think of necking it to 6mm 6.5 mm 7mm. if Remington had developed the 30-06 round they would have destroyed it and it would never have been heard of

 

[SPQR70AD]

The money Cerberus lost in the Remington fiasco was pension fund investments. Many teacher's pension funds (among others) were invested in them and after Sandy Hook they (funds) wanted out of the gun business. This sounds odd but, in actuality, hedge funds make money off bankruptcy. It's likely they already siphoned off all the good and are leaving the bones behind.
Some of the players at Remington came from the company I worked for. You may ask why they left where I worked. It took a while but someone finally paid the price for a big mess they made there. Besides, would you really put the truth in your resumé's? Nope!
Plus, being in the industry, I had occasion to interact with some of the "key" people who were the "face" or Remington with the people who actually shot rifles. They were obnoxious, rude and full of.....well, you know. Then there were the ones who were charged with "go-to-market" strategy. OMG, they didn't have a clue! Some of those decisions were real nuggets. Cutting off sectors of the pipeline in favor of big box stores? Telling independent dealers they will have to buy from distributor while the big boxes get basement pricing.
Remington still hasn't figured out what Ruger has; we want relevant products and whoever puts relevant products on the market at attractive prices wins our business.

Cerberus dont lose any of their money they lose other peoples money

 

[Nature Boy]

Seems like a good opportunity for an individual or group to buy the plant. Anyone wanna go halfsies?

you’d have to take the debt along with the assets.

 

[Texas10]

you’d have to take the debt along with the assets.

Na!...we'll get a forgivable Covid loan to cover the liabilities. Everyone is doing it, so why not? One guy took millions and bought a Ferrari, or was it a Lambro?

 

[Nature Boy]

A lot of what people think they know about how business works they learned from watching movies from the 80’s

 

[300_whisper]

A lot of what people think they know about how business works they learned from watching movies from the 80’s

It’s just a lot of coke, strippers, and yelling sell, sell, sell.

#businesslife