Sierra Bullets has been sold.:(

[ragsflh]

well if they fail.there ars other bullet manufactures. hope for the best

 

[Rustystud]

It has been my thought when technical companies get bought by investors and bean counters, hiring comptroller's and attorneys to manage their investments the original company suffers in product production. New does not necessarily mean better. The gun companies who are now run by the tennis and golf crowd instead of hunters and shooters have suffered greatly. One company comes to mind, the models 700, 870, and 1100 patents have run and the new clones are better then their parent products. The Manufacture has up graded it's production capabilities but not kept or improved their original products qualities that made them great. When consumers have tried to give them information that would help or restore their products they refuse to listen. "They always know what is best", as their sales dwindle. To go from number one in the market, to near the bottom of the market share. Their stock holders should step in and raise hell for the neglegence and incompetence taking place. The company that I am talking about has a marketing department that looks at all the shooting forums. Take this post to your next management meeting. Listen to what informed consumers are saying about your companies.

 

[Riesel]

Wall Street does not like this company. That might actually be a good thing, ........................or not

 

[Texas10]

If you go to Claruscorp.com and read the "about" tab, this is the first two sentences. I feel it says it all...

Clarus Corporation (NASDAQ: CLAR) is a holding company which seeks opportunities to acquire and grow businesses that can generate attractive shareholder returns. The Company has a substantial cash balances and net operating tax loss carryforwards which it is seeking to redeploy to maximize shareholder value in a diverse array of businesses.

"Tax loss carry forward.... redeployed to maximize shareholder value". To me, this means that when Sierra ends a fiscal year with a profit, those carry forward losses are applied against the profits, paying back investors but denying Sierra monies to use to grow and expand.

Then the bean counters enter the picture once Sierra is no longer "profitable", and cost cutting plans are instituted, usually with layoffs, salary cuts, benefit cuts, and assets sold.

Typically once the company has been bled dry, its lifeless shell is liquidated becoming more carry forward losses, or sold off.

If you want more information, get ahold of Mitt Romney, he's quite experienced at this.

 

[Shawnba67]

Does anyone know anything about any other business's that Clark's has bought? Would be a good indicator of the future.
I do not know anything about Clarus

 

[JimT]

Where did you get your accounting degree? I suspect it was a mail order outfit???

If you go to Claruscorp.com and read the "about" tab, this is the first two sentences. I feel it says it all...

Clarus Corporation (NASDAQ: CLAR) is a holding company which seeks opportunities to acquire and grow businesses that can generate attractive shareholder returns. The Company has a substantial cash balances and net operating tax loss carryforwards which it is seeking to redeploy to maximize shareholder value in a diverse array of businesses.

"Tax loss carry forward.... redeployed to maximize shareholder value". To me, this means that when Sierra ends a fiscal year with a profit, those carry forward losses are applied against the profits, paying back investors but denying Sierra monies to use to grow and expand.

Then the bean counters enter the picture once Sierra is no longer "profitable", and cost cutting plans are instituted, usually with layoffs, salary cuts, benefit cuts, and assets sold.

Typically once the company has been bled dry, its lifeless shell is liquidated becoming more carry forward losses, or sold off.

If you want more information, get ahold of Mitt Romney, he's quite experienced at this.

 

[BoydAllen]

I did a little research on Clarus and was not particularly impressed.

 

[JimT]

You do realize they put up at least $40 million of their own cash for this acquisition, right?

What else makes you "not particularly impressed?"

I did a little research on Clarus and was not particularly impressed.

 

[BOBC]

Guys, relax. This is at least the fourth set of owners that Sierra has had since Snow, Spivey and Harbor founded the company in a Quonset hut tool shop in Whittier way back in 1947. Since then there's been Harris Machine, The Leisure Group and then BHH Management. Aside from I think two of the original founders, none of the subsequent owners have been shooters, just business men and investment groups looking for a profitable company. Sierra has been that, under a variety of different owners. There's good and bad possibilities in every sale. When Walt Berger originally sold the company, it took a nose dive in quality, and moved from AZ to CA (NEVER a good move, in my opinion!). As his name and reputation was still attached to the Berger brand, he put together a group of investors and bought it back. Under their leadership, they restored quality and brought it back to life. It's now one of the most respected American bullet makers, and dominates a sizable share of the line at any competitive shoot for the past several years. When Walt sold this last time, it was to Nammo, who wanted to continue with his commitment to quality, accuracy and innovation. No major changes (aside from the fact that they're FINALLY getting to move back to AZ), and things will continue as they have since Walt and his crew took it back over some years ago. It's a good thing. I suspect that we'll probably see the same thing with Sierra. One thing for sure; Clarus is NOT Cerberus, or any of the other mega investment firms that have had a hand in virtually destroying Remington and several others by bad decisions, made largely by people who were almost totally disconnected from the shooters, and from the shooting community. Take a deep breath, relax, and it'll be okay.

I remember the Leisure Group take over, but Sierra survived it. Their bullet jacket quality took a small decline. Then soon improved with a few employee modifications and the eventual disconnect of the holding company. Kevin is right, I've seen it happen.
I've been doing business with Sierra since 1954. So "TAKE YOUR PACK OFF AND RELAX."

 

[KMart]

Where did you get your accounting degree? I suspect it was a mail order outfit???

For those of us that has gone through a company reorganization or buy out have real world experience. We have seen the aftermath. That is something a college degree could never teach you. For us "uneducated" folks, we face possible pay and benefits cuts and even job loss and relocation. This is how it looks from our side of the street.
How does it look from the other side of the street with a college degree and no real world experience?

 

[Andy Work]

Sierra posted this on their blog site:

https://sierrabulletsblog.com/2017/08/23/faq-new-sierra-bullets-ownership-by-clarus/