Where is Remington Going...

[Rustystud]

Friday, I went to the Dixie Deer Classic, in Raleigh, NC just 75 miles from Madison, NC the home of Remington Corporate Headquarters. Remington had a mobile (motor home) type exhibit. The promotional company who made the mobile exhibit was there manning the exhibit. He made it very clear he was not there as a Remington Sales Rep or Remington employee. I was there all day and no one from Remington showed up. It appears to me that Remington can't even get it right at home. Where is their leadership headed with this company. If I was still a Remington stock holder, I would be raising hell.
Nat Lambeth

 

[wapiti25]

They are owned by a corp. that is only going to make what ever money they can out of Remington and dump what is left.

 

[Uthink Uknow]

You aren't an employee and you're raising hell already, Nat. Now cool down. I agree with you and Remington should have had people there manning the display.

 

[hogpatrol]

Interesting read on Remington's money issues:

http://nypost.com/2014/12/23/gunmaker-staring-down-1b-in-debt-as-gun-sales-slump/

 

[jonbearman]

After reading the propaganda from the ny post rubbish it seems the only people who are worried are share holders who set ridiculous expectations based on projected mass hysteria buying in the past 2 years and are hoping it will continue but when it didn't they start projecting the usual mass loss from their previous years to set up another company for failure.

 

[Joe Salt]

Jon Cuomo Forest them out of N.Y. with his unsafe act. Don't blame the for clamming a big loss!

joe Salt

 

[hogpatrol]

After reading the propaganda from the ny post rubbish it seems the only people who are worried are share holders who set ridiculous expectations based on projected mass hysteria buying in the past 2 years and are hoping it will continue but when it didn't they start projecting the usual mass loss from their previous years to set up another company for failure.

Jon, This is not a publicly held company. Cerberus and its investors own Freedom Group, the holding company that owns Remington. Remington borrowed money to pay a dividend to Cerberus' and its investors. . Once the private investors and Cerberus get enough money to make a tidy profit, they'll either declare bankruptcy or sell it at a loss and you the taxpayer will pick up the tab for the writeoff. Meanwhile, they've got their money. I've done my research on these financial engineering vultures. They've done the same with IPA and others. Cerberus is still trying to unload the gun business. If they don't, the next recession, Remington may be a dead corporation walking.

 

[Lapua40X]

Well, if you're an investor, the article makes some good points. The part of it that jumped out at me was "That’s especially true now that the demand for long guns, like the ones Remington makes, has faded." I'm not convinced that the demand for long guns has faded. It may be correct to say that the demand for production long guns has faded, but the demand (IMO) remains. I believe there's just more interest in custom rifles today and many shooters are building those rifles on custom actions or old Remington actions that are being reconditioned for a new lease of life.

 

[kmon]

Well, if you're an investor, the article makes some good points. The part of it that jumped out at me was "That’s especially true now that the demand for long guns, like the ones Remington makes, has faded." I'm not convinced that the demand for long guns has faded. It may be correct to say that the demand for production long guns has faded, but the demand (IMO) remains. I believe there's just more interest in custom rifles today and many shooters are building those rifles on custom actions or old Remington actions that are being reconditioned for a new lease of life.

"like the ones Remington makes" QC issues and trigger issues on the flagship M700 rifle have not helped. The M700 can be a very good rifle, but most require some work to get to shoot like many of their competitors rifles do.

 

[boltman13]

I do not know the particulars on the Remington trigger issue, but I have a strong suspicion that when the market went crazy, and you could sell any rifle to someone, had a lot to do with it. Now that these venture capitalists have milked the company and the market for all they can make they will sell off what's left. Hopefully some group will assume ownership and return Remington to it's former level of quality. An employee owned company with the willingness to hire a qualified gun guy management team would be my solution. Smith and Wesson survived a similar situation years ago. These are not large companies, and are easily bought up, pillaged, and discarded. The products Big Green makes are good when they are made by skilled workers who care and are given the resources to produce quality products. Wouldn't it be great if they started to sell a factory ready F-TR and F-Open Rifle similar to Savage.

 

[snert]

When I consider the acronym laced Remington catalog designating everything from stainless steel to french lace (well, close), i think about how Savage grew...by making a few very good products, with gun guy management, for gun guys, slowly. Now look at them. Never thought I would see the day Remington tanked and Savage was better off.