User Panel
User Panel
User Panel
|
Posted: 11/17/2014 6:55:08 PM EDT
[#1]
Quote HistoryQuoted:
Hopefully they'll realize they've neglected the civilian market for too long, and correct that. «tc2k11» Quote HistoryQuoted:
Quoted:
Heard the same thing. I bet its just a restructure. Not a total closure. Hopefully they'll realize they've neglected the civilian market for too long, and correct that. «tc2k11» Colt has been much more amendable to the civilian market in the last few years, but I'd imagine that their financial problems are too complex to be fixed by a stronger civilian focus. Even if they pivoted even stronger towards civilian sales, the civilian market is not that favorable right now. |
|
|
|
Posted: 11/17/2014 6:55:17 PM EDT
[#2]
Quote HistoryQuote HistoryQuoted:
Quoted:
Quoted:
With the tens of millions in contracts they are currently working on? what contracts? they lost the M4 to FN. the few 1911's for the USMC? You need to keep up on current events brah. LINK Almost $440,000,000 |
|
|
|
Posted: 11/17/2014 6:57:29 PM EDT
[#3]
Quote HistoryQuoted:
"God created man, Sam Colt made them equal." Colt, killed by UAW. Quote HistoryQuoted:
Quoted:
http://www.thetruthaboutguns.com/2014/11/foghorn/colt-teetering-brink-bankrupcy/ I will flip a freaking gord if they go out of business  "God created man, Sam Colt made them equal." Colt, killed by UAW. lol you cant blame that on the UAW colt hasn't done anything in the last 50 years. kind of like how ruger was in the 90-00's they kept building the same old shit only more cheaply made. |
|
|
|
Posted: 11/17/2014 6:58:18 PM EDT
[#4]
Anybody listed a 6920 for $4,000 yet? If not I'll start the bidding.
|
|
|
|
Posted: 11/17/2014 6:58:25 PM EDT
[#5]
Quote HistoryQuoted:
So are the Chinese going to buy all of the tooling etc on Dec 2 at a fire sale and get the thumbs up from Obama. They don't need it. 
http://www.thefirearmblog.com/blog/2008/09/03/paraguay-army-using-chinese-m4-clone-cq-556/ |
|
|
|
Posted: 11/17/2014 6:58:32 PM EDT
[#6]
Pity , I like Colts
|
|
|
|
Posted: 11/17/2014 6:58:38 PM EDT
[#7]
NIB 6940 for the low low price of $5000.
|
|
|
|
Posted: 11/17/2014 6:58:39 PM EDT
[#8]
|
|
|
|
Posted: 11/17/2014 6:58:57 PM EDT
[#9]
Quote HistoryQuoted:
lol you cant blame that on the UAW colt hasn't done anything in the last 50 years. kind of like how ruger was in the 90-00's they kept building the same old shit only more cheaply made. Quote HistoryQuoted:
Quoted:
Quoted:
http://www.thetruthaboutguns.com/2014/11/foghorn/colt-teetering-brink-bankrupcy/ I will flip a freaking gord if they go out of business "God created man, Sam Colt made them equal." Colt, killed by UAW. lol you cant blame that on the UAW colt hasn't done anything in the last 50 years. kind of like how ruger was in the 90-00's they kept building the same old shit only more cheaply made. True, but some of us refuse to buy Colt on the basic principal that we don't support UAW when there is another option. A UAW free Colt? I'd consider it. A Colt built by the UAW? I don't care what the price point is, I want to punish those Democrat voting bastards and won't buy it. |
|
|
|
Posted: 11/17/2014 6:58:59 PM EDT
[#10]
Quote HistoryQuoted: Good riddance. Colt sucks. Do you even M4 bro? LMT country huh?
|
|
|
|
Posted: 11/17/2014 6:59:30 PM EDT
[#11]
Quote HistoryQuoted:
Maybe they can build a bunch of Pythons out of spares before the last guy turns out the lights.  They would have a tough time building a Python. Those required gunsmiths, not assemblers, and they are probably all retired now. |
|
|
|
Posted: 11/17/2014 6:59:45 PM EDT
[#12]
Bah, they'll just file bankruptcy, leave all of their creditors in the lurch for millions and come out the other side with a couple fewer VP positions, a "streamlined" manufacturing facility and some plastic, bargain basement gun with an incredible marketing campaign.
Maybe Remington will buy them and move them to Alabama.
|
|
|
|
Posted: 11/17/2014 7:00:19 PM EDT
[#13]
Quote HistoryQuoted: Maybe they can file bankruptcy and bust up the union extortion then move to a free state and run profitably..... |
|
|
|
Posted: 11/17/2014 7:01:27 PM EDT
[#14]
Where does a new Colt move to, to escape incompetent management?
|
|
|
|
Posted: 11/17/2014 7:01:27 PM EDT
[#15]
Quote HistoryQuote HistoryQuoted:
Quoted:
Quoted:
With the tens of millions in contracts they are currently working on? what contracts? they lost the M4 to FN. the few 1911's for the USMC? You need to keep up on current events brah. LINK I stand corrected |
|
|
|
Posted: 11/17/2014 7:02:08 PM EDT
[#16]
Quote HistoryQuoted:
Good riddance. Colt sucks. Illinois, eh? 
|
|
|
|
Posted: 11/17/2014 7:03:13 PM EDT
[#17]
I hope Eagle Arms buys the name & IP, that will really tweak the Armalite vs. Colt crowd.
|
|
|
|
Posted: 11/17/2014 7:03:20 PM EDT
[#18]
Hipoint will buy them.
|
|
|
|
Posted: 11/17/2014 7:04:33 PM EDT
[#19]
Quote HistoryQuoted:
Pics of your extensive collection of fine handguns or STFU 13er.  Quote HistoryQuoted:
Quoted:
Good riddance. Colt sucks. Pics of your extensive collection of fine handguns or STFU 13er. Why would he need an extensive collection of fine handguns to comment? |
|
|
|
Posted: 11/17/2014 7:05:03 PM EDT
[#20]
A Colt 6920 is one of the best values for a quality AR out there.
I hope they don't go away. |
|
|
|
Posted: 11/17/2014 7:05:14 PM EDT
[#21]
Quote HistoryQuoted:
Good riddance. Colt sucks. Ooh, so edgy... 
Ain't gonna happen. See sig line. |
|
|
|
Posted: 11/17/2014 7:05:21 PM EDT
[#22]
Quote HistoryQuoted: Funny, the Colt 6720 I just bought has Colt Defense stamped on it. http://i1252.photobucket.com/albums/hh564/ztug/AR%2015/20141111_141112-1_zpszyo8f86r.jpg Quote HistoryQuoted: Quoted: Colt Defense is not the same company as the one that sells to the civilian market (Colt Manufacturing). Funny, the Colt 6720 I just bought has Colt Defense stamped on it. http://i1252.photobucket.com/albums/hh564/ztug/AR%2015/20141111_141112-1_zpszyo8f86r.jpg They re-merged earlier this year.
|
|
|
|
Posted: 11/17/2014 7:05:22 PM EDT
[#23]
Quote HistoryQuoted:
I hope Eagle Arms buys the name & IP, that will really tweak the Armalite vs. Colt crowd. Larry might have a stroke.
|
|
|
|
Posted: 11/17/2014 7:05:49 PM EDT
[#24]
Quote HistoryQuoted:
Hipoint will buy them. Glock should buy them. Just for the fanboy identity crisis. |
|
|
|
Posted: 11/17/2014 7:06:47 PM EDT
[#25]
Quote HistoryQuoted: Glock should buy them. Just for the fanboy identity crisis. Quote HistoryQuoted: Quoted: Hipoint will buy them. Glock should buy them. Just for the fanboy identity crisis. |
|
|
|
Posted: 11/17/2014 7:06:50 PM EDT
[#26]
Quote HistoryQuoted:
Glock should buy them. Just for the fanboy identity crisis. Quote HistoryQuoted:
Quoted:
Hipoint will buy them. Glock should buy them. Just for the fanboy identity crisis. Call the merged company Cock.
|
|
|
|
Posted: 11/17/2014 7:07:33 PM EDT
[#27]
File bankruptcy
Use bankruptcy to remove the union Emerge from bankruptcy Start making quality firearms again Make a profit? Did I miss anything? |
|
|
|
Posted: 11/17/2014 7:08:42 PM EDT
[#28]
Doubt it. However, it would be GREAT news if they did. FUCK UNIONS FUCK UNIONS and FUCK UNIONS! The more UNION shops the fail, the better we are as a country. I would assume a reorganization would break up the Union bloodsuckers.
Oh, and FUCK UNIONS. |
|
|
|
Posted: 11/17/2014 7:09:00 PM EDT
[#29]
Quote HistoryQuoted:
Hipoint will buy them. No one would ever know. No one shoots colt guns to know the difference |
|
|
|
Posted: 11/17/2014 7:09:37 PM EDT
[#30]
Quote HistoryQuoted:
Heard the same thing. I bet its just a restructure. Not a total closure. This. they will probably reorganize under bankruptcy protection. |
|
|
|
Posted: 11/17/2014 7:09:55 PM EDT
[#31]
I thought we discussed this last week.
|
|
|
|
Posted: 11/17/2014 7:11:06 PM EDT
[#32]
Quote HistoryQuoted:
Call the merged company Cock. Quote HistoryQuoted:
Quoted:
Quoted:
Hipoint will buy them. Glock should buy them. Just for the fanboy identity crisis. Call the merged company Cock. That would be one way to market to a whole new demographic now wouldn't it.
|
|
|
|
Posted: 11/17/2014 7:11:23 PM EDT
[#33]
Quote HistoryQuoted:
Why would he need an extensive collection of fine handguns to comment? Quote HistoryQuoted:
Quoted:
Quoted:
Good riddance. Colt sucks. Pics of your extensive collection of fine handguns or STFU 13er. Why would he need an extensive collection of fine handguns to comment? Any shmoe can run his mouth here on GD whether or not he's a gun owning firearms enthusiast. |
|
|
|
Posted: 11/17/2014 7:16:30 PM EDT
[#34]
Quote HistoryQuoted: No fucks given. Springfield 1911 is best 1911 |
|
|
|
Posted: 11/17/2014 7:18:26 PM EDT
[#35]
Quote HistoryQuoted:
Is it made in a foreign country like their xtream dookie models are? Quote HistoryQuoted:
Quoted:
No fucks given. Springfield 1911 is best 1911 Frame and slide are made by Imbel in Brazil, fitted and assembled in America. I would bet Colt frames and slides aren't made here. |
|
|
|
Posted: 11/17/2014 7:20:38 PM EDT
[#36]
Springfield told me at a swat competition that it is all bring made stateside now because of of importation issue.
|
|
|
|
Posted: 11/17/2014 7:21:19 PM EDT
[#37]
Quote HistoryQuoted:
So, is Colt now Tier Chapter 11? 
|
|
|
|
Posted: 11/17/2014 7:22:26 PM EDT
[#38]
Quote HistoryQuoted: No one would ever know. No one shoots colt guns to know the difference Quote HistoryQuoted: Quoted: Hipoint will buy them. No one would ever know. No one shoots colt guns to know the difference  |
|
|
|
Posted: 11/17/2014 7:22:49 PM EDT
[#39]
Here's a good article on why they're failing, and it isn't because of the union. When the "owners" treat it like a cash cow, take out loans and stick the money in their own pockets to the tune of hundreds of millions, then yes, it's going to fail.
Why Colt Can't Shoot Straight Over the next several years, Colt Defense went through the private equity leverage wringer. Sciens Capital and its affiliates loaded the company with debt while taking out cash in the form of “distributions” and “advisory fees.” The 2005 SEC filing shows payouts totaling $40 million over the two prior years—a significant amount for a company in such fragile financial health. In 2006, another SEC filing shows, the company redeemed “members’ equity” worth $41 million. In 2007, Colt Defense agreed to borrow $150 million in a “leveraged recapitalization” that featured distributions to “members” of $131 million. In 2009 it borrowed an additional $250 million, while multimillion-dollar payouts continued. For 2010, Colt Defense had sales of $176 million—more than double what they were in 2004—but registered an $11 million loss. “You didn’t have to work at Colt Defense to know it had put itself in a dire situation,” says Merrick Alpert, a Connecticut businessman who began advising the shriveled remains of Colt’s Manufacturing in late 2010 and later became its senior vice president. |
|
|
|
Posted: 11/17/2014 7:22:52 PM EDT
[#40]
Quote HistoryQuoted:
A Colt 6920 is one of the best values for a quality AR out there. I hope they don't go away. This, I really like my od green magpul 6920. I wanted to get one if FDE down the road as well. |
|
|
|
Posted: 11/17/2014 7:24:14 PM EDT
[#41]
They can always sell the name, like Armalite and Springfield Armory did.
 |
|
|
|
Posted: 11/17/2014 7:24:23 PM EDT
[#42]
Quote HistoryQuoted:
Springfield told me at a swat competition that it is all bring made stateside now because of of importation issue. I have heard this too |
|
|
|
Posted: 11/17/2014 7:24:30 PM EDT
[#43]
I always wonder how come they don't start making snake named wheel guns again. They seem to be worth thier weight in gold.
Anyone have any insight on this?? |
|
|
|
Posted: 11/17/2014 7:25:47 PM EDT
[#44]
Quote HistoryQuoted:
lol you cant blame that on the UAW colt hasn't done anything in the last 50 years. kind of like how ruger was in the 90-00's they kept building the same old shit only more cheaply made. Quote HistoryQuoted:
Quoted:
Quoted:
http://www.thetruthaboutguns.com/2014/11/foghorn/colt-teetering-brink-bankrupcy/ I will flip a freaking gord if they go out of business "God created man, Sam Colt made them equal." Colt, killed by UAW. lol you cant blame that on the UAW colt hasn't done anything in the last 50 years. kind of like how ruger was in the 90-00's they kept building the same old shit only more cheaply made. Lack of cash for R&D due to legacy costs. |
|
|
|
Posted: 11/17/2014 7:26:12 PM EDT
[#45]
It will be a restructure. Pop quiz: what is worth more to the debt holders:
A) a bunch of equipment for making 1911s and AR15s and some spare parts sold at auction (because this equipments is oh so rare and valuable) B) a bunch of equipment for making 1911s and AR15s and some spare parts, and a name that has been around since 1847, that continues to manufacture under a lower cost structure because it now has no debt payments to make and has renegotiated or terminated Union contracts |
|
|
|
Posted: 11/17/2014 7:26:37 PM EDT
[#46]
Quote HistoryQuoted:
Panic buy Colt LE6920's? I belt dollars to donuts that the three in my LGS rack will be gone by Friday.
|
|
|
|
Posted: 11/17/2014 7:26:56 PM EDT
[#47]
Quote HistoryQuoted: Frame and slide are made by Imbel in Brazil, fitted and assembled in America. I would bet Colt frames and slides aren't made here. Quote HistoryQuoted: Quoted: Quoted: No fucks given. Springfield 1911 is best 1911 Frame and slide are made by Imbel in Brazil, fitted and assembled in America. I would bet Colt frames and slides aren't made here. |
|
|
|
Posted: 11/17/2014 7:27:06 PM EDT
[#48]
Sounds like another government bailout time...
|
|
|
|
Posted: 11/17/2014 7:27:11 PM EDT
[#49]
Quote HistoryQuoted: What manner of faggotry is this? Posted Via AR15.Com Mobile LMAO |
|
|
|
Posted: 11/17/2014 7:27:16 PM EDT
[#50]
Quote HistoryQuoted:
Any shmoe can run his mouth here on GD whether or not he's a gun owning firearms enthusiast. Quote HistoryQuoted:
Quoted:
Quoted:
Quoted:
Good riddance. Colt sucks. Pics of your extensive collection of fine handguns or STFU 13er. Why would he need an extensive collection of fine handguns to comment? Any shmoe can run his mouth here on GD whether or not he's a gun owning firearms enthusiast. Walk into any store and compare a Colt with any other comparable gun. I have, and most of the time the competition is priced lower, has more features, and is better finished. I own a Colt and I can tell you the execution of the design and the finish of the product is sub-par at a higher price than it's competition. |
|
|
Win a FREE Membership!
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.
