And part would want to dance on their grave. When was the last time you saw any Colt in a gunshop cabinet for less than four figures?
Colt could default on bond repayments
Elsewhere there’s a link to a WSJ article that might be a bit more authoritative, but it’s behind a login wall so screw’em.
Colt got fat and happy selling rifles to the feds and didn’t need them dirty hoi polloi anymore – until they did. So like I said, part of me wants to say screw’em. Part of me also wants one of them SAAs with the black grips and the prancing pony. Uncle Joel is ambivalent.
I wonder whether they will suddenly be found to be too big to fail (TBTF)?
With 1033 working flat out to transfer military goods to the cops, so that crony companies can be given big orders to fill those emptying military warehouses with new stuff – colt’s inability to stay in the black indicates a clear inability to organize a fe*k up in a brothel.
They deserve to be liquidated, someone else will manufacture the good bits and pieces.
Apparently Colt’s big problem is that they lost the contract for M4s a year ago, and that’s their only major product.
Never lusted after Colts products. My old issue M16A2 was made by FN USA.
They can’t build Pythons, Anacondas and Diamondbacks anymore so screw ’em. Die and let the industry pick over their bones.
The arrogance that accompanies massive government subsidizing brought this on.
Colt shat upon the consumer many moons ago and continues to do so. An AR15 shouldn’t be $1500, Colts are just now coming down to the $1200 to 1300 level here, and I have a (insult of all insults) Smith & Wesson M&P 15 that shoots tighter than any Colt I have ever handled. I paid $699 for it in Fountain Valley at a time when Colt refused to ship to California for any price unless to a law enforcement agency.
I was looking at a 1911 Commander at Turners the other day: $999.00 on sale. I bought a Sig 220 for $40 less.
Colt’s sales are sagging because they are way over priced.