July 29, 2020, 10:33 AM
BBMWGunmaker Remington faces default as Americans buy fewer firearms
IIRC, and I don't follow these too closely, TC had a niche with single shot large caliber pistols, and black powder rifles. If those markets are still viable, I don't see why they couldn't keep those going. They were expanding into conventional bolt guns. If Smith bought Remington, that would likely go away.
quote:
Originally posted by Il Cattivo:
quote:
They do okay in the AR market, but that's pretty much it. With Remington, they have the very well established bolt gun and shotgun lines, and they'd also get Marlin.
For good or for ill, that would probably be the end of the T/C bolt action rifles. Still, it's an intriguing proposition.
July 29, 2020, 10:44 AM
jljonesRemington has several federal contracts for ARs.
July 29, 2020, 11:36 AM
Il Cattivoquote:
If Smith bought Remington, that would likely go away.
On reflection, I suppose the upside is that Remingtons would get T/C barrels.
July 29, 2020, 11:38 AM
x0225095A Ruger rescue makes a lot of sense from where I stand.
They have a huge stock price.
Lots of cash.
No debt.
And, more importantly, the they have gaps in their product line that Remington could fill and fill for cents on the dollar now that old Big Green is under court administration.
Ammunition
Reloading supplies
Shotguns
Lever Action rifles (which would synch with their single action/backcountry revolvers).
The venerable 700 bolt action rifle (while it doesn’t represent a gap it is a hell of a icon in the industry).
And so on...now that R has gone chapter 11, debts will be gone and the remaining assets will never be bought at a cheaper price.
They’ve never done it before when the opportunity was there.
We’ll see.
July 29, 2020, 02:18 PM
BBMWRuger could work. I see the ammo business as the prize in any purchase of Remington, so if they want that business, they certainly could do it.
Maybe I'm imagining this, but Ruger seems to have a very tight relationship with Hornady. If they wanted to get into the ammo business, a merger of those two may mmake more sense, since Ruger really needs very little of Remington's firearms lines.
quote:
Originally posted by x0225095:
A Ruger rescue makes a lot of sense from where I stand.
They have a huge stock price.
Lots of cash.
No debt.
And, more importantly, the they have gaps in their product line that Remington could fill and fill for cents on the dollar now that old Big Green is under court administration.
Ammunition
Reloading supplies
Shotguns
Lever Action rifles (which would synch with their single action/backcountry revolvers).
The venerable 700 bolt action rifle (while it doesn’t represent a gap it is a hell of a icon in the industry).
And so on...now that R has gone chapter 11, debts will be gone and the remaining assets will never be bought at a cheaper price.
They’ve never done it before when the opportunity was there.
We’ll see.
July 29, 2020, 02:55 PM
lymanSmith has the Compass line of T/C rifles, well made entry level or inexpensive rifles that compete with the Savage Axis and Ruger American,
Remington does not do as well with the 783,
the T/C handguns are still in production, but that is a niche market,
quote:
Originally posted by BBMW:
IIRC, and I don't follow these too closely, TC had a niche with single shot large caliber pistols, and black powder rifles. If those markets are still viable, I don't see why they couldn't keep those going. They were expanding into conventional bolt guns. If Smith bought Remington, that would likely go away.
quote:
Originally posted by Il Cattivo:
quote:
They do okay in the AR market, but that's pretty much it. With Remington, they have the very well established bolt gun and shotgun lines, and they'd also get Marlin.
For good or for ill, that would probably be the end of the T/C bolt action rifles. Still, it's an intriguing proposition.
July 29, 2020, 05:54 PM
NuclearMaybe Ruger could purchase the Marlin assets from Remington for cash. That would give them really good lever action rifles, and they wouldn't be stuck with gun lines that would compete with their existing lines.
July 29, 2020, 06:03 PM
RHINOWSOquote:
Originally posted by jljones:
Remington has several federal contracts for ARs.
You have to wonder if they screwed up the bid to the point that they can't make any money on it or fail QC checks with the gov't?
July 29, 2020, 07:51 PM
jljonesquote:
Originally posted by RHINOWSO:
quote:
Originally posted by jljones:
Remington has several federal contracts for ARs.
You have to wonder if they screwed up the bid to the point that they can't make any money on it or fail QC checks with the gov't?
Actually, I've handled a couple and they seem to be ok.
July 30, 2020, 02:43 PM
x0225095Here is an update of sorts....
....seems there was a little more to the hook than just tax-incentives when Remington came to town in 2014 (and when they came out of bankruptcy in 2018) and it doesn't look to be a hook they will get off of easily.
From reading this they are looking to sell and not restructure. Got to love it when your mayor says that he hopes "another gun manufacturer would move into the Remington building".
https://www.al.com/news/2020/0...mmy-battle-says.html