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mcs1564
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Picture of mcs1564
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quote:
Originally posted by soggy_spinout:
This time though it feels very different to me. It's only been a year since they came out of the last bankruptcy, and now they have no tangible financial upside to entice a suitor to bail them out. Would not surprise me if they go away, though I suspect someone will see value in the brand.


As long as Sciens Capital is still involved, it's only a matter of time before the doors close. No one will come in to take over as long as the company is carrying it's current debt.

Couple of good articles...

https://www.bloomberg.com/news...-crisis-after-crisis

https://www.bloomberg.com/news...ering-that-backfired

https://www.breakingviews.com/...anagement-than-guns/


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SP2022 - 9mm
 
Posts: 1263 | Location: CT | Registered: January 28, 2011Report This Post
BGULL
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Carrying too much debt is the ever present dilemma, it seems in the past that the various iterations of Colt have concentrated on the defense/government sales. Presumably that will be what the next savior-scavenger will look at first, I would think that the consumer side will always be secondary.


Bill Gullette
 
Posts: 1558 | Location: Behind the Pine Curtain  | Registered: March 06, 2008Report This Post
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