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The Water Cooler
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Remington Arms Prepares for Bankruptcy, Weighs Sale to Navajo Nation
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<blockquote data-quote="dennishoddy" data-source="post: 3385551" data-attributes="member: 5412"><p>The problem with acquiring the debt from Remington by anyone is that you would be purchasing the antique and worn out machinery used to produce the junk they put out now. </p><p>A smart buyer would allow them into bankruptcy, let the machines to be sold as junk to whoever wants them buy the name and put the funds into new CNC machines that can produce precision firearms at a cost the public can afford while not producing junk. </p><p>A CNC machine can produce 10X the receivers or barrels with one operator vs the last century screw gun boring machines that required 100 people to produce the same quantity at lower quality. </p><p>The CNC machines produce quality repeatedly vs the old manual machinist that think they can get one more job out the door with a dull insert in their machine to save the company money in their minds while exactly the opposite happens with buyers/users after the product leaves the company and someone buys that reject. </p><p>Social media sharing the rejects reflects badly on the manufacturing process and company reputation. Stock prices fall and here you are. </p><p>The gun building business is pretty low profit until there is an Obama or Biden scare, then they make money. Ebb and flow with politics. </p><p>I’d love to see the Remington brand back into the great firearm column but I suspect it will go into history as “one of those” my grandpa had.</p></blockquote><p></p>
[QUOTE="dennishoddy, post: 3385551, member: 5412"] The problem with acquiring the debt from Remington by anyone is that you would be purchasing the antique and worn out machinery used to produce the junk they put out now. A smart buyer would allow them into bankruptcy, let the machines to be sold as junk to whoever wants them buy the name and put the funds into new CNC machines that can produce precision firearms at a cost the public can afford while not producing junk. A CNC machine can produce 10X the receivers or barrels with one operator vs the last century screw gun boring machines that required 100 people to produce the same quantity at lower quality. The CNC machines produce quality repeatedly vs the old manual machinist that think they can get one more job out the door with a dull insert in their machine to save the company money in their minds while exactly the opposite happens with buyers/users after the product leaves the company and someone buys that reject. Social media sharing the rejects reflects badly on the manufacturing process and company reputation. Stock prices fall and here you are. The gun building business is pretty low profit until there is an Obama or Biden scare, then they make money. Ebb and flow with politics. I’d love to see the Remington brand back into the great firearm column but I suspect it will go into history as “one of those” my grandpa had. [/QUOTE]
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Remington Arms Prepares for Bankruptcy, Weighs Sale to Navajo Nation
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