Remington Discontinuing Significant Product Lines
This is sort of a new gun announcement in reverse. I expect to see Remington announce a reduction in the number of guns offered at the show. Based on a number of reports I’ve heard about management changes (it hired the former Taurus CEO) and its junk bond status sinking even lowersuggests the company is in financial trouble. Remington recently offered rebates that, when combined with retailer discounts, drop the price of some guns below that of Hi-Point. This suggests to me that the company is dumping inventory to try to get some liquidity. Some of these guns, once sold off, may not return to the company catalog in 2018.
This is sort of a new gun announcement in reverse. I expect to see Remington announce a reduction in the number of guns offered at the show. Based on a number of reports I’ve heard about management changes (it hired the former Taurus CEO) and its junk bond status sinking even lowersuggests the company is in financial trouble. Remington recently offered rebates that, when combined with retailer discounts, drop the price of some guns below that of Hi-Point. This suggests to me that the company is dumping inventory to try to get some liquidity. Some of these guns, once sold off, may not return to the company catalog in 2018.
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