doublegunshop.com - home Forums General Discussion DoubleGun BBS @ doublegunshop.com REMINGTON is filing for bankruptcy protection

I read about it today.

Yes, I read it also, we shall see what we shall see.

Stephen Feinberg bought it in 2007 in a typical heavily leverage purchase. Think hedge fund take over. In the end he left them with a billion dollars in debt to repay. Worse Trump's election has reduced the frantic pace of gun sales, because gun owners feel no immediate threat of the end of gun sales for now, like they did with Obama, or would have with Hillary if she had won. Shudder....shudder. Kind of ironic.

Colt went into chapter 11 a couple years ago, Remington now and who knows who will be next? I think Ruger is on the firmest footing of them all. Remington has been through multiple rebirths since DuPont sold them off in 1993. In turn they were sold again to Cerberus Capital Managment in 2006 or 2007. It wont die, it will be different and doing the same thing for the most part which is a shame.

Every look at the Remington gun line? How can they have missed on so many new guns? Their O/U line has been junk for 30-40 years and four or five attempts. Remember the 396, the Peerless, the 332, the SPR 310, the Premier, the Ideal 300? All bust. Their "next" generation, carbon fiber, semi auto was a complete bust. The CTI was followed by the CTII The 11/87 is just a 1100 with slightly modern upgrades. The 11/87 Super magnum would shoot itself to pieces. Saw one rebuilt by the factory twice and it still could not stand up to those 3 1/2" shells. The current semi autos seem functional but no one I know seems to favor them.

They let Beretta take over the semi auto and O/U market completely in less than a decade and never recovered. The fact they are going under again does not surprise me. Why do they think they will turn this around? Clothes have been a major part of keeping them afloat I suspect. It certainly has not been their research, development and marketing for sure.

Their last BIG announcement was, yup you guessed it... another 870 variant. Saw that coming from a mile away.

Worked with a number of US brand name sporting goods and footwear manufacturers over my career. Watched just about all of them get sold to money managers. It is ALWAYS the beginning of the end.

I knew the family at Dexter shoes quite well. They sold out to Buffet for close to a billion. Buffet's team ruined the company, I mean ruined it, inside of 3 years. The Alfons still have their money.

A prime example of the Remington decline in quality was the introduction of the 877 and Express 870's. The 870 Express was no 870 Wingmaster. I bought an 870 Express SuperMag for steel shot and rainy day mudding around after snipe. Out of the box, it was a Remington incapable of cycling Remington Game Loads. Ironically, it cycled Winchester promos just fine. Gil

2 Samuel 1:27 "How the mighty have fallen!"

Even their biggest shotgun successes, the 1100 and 870, had errors in design, IMO. I have the 1100 my Dad gave me on my 16th b'day. It has had the magazine tube come out of the receiver twice ........... they were soldered in. This is just dumb. Other makes were simply threaded in. Some even have the same threads on each end so that when one portion of the tube gets worn, or rough, you can just swap ends.

Hindsight is 20/20, tho'.

SRH

While I dearly love the old M17, Win M12 and Ithaca M37, the 870 Wingmaster was the most popular pump ever made, but I could never warm up to it. Cost cutting production methods (stamping, cast parts, etc.) and it's design drove the Model 12 out of production because of competitive costs. The 870 is the AK-47 of shotguns. Gil

I will say I have a 870 Wingmaster my dad gave me a long time ago. I've shot everything with that gun, far more than any other shotgun I have used, probably more than all the others combined (I came to SxS late). It has never, ever failed me despite a concerted lack of care and maintenance from me.

Interestingly I heard of this on the Canadian Broadcast Company (CBC Radio 1) radio this morning. Unusual to make the Canadian news.