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Thread: Trump's election partly responsible for legendary gunmaker's demise: Experts

  1. #1
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    Exclamation Trump's election partly responsible for legendary gunmaker's demise: Experts

    Trump's election partly responsible for legendary gunmaker's demise: Experts
    By BILL HUTCHINSON

    "For more than 200 years, Remington has been one of America's best known gunmakers, a wild west throwback whose durable products have been favored by sportsmen as well as the military."
    "But on Monday, the North Carolina-based company announced it intends to file for Chapter 11 bankruptcy protection due to massive debt."
    "Experts say the changing winds in Washington, specifically the election of President Donald Trump, has dramatically reduced the demand of guns and have hurt the bottom line of manufacturers like the Remington Outdoor Company."





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    So, it sure appears that if Hillary Clinton had been elected President, Remington would be very stable and living high on the hog right now. But with Trump being there it has resulted in this. Well, after all, Republicans wanted it this way. Wonder how many other gunmakers and sellers are undergoing the same problem now?

    Thanks from Friday13

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    Junior Member Slartibartfast's Avatar
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    I think running up a massive debt and thus not being in a position to react to market changes is the reason why Remmington and other companies go bust.

    If they were in a healthy financial position and market demand changes either way, then they could have taken action.

    When demand changes, normally due to recessions, it cleanses the market by knocking the weak companies out.

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    Quote Originally Posted by Slartibartfast View Post
    I think running up a massive debt and thus not being in a position to react to market changes is the reason why Remmington and other companies go bust.

    If they were in a healthy financial position and market demand changes either way, then they could have taken action.

    When demand changes, normally due to recessions, it cleanses the market by knocking the weak companies out.
    Good observation!

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    Bad Policy Good Politics DebateDrone's Avatar
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    Quote Originally Posted by Slartibartfast View Post
    I think running up a massive debt and thus not being in a position to react to market changes is the reason why Remmington and other companies go bust.

    If they were in a healthy financial position and market demand changes either way, then they could have taken action.

    When demand changes, normally due to recessions, it cleanses the market by knocking the weak companies out.
    Over saturation of the market and gunners not wanting to have their weapons traced... are going the on-line ghost gun purchase route.

    Untraceable and unregistered ghost guns are showing up at all of the best crime scenes.
    Last edited by DebateDrone; 14th February 2018 at 04:46 AM.

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    Veteran Member MaryAnne's Avatar
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    Quote Originally Posted by Slartibartfast View Post
    I think running up a massive debt and thus not being in a position to react to market changes is the reason why Remmington and other companies go bust.

    If they were in a healthy financial position and market demand changes either way, then they could have taken action.

    When demand changes, normally due to recessions, it cleanses the market by knocking the weak companies out.
    I agree with that.

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    The OP has no clue how a business works.

    Typical lib.

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    Quote Originally Posted by Slartibartfast View Post
    I think running up a massive debt and thus not being in a position to react to market changes is the reason why Remmington and other companies go bust.

    If they were in a healthy financial position and market demand changes either way, then they could have taken action.

    When demand changes, normally due to recessions, it cleanses the market by knocking the weak companies out.
    Maybe Remington thought their WHITE male market would continue to grow even after THE BLACK GUY left office since a whole new Steve BANNON wing of white nationalists was taking hold.

    (No, I'm not kidding, well maybe a quarter, kidding!)
    Last edited by cpicturetaker12; 14th February 2018 at 07:34 AM.

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