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Cerberus, Unable to Sell Remington, Will Let Investors Cash Out

Discussion in 'General Gun Discussions' started by Aragon, May 18, 2015.

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  1. Aragon

    Aragon member

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    Very interesting article. I'm amazed that the Remington Outdoor Company is "only" valued to be worth $880M. Seems the market isn't bullish on the volume of future gun sales in the US otherwise it would certainly be worth more and it would likely have been sold by now.

    I wish a top-noth private equity firm would buy the Remington Outdoor Company and Colt's Manufacturing, LLC at very deep discounts and really create something great...

    http://www.nytimes.com/2015/05/16/b...-its-shares-from-investors.html?smid=tw-share
     
  2. Elkins45

    Elkins45 Member

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    Maybe nobody wants to buy all that Model 700 trigger liability that's just sitting out there...
     
  3. Aragon

    Aragon member

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    The Remington Outdoor Company needs a young Ron Coburn (formerly head/principal owner of Savage) type to build it into a dominant arms company.

    Has Remington pared itself down to operations in: Madison NC, Ilion NY, Lonoke AR, Hickory, KY, Elizabethtown, KY and Huntsville, AL? Did they close all the other facilities of all the other companies they bought? Does anyone here have an update on how things are going in Huntsville?
     
    Last edited: May 18, 2015
  4. MAKster

    MAKster Member

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    Remington was purchased by a top-notch private equity firm - Cerberus. And they have lost a bundle. Cerberus tried an IPO, then a private sale, then the CEO was going to use his personal money, and now they just seem to be stuck with this white elephant. Nobody is foolish enough to buy Remington.
     
  5. matrem

    matrem Member

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    Unfortunately, we may start seeing the letters LLC listed after gun company names.
     
  6. dogmush

    dogmush Member

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    Next week: "Buy 20 shares of Remington and get a FREE R51!!"
     
  7. Jackal

    Jackal Member

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    "And no warranty service!!"
     
  8. barnbwt

    barnbwt member

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    Any bets this is a way to get ideological suckers to drop their future claims at bankruptcy for less than the market value? Cerberus gets to decide how much they "cash out" for in this arrangement, after all. Get them to take the haircut now, and feel good about it ;)

    TCB
     
  9. Al Thompson

    Al Thompson Moderator Emeritus

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    As this is more about business than THR's mission, closed.
     
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