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

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Aragon

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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
 
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?
 
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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.
 
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
 
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