There are a number of recent articles that predict the impending doom of Colt. It was pointed out that Colt is a union shop so Obama could step in and offer a bailout like he did with the UAW; of course that was stated tongue-in-cheek. The best article I read on the series of missteps taken by Colt over the years is in the article below:
http://www.bloomberg.com/bw/article...ers-owners-have-led-it-to-crisis-after-crisis
Many companies come and go but those that die who embody America’s fierce individualism and entrepreneurial spirt are difficult to digest. It’s sad to see that the Colt Peacemaker, the gun that won the West, is now on a pacemaker.
http://www.bloomberg.com/bw/article...ers-owners-have-led-it-to-crisis-after-crisis
Many companies come and go but those that die who embody America’s fierce individualism and entrepreneurial spirt are difficult to digest. It’s sad to see that the Colt Peacemaker, the gun that won the West, is now on a pacemaker.