Javascript DHTML Drop Down Menu Powered by dhtml-menu-builder.com
Welcome, Guest. Please login or register.
Did you miss your activation email?
November 17, 2017, 06:19:26 pm

Login with username, password and session length

Search:     Advanced search
* Home FlashChat Help Calendar Login Register
Currently there are 0 Users in the Cas City Chat Rooms!
Cas City Forum Hall & CAS-L  |  CAS TOPICS  |  The Longbranch (Moderators: Marshal Halloway, Silver Creek Slim, Camille Eonich)  |  Topic: Colt Bankruptcy? 0 Members and 1 Guest are viewing this topic. « previous next »
Pages: [1] 2 Go Down Print
Author Topic: Colt Bankruptcy?  (Read 9027 times)
Fox Creek Kid
NCOWS
Top Active Citizen
***
Offline Offline

Posts: 4448



« on: June 10, 2015, 05:45:34 pm »


Ain't lookin' good:


http://www.investing.com/news/stock-market-news/gun-maker-colt-heads-toward-bankruptcy-showdown-with-bondholders-345778
Logged
Bruce W Sims
Top Active Citizen
*
Offline Offline

Posts: 294


« Reply #1 on: June 11, 2015, 09:57:40 am »

Hmmm..... Please hear this with good ears, but I wonder if COLT going bankrupt would
up the value of products associated with its name? I also know that there are different
kinds of bankruptcy and wonder what would happen if some Investment House decided
to takeover the whole enchilada simply because of the name recognition. As I understand
it that dynamic in the Financial community is what has kept MOTOROLA going for decades.
Thoughts?

Best Wishes,

Bruce
Logged
rbertalotto
Top Active Citizen
*
Offline Offline

Posts: 1110


WWW
« Reply #2 on: June 11, 2015, 11:28:28 am »

Colt needs a VERY generous (and a bit stupid) White Knight or a major war to keep them afloat......The debt is simply too high and totally out of control....
Logged

Roy B
South of Boston
www.rvbprecision.com
SASS #93544
St. George
Deputy Marshal
Top Active Citizen
*
Online Online

Posts: 4510


NCOWS , GAF, B.O.L.D., Order of St. George, SOCOM,


« Reply #3 on: June 11, 2015, 12:06:37 pm »

In the military world, the Colt 'name' has close to zero value anymore.

It's not like Vietnam when they were the big producer - save for GM Hydromatic - and controlled the market every place the US military went, thanks to a well-oiled 'Good Ol' Boy' system of retired senior Officers with contacts everywhere and zero business sense.

Today, everybody and his brother can make the entire weapons system 'and' all the bells and whistles to add on to those Picatinny Rails - and Colt lost the last M4 Contract to FN.

That shows investors a couple of things - no loyalty from Uncle Sam, and too high a cost-per-unit.

It'll take a real whale to buy them, clean house, put them on a short leash and try to re-establish a market share that isn't so dependent on military sales, and it's 'probably' far too much work for anyone to take on today, since the money men of this generation aren't 'gun guys' - rooted in shooting and shooting sports and nostalgia - they're 'money guys' rooted in profit and loss - and Colt would be looked at as a losing proposition.

If you 'want' a new Colt - buy one now, and don't take the chance of special-ordering an as-yet un-built one.

Scouts Out!
Logged

"It Wasn't Cowboys and Ponies - It Was Horses and Men.
It Wasn't Schoolboys and Ladies - It Was Cowtowns and Sin..."
Coal Creek Griff
Top Active Citizen
*
Online Online

Posts: 1209


With Cheyenne Luke


« Reply #4 on: June 11, 2015, 12:36:17 pm »

I was thinking that we could all chip in and buy Colt.  Then we could change the production to not make any guns designed after, say, 1915.  Maybe a "Go Fund Me" campaign would help.   (At least dreaming is free.)  Wink

CC Griff
Logged

BOLD #921
BOSS #196
1860 Henry Rifle Shooter #173
SSS #573
Poodleshooter
Citizen
*
Offline Offline

Posts: 22


« Reply #5 on: June 12, 2015, 01:12:30 am »

I'd imagine that about all Colt has of value in a bankruptcy sale are its trademarks and intellectual property. I'd imagine most of the PP&E has been let go to pot, while the current owners have been busy looting the business for cash.

Maybe Beretta (via their subsidiary Uberti) can buy the rights to Colt's SAAs?
I really wouldn't mind that. The name and trademark would probably be in better hands with a family business that pretty much resurrected cowboy shooting,  than it would be in the hands of the recent Colt executives.

Logged
Bruce W Sims
Top Active Citizen
*
Offline Offline

Posts: 294


« Reply #6 on: June 12, 2015, 09:58:27 am »

I'm lining up with St George. Sure, turn-arounds are tricky business and I am not ruling out
some Pacific RIm investors trying to step in and and buy them. I'm guessing that if that
happened there would be some kind of emotional response from the gun-owning population
and a domestic Investment Firm might take them on as a charity case. I'll say again that
turn-arounds are tricky and it would take someone with experience and good cleaning skills.
Just sayin....

Best Wishes,

Bruce
Logged
Major 2
"Still running against the wind"
Deputy Marshal
Top Active Citizen
*
Offline Offline

Posts: 10282


Cracker Cow Cavalry


« Reply #7 on: June 12, 2015, 10:46:08 am »

Colt's name is MUDD in Osceola Co. Florida
With great fanfare, Gov. Rick Scott and Osceola County leaders in December 2011 trumpeted a deal that would bring gun maker Colt Manufacturing Co. to the county and create dozens of relatively high-paying jobs.
Now 2015 and the building which the county paid for,  and the State spent another  1/4 of a Million dollars to renovate sits empty.

The 16,000-square-foot building is just blocks from the U.S. Highway 192 exit off Florida's Turnpike, I pass it daily is a empty shell.
Colt was given incentive money,  tax breaks & a $1 a year rent for 10 years to bring 63 Jobs to the State....
Colt would be required to return any economic-incentive money if the promised jobs don't materialize.... they didn't and they haven't .
Logged
Fox Creek Kid
NCOWS
Top Active Citizen
***
Offline Offline

Posts: 4448



« Reply #8 on: June 12, 2015, 09:07:06 pm »

Major2, Colt did that purely as a bluff to scare the UAW in CT. I hope they go teats up and liquidate and down the road someone buys the trademark.
Logged
Major 2
"Still running against the wind"
Deputy Marshal
Top Active Citizen
*
Offline Offline

Posts: 10282


Cracker Cow Cavalry


« Reply #9 on: June 12, 2015, 10:20:57 pm »

Euro or Yen may well be the future of Colt ....

Read were Auto Giant FIAT is making a play for are you ready ?..... General Motors  yup ! GM
They own .... Chrysler, Dodge, Ram and SRT, Jeep, Lancia, Ferrari,Maserati, Alfa Romeo

Beretta with Colt's TM  ....  Undecided   not to far fetched   ( Uberti & Colt have partnered before )
Logged
Mike
Top Active Citizen
*
Offline Offline

Posts: 610



« Reply #10 on: June 13, 2015, 05:35:02 pm »

My understanding is no one wants a Beretta marked gun and from the comments on the jap made 73 a lot of US will not want Colt pistols to go out of the US.
If i had to have another Colt it would be a pre War one and not a modern copy. I have owned a few copies and have sold them.
Logged

Buffalochip
Bruce W Sims
Top Active Citizen
*
Offline Offline

Posts: 294


« Reply #11 on: June 14, 2015, 10:46:14 am »

Major2, Colt did that purely as a bluff to scare the UAW in CT. I hope they go teats up and liquidate and down the road someone buys the trademark.

Seriously?  I mean....SERIOUSLY!?!

I would LOVE to know what gives these "Princes of Industry" the right to play
these S***** games with peoples lives. Its not like anything garnered from these games
is ever going to find its way into anything but the pockets of the gamesters. I
wouldn't scream so loud except that I see this all the time in the Healthcare industry.

My prayer is that God has reserved a special corner of Hell for such people. IMHO.

Best Wishes,

Bruce
Logged
Major 2
"Still running against the wind"
Deputy Marshal
Top Active Citizen
*
Offline Offline

Posts: 10282


Cracker Cow Cavalry


« Reply #12 on: June 14, 2015, 01:04:44 pm »

Major2, Colt did that purely as a bluff to scare the UAW in CT. I hope they go teats up and liquidate and down the road someone buys the trademark.

Doubtful .... though the UAW should be shaken to their very roots ....

Colt .... was courted & offered, serious tax incentives in  a gun friendly .. "right to work state" , 
away from the Draconian Conn. laws , taxes  and it's closed shop legislation.
Promises were made , deals & contracts signed... Colt reneged  ...at least in the last 5 years it has....
Logged
Fox Creek Kid
NCOWS
Top Active Citizen
***
Offline Offline

Posts: 4448



« Reply #13 on: June 14, 2015, 01:33:22 pm »

Seriously?  I mean....SERIOUSLY!?!

I would LOVE to know what gives these "Princes of Industry" the right to play
these S***** games with peoples lives. Its not like anything garnered from these games
is ever going to find its way into anything but the pockets of the gamesters. I
wouldn't scream so loud except that I see this all the time in the Healthcare industry.

My prayer is that God has reserved a special corner of Hell for such people. IMHO.

Best Wishes,

Bruce


No one is OWED anything. That's Obama mentality. The people who put up the money take the risks.
Logged
Blair
NCOWS
Top Active Citizen
***
Offline Offline

Posts: 2231



« Reply #14 on: June 14, 2015, 02:14:50 pm »

Investors usually get some kind of return on their investments.
If the Investors are not receiving this kind of retune for their investments... it is because those Managing the Company are taking their cut off the top and running. Leaving the Investors to bite the bullet.
My best,
 Blair
Logged

A Time for Prayer.
"In times of war and not before,
God and the soldier we adore.
But in times of peace and all things right,
God is forgotten and the soldier slighted"
by Rudyard Kipling.
Blair Taylor
Life-C 21
Mike
Top Active Citizen
*
Offline Offline

Posts: 610



« Reply #15 on: June 14, 2015, 02:50:27 pm »

Colt Canada seems to be working ok.
You may find the investers have been takeing a return and not reinvesting it in new equipment. They must of made money with the contracts they had. I would guess when times were good the investeres took there cut.
The orther thing is the large salaries they pay tbe top management.
Logged

Buffalochip
Bruce W Sims
Top Active Citizen
*
Offline Offline

Posts: 294


« Reply #16 on: June 14, 2015, 08:36:08 pm »

I don't know about "Obama" anything.

What I DO know is that if I invest in something I expect to get a "piece of the action"
for letting people use my capital. If you don't see that as being "owed" something, I
suspect that explains a lot about why the rich continue to get richer and the poor get poorer.

Best Wishes,

Bruce
Logged
Mean Bob Mean
Top Active Citizen
*
Offline Offline

Posts: 1002



« Reply #17 on: June 15, 2015, 06:20:46 am »

How could they not be bankrupt?  Every product they are famous for is being reproduced elsewhere better and cheaper.  They have not had an original idea in some time.

Too bad tho, too bad.

Mean Bob
Logged

"We tried a desperate game and lost. But we are rough men used to rough ways, and we will abide by the consequences."
- Cole Younger
MJN77
Top Active Citizen
*
Offline Offline

Posts: 521


« Reply #18 on: June 15, 2015, 06:44:32 am »

"Colt Defense files for Chapter 11 bankruptcy protection"
http://www.usatoday.com/story/money/business/2015/06/14/colt-chapter-11/71228058/
http://money.cnn.com/2015/06/15/news/companies/colt-files-bankruptcy/index.html
Logged
Bruce W Sims
Top Active Citizen
*
Offline Offline

Posts: 294


« Reply #19 on: June 15, 2015, 09:06:18 am »

How could they not be bankrupt?  Every product they are famous for is being reproduced elsewhere better and cheaper.  They have not had an original idea in some time.

Too bad tho, too bad.

Mean Bob

Absolutely....nothing but bad management. A fundamental rule of business is that you always keep
the R&D pipeline full. There is very little difference between resting on yer laurels and
laying down dead. Just sayin....

Best Wishes,

Bruce
Logged
Major 2
"Still running against the wind"
Deputy Marshal
Top Active Citizen
*
Offline Offline

Posts: 10282


Cracker Cow Cavalry


« Reply #20 on: June 15, 2015, 09:39:03 am »

I echo my friend Coffenmaker's words to me

"Colt problem ........ Failed to get well into the CAS market when we were young.
                           Got into the CAS market with the POS  Colt Cowboy
                           Quit manufacturing/delivering the Colt 3rd Gen in any kind of reasonable quantity
                                at a marketable price.
                           Even at the price point, the guns needed work to make em user friendly.

                           Everybody on the freeking planet makes a version of the M4.
                           Everybody on the freeking planet makes a version of the 1911

So ........ what has taken them so long to go bust??



I'll repeat 
add in the un-gun friendly  Draconian Connecticut  laws , taxes  and it's closed shop legislation... a demanding labor union
of contemptuous liberals.
Lost Government contracts.....

I'm amazed , they stay out bankruptcy this long  ...this time around
Logged
Mean Bob Mean
Top Active Citizen
*
Offline Offline

Posts: 1002



« Reply #21 on: June 15, 2015, 11:04:58 am »

I know, maybe they can pick up the Merwin Hulbert project!!!!!

(ducks and runs for door)
Logged

"We tried a desperate game and lost. But we are rough men used to rough ways, and we will abide by the consequences."
- Cole Younger
Fox Creek Kid
NCOWS
Top Active Citizen
***
Offline Offline

Posts: 4448



« Reply #22 on: June 15, 2015, 02:48:25 pm »

I echo my friend Coffenmaker's words to me

"Colt problem ........ Failed to get well into the CAS market when we were young...

They did initially with the SASS Colt SAA. However, General Grant, owner of EMF, decided to offer a SASS Italian model as well and Colt was "eight balled". Needless to say, Colt was PO'd and dropped from the scene pretty much.
Logged
Bruce W Sims
Top Active Citizen
*
Offline Offline

Posts: 294


« Reply #23 on: June 15, 2015, 03:09:49 pm »

Sounds like unless they controlled everything....and dominated everything else they
just didn't want to play.  Kind of a piss-poor Business Model if you ask me.

Best Wishes,

Bruce
Logged
Major 2
"Still running against the wind"
Deputy Marshal
Top Active Citizen
*
Offline Offline

Posts: 10282


Cracker Cow Cavalry


« Reply #24 on: June 15, 2015, 04:11:00 pm »

They did initially with the SASS Colt SAA. However, General Grant, owner of EMF, decided to offer a SASS Italian model as well and Colt was "eight balled". Needless to say, Colt was PO'd and dropped from the scene pretty much.


as stated
Failed to get well into the CAS market when we were young.
Logged
Pages: [1] 2 Go Up Print 
Cas City Forum Hall & CAS-L  |  CAS TOPICS  |  The Longbranch (Moderators: Marshal Halloway, Silver Creek Slim, Camille Eonich)  |  Topic: Colt Bankruptcy? « previous next »
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.21 | SMF © 2015, Simple Machines Valid XHTML 1.0! Valid CSS!
Page created in 0.073 seconds with 21 queries.