Forums
New posts
Search forums
What's new
Articles
Latest reviews
Author list
Classifieds
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
Hunting
Long Range Hunting & Shooting
I'm Done With Remington
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Boss Hoss" data-source="post: 345689" data-attributes="member: 5060"><p>Hey---I just tell you like it is and you can believe it or not makes no difference to me. My friend I have known for almost 25 years and he has been in this industry for 35. Also know a few other people in the industry and no my friend is not pulling the wool over my eyes but I am limited on what I can repeat on an internet forum. Cannot explain why the holes were off on the action but people are a part of this operation I might add so things happen. </p><p></p><p></p><p>For me I only use custom actions in fact last week the Stiller Predator (300 Jarrett) that were building on had to have the holes chased on top of the action because of a couple of burrs. I use the Stiller Predator as my low end action with Jerry's Pythons (that are coming to a HALT very soon #$^%(%^(, Stolle's and Bats on the high end and my competition rifles.</p><p></p><p></p><p>Also guess who just bought Berger??? Guess who owns the Freedom-Group??? This is not over and they are looking at other companies as well --- there will be more on this later.</p><p></p><p> </p><p></p><p>"According to a regulatory filing, Cerberus Capital Management, L.P. is planning to take Freedom Group Inc. public in a $200 million ($200M) initial public offering. Cerberus owns 94.3% of Freedom Group's shares, according to the filing. In H1 2009, Freedom Group, which owns a number of firearms and related companies that include Remington, Bushmaster, DPMS Panther Arms, Marlin, and now Advanced Armament Corp. (AAC), experienced a reported sales increase of 35 percent, making the timing for an IPO move look pretty good. </p><p></p><p>Reuters reports that "Freedom Group sold about 1.1 million long guns and 2 billion rounds of ammunition in the year ended June 30, 2009, according to its prospectus, filed on Wednesday with the U.S. Securities and Exchange Commission." Freedom Group reported net sales of $427.3M for the six months ended June 30, 2009, which is up 34.9 percent over the same period a year earlier. Net income for the same 6-month period was $32.8M.</p><p></p><p>So, why the IPO plan? Freedom Group wouldn't specify beyond saying that it was for working capital and general capital. But, capital for what? Probably to buy more firearms (and related) companies."</p></blockquote><p></p>
[QUOTE="Boss Hoss, post: 345689, member: 5060"] Hey---I just tell you like it is and you can believe it or not makes no difference to me. My friend I have known for almost 25 years and he has been in this industry for 35. Also know a few other people in the industry and no my friend is not pulling the wool over my eyes but I am limited on what I can repeat on an internet forum. Cannot explain why the holes were off on the action but people are a part of this operation I might add so things happen. For me I only use custom actions in fact last week the Stiller Predator (300 Jarrett) that were building on had to have the holes chased on top of the action because of a couple of burrs. I use the Stiller Predator as my low end action with Jerry’s Pythons (that are coming to a HALT very soon #$^%(%^(, Stolle’s and Bats on the high end and my competition rifles. Also guess who just bought Berger??? Guess who owns the Freedom-Group??? This is not over and they are looking at other companies as well --- there will be more on this later. "According to a regulatory filing, Cerberus Capital Management, L.P. is planning to take Freedom Group Inc. public in a $200 million ($200M) initial public offering. Cerberus owns 94.3% of Freedom Group’s shares, according to the filing. In H1 2009, Freedom Group, which owns a number of firearms and related companies that include Remington, Bushmaster, DPMS Panther Arms, Marlin, and now Advanced Armament Corp. (AAC), experienced a reported sales increase of 35 percent, making the timing for an IPO move look pretty good. Reuters reports that “Freedom Group sold about 1.1 million long guns and 2 billion rounds of ammunition in the year ended June 30, 2009, according to its prospectus, filed on Wednesday with the U.S. Securities and Exchange Commission.” Freedom Group reported net sales of $427.3M for the six months ended June 30, 2009, which is up 34.9 percent over the same period a year earlier. Net income for the same 6-month period was $32.8M. So, why the IPO plan? Freedom Group wouldn’t specify beyond saying that it was for working capital and general capital. But, capital for what? Probably to buy more firearms (and related) companies." [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Hunting
Long Range Hunting & Shooting
I'm Done With Remington
Top