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Rifles, Reloading, Optics, Equipment
Gunsmithing
Remington Bankruptcy
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<blockquote data-quote="Montana&#039;eer" data-source="post: 1991526" data-attributes="member: 113417"><p>With the Ilion firearm plant portion getting sold to a investment group with no other firearm manufacturing in its' portfolio I think bodes well for the plant and product line. </p><p></p><p>The 700 platform and shotgun platforms are pretty staple items, well known with a brand loyalty- and a price of $13mm sounds cheap (to me). </p><p></p><p>I pretty much knew Remington was on it's last legs when a friend of mine who is a dealer called in early December and said he could get a steal of a deal on 700 5R rifles- but he had to buy X number of them and all had to be done by the end of the year- so he was calling a lot of his friends to get in the game to make the purchase. I bought 2 and I won't disclose the price, but it was literally 'too good to be true'. </p><p></p><p>On top of that incredible price I paid- Remington provided a $75 rebate on each rifle- so I got my rebate papers in FAST and received my $150 back in early summer. </p><p></p><p>When you start seeing a company selling inventory at that deep discount by the end of the calendar year- you can bet they were in a cash crunch and failing. </p><p></p><p>By the way my 5R .308 is an incredible shooter.</p></blockquote><p></p>
[QUOTE="Montana'eer, post: 1991526, member: 113417"] With the Ilion firearm plant portion getting sold to a investment group with no other firearm manufacturing in its' portfolio I think bodes well for the plant and product line. The 700 platform and shotgun platforms are pretty staple items, well known with a brand loyalty- and a price of $13mm sounds cheap (to me). I pretty much knew Remington was on it's last legs when a friend of mine who is a dealer called in early December and said he could get a steal of a deal on 700 5R rifles- but he had to buy X number of them and all had to be done by the end of the year- so he was calling a lot of his friends to get in the game to make the purchase. I bought 2 and I won't disclose the price, but it was literally 'too good to be true'. On top of that incredible price I paid- Remington provided a $75 rebate on each rifle- so I got my rebate papers in FAST and received my $150 back in early summer. When you start seeing a company selling inventory at that deep discount by the end of the calendar year- you can bet they were in a cash crunch and failing. By the way my 5R .308 is an incredible shooter. [/QUOTE]
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