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Remington might be in trouble ...
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<blockquote data-quote="Greyfox" data-source="post: 1374443" data-attributes="member: 10291"><p>While I agree that Remington has been loosing market share for quite some time for many of the reasons described, I wonder how many other firearms manufacturers are struggling. The primary reason for Remington's default is driven by cash flow problems and being unable to service their debt.......due to an un-anticipated drop in demand......resulting in excess inventory. Beihind the issue It appears that the sales boom in the entire firearms industry has been driven by the political environment, more specifically, the fear that gun ownership would be negatively effected. Take a look at the background check stats(attached) that have been going through the roof from when it was first realized that Obama had a good chance of being elected, through his Presidency, and continued when all thought that Clinton was going to win. This was an artificial market surge that was stimulated by fear. This fear was put in check when Trump won the election, not only bringing demand rates down, perhaps even driving it in an opposite direction since people bought an excess of firearms. The irony is that in a world where Trump has been blamed for everything from climate change to depression, the Remington issues are being blamed on him as well by the political morons. IMO, it will take some time for the entire firearms industry to stabilize....at least for the next 3-7 years......when the politest environment stirs things up again. IMO.</p><p></p><p><a href="http://www.zerohedge.com/news/2017-11-23/2nd-largest-gunmaker-nears-default-americans-buy-fewer-firearms-post-obama" target="_blank">http://www.zerohedge.com/news/2017-11-23/2nd-largest-gunmaker-nears-default-americans-buy-fewer-firearms-post-obama</a></p></blockquote><p></p>
[QUOTE="Greyfox, post: 1374443, member: 10291"] While I agree that Remington has been loosing market share for quite some time for many of the reasons described, I wonder how many other firearms manufacturers are struggling. The primary reason for Remington's default is driven by cash flow problems and being unable to service their debt.......due to an un-anticipated drop in demand......resulting in excess inventory. Beihind the issue It appears that the sales boom in the entire firearms industry has been driven by the political environment, more specifically, the fear that gun ownership would be negatively effected. Take a look at the background check stats(attached) that have been going through the roof from when it was first realized that Obama had a good chance of being elected, through his Presidency, and continued when all thought that Clinton was going to win. This was an artificial market surge that was stimulated by fear. This fear was put in check when Trump won the election, not only bringing demand rates down, perhaps even driving it in an opposite direction since people bought an excess of firearms. The irony is that in a world where Trump has been blamed for everything from climate change to depression, the Remington issues are being blamed on him as well by the political morons. IMO, it will take some time for the entire firearms industry to stabilize....at least for the next 3-7 years......when the politest environment stirs things up again. IMO. [URL]http://www.zerohedge.com/news/2017-11-23/2nd-largest-gunmaker-nears-default-americans-buy-fewer-firearms-post-obama[/URL] [/QUOTE]
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