S&P downgraded Remington's credit rating to CCC- (junkiest of junk bond status) Their bonds are so cheap some are yielding almost 30%. Apparently they thought the gun buying craze was going to last forever - sales are down dramatically and they have a huge backlog of inventory. If they can't figure out a way to restructure their debt they could easily go bankrupt. I wonder if they will start selling inventory cheap to get some cash flow. I would hate to see them go out of business
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Remington is in deep financial trouble
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Remington isn’t all that. I do t buy any gun sold in Walmart and other big box stores. Too many other rifles out there that way out perform Remington. Tikka is one of them for sure. Damdest shooting gun out of the box I’ve ever seen. And less than Remington’s middle of the road rifle. Best action I’ve ever used as well.
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Originally posted by TxAg View PostThey deserved to go out of business after the trigger fiasco.
Originally posted by Walker View PostThe original fake news.
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Originally posted by jerp View PostS&P downgraded Remington's credit rating to CCC- (junkiest of junk bond status) Their bonds are so cheap some are yielding almost 30%. Apparently they thought the gun buying craze was going to last forever - sales are down dramatically and they have a huge backlog of inventory. If they can't figure out a way to restructure their debt they could easily go bankrupt. I wonder if they will start selling inventory cheap to get some cash flow. I would hate to see them go out of business
http://www.postbulletin.com/business...03809c388.html
IMO this is a huge contributing factor to their decline in the industry..
As a huge fan of the older Remingtons I can honestly say I never thought I would see a day when they were the red headed step child in the industry..
I wont even consider buying one of their NEW products these days.Last edited by PondPopper; 11-24-2017, 04:10 PM.
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