Cerberus: We want out of gun biz

CNNMoney, CNN ^ | December 18, 2012 | Dan Primack

[familyop]

Private equity firm Cerberus Capital Management...Here is the firm's statement,..."Our role is to make investments on behalf of our clients who are comprised of the pension plans of firemen, teachers, policemen and other municipal workers and unions, endowments, and other institutions and individuals."

[familyop]

That's the Cerberus that decided to divest in Freedom Group (Advanced Armament Corporation, Barnes Bullets, Bushmaster Firearms International, Dakota Arms, DPMS, Panther Arms, H & R Firearms, Marlin, Mountain Khakis, Para USA, Parker Gunmakers, Remington Arms, Remington Military, Remington LE, Remington PMPD, TAPCO).

[FlingWingFlyer]

Just trying to be politically correct this month. They’ll get over it.

[familyop]

Investing/divesting to control politics and government. It’s all the rage.

And while you’re reading, remember the demographics of the two recent mass murderers. And bear in mind as to where the economy is going (likely many more middle class layoffs). Much of the target demographic for “gun control,” perhaps?

[mnehring]

They can probably see the writing on the wall regarding political action and potential legal action as well. Spin off that part while they can make a profit. It isn’t like those businesses will close, the divested company will still operate on its own.

[Ghost of Philip Marlowe]

The goal should be to make money.

Right now, gun stocks are performing very well.

So, you guys go ahead and cut off your nose to spite your PC face.

If I had investments with you, I’d drop you for getting out of firearm investments.

FIREARMS PROHIBITION HAS FAILED MISERABLY.
IT IS TIME TO REPEAL FIREARMS PROHIBITION AND ALLOW THE PEOPLE TO PROTECT THEMSELVES.

[BipolarBob]

After a 10% drop off, I bought some RGR and SWHC and will hold for two years.

[Bloody Sam Roberts]

"Our role is to make investments on behalf of our clients..."

...that make a PROFIT.

There should be no other consideration by Cerebrus unless directed by their clients to shift the makeup of their portfolio. No other consideration.

Idiots.

[SeminoleCounty]

With the way gun sales are going I would divest from Cerebus immediately. What a stupid decision

[gaijin]

I remember very well when S&W sold out, years ago —I’ve never again bought an S&W, and I know many others like me.

Anyone who doesn’t really want IN in the gun biz is someone I want OUT:

Just GO.

[familyop]

Mystery company buying up U.S. gun manufacturers
http://www.freerepublic.com/focus/f-news/2815973/posts

BREAKING: Bank of America Reportedly Drops Gun Company for Political Reasons
http://www.freerepublic.com/focus/news/2875027/posts

Nation sees a sharp drop in gun dealers
March 22, 2006
http://www.freerepublic.com/focus/f-news/1602192/posts

New gun control: Shut down shops
Wed 27 Jun 2007
http://www.freerepublic.com/focus/f-news/1856857/posts

[familyop]

The New Gun Control for 2009- Make Them Too Expensive To Buy
http://www.freerepublic.com/focus/bloggers/2228698/posts

[SunkenCiv]

Thanks familyop.

Our role is to make investments on behalf of our clients who are comprised of the pension plans of firemen, teachers, policemen and other municipal workers and unions, endowments, and other institutions and individuals.

[Patriot365]

Goodbye COSTCO - Hello Sam’s Club

AMERICANS CAN NOW DETERMINE WHERE TO SHOP AND SPEND THEIR MONEY

Election Cycle political donations, as reported by the Center for Responsive Politics.

Shopping

Price Club/Costco donated $225K, 99% went to Democrats

Rite Aid donated $517K, 60% went to Democrats

Magla Products (Stanley tools, Mr. Clean) donated $22K, 100% went to Democrats

Warnaco (undergarments) donated $55K, 73% went to Democrats

Martha Stewart Living Omnimedia donated $153K, 99% went to Democrats

Estee Lauder donated $448K, 95% went to Democrats

Guess, Inc. Donated $145K, 98% went to Democrats

Calvin Klein donated $78K, 100% went to Democrats

Liz Claiborne, Inc. Donated $34K, 97% went to Democrats

Levi Straus donated $26K, 97% went to Democrats

Olan Mills donated $175K, 99% went to Democrats

WalMart/Sam’s Club donated $467K, 97% went to Republicans

K-Mart donated $524K, 86% went to Republicans

Home Depot donated $298K, 89% went to Republicans

Target donated $226K, 70% went to Republicans

Circuit City Stores donated $261K, 95% went to Republicans

3M Co. Donated $281K, 87% went to Republicans

Hallmark Cards donated $319K, 92% went to Republicans

Amway donated $391K, 100% Republicans

Kohler Co. (plumbing fixtures) donated $283K, 100% Republicans

B.F. Goodrich (tires) donated $215K, 97% went to Republicans

Proctor & Gamble donated $243K, 79% went to Republicans

[Uncle Chip]

How much of a loss are they willing to take to divest themselves of these stocks??? Their loss will be someone else’s gain.

[familyop]

Canada abolishes long gun registry
http://www.freerepublic.com/focus/f-news/2868893/posts

Russian Gun Lobby Seeks Right To Bear Arms
http://freerepublic.com/focus/f-news/2973237/posts

[Patriot365]

I’ll keep playing their game!

Spirits?

Southern Wine & Spirits donated $213K, 73% went to Democrats

Joseph E. Seagrams & Sons (incl. Beverage Business and considerable media interests) donated $2M+, 67% went to Democrats

Gallo Winery donated $337K, 95% went to Democrats

Coors & Budweiser donated $174K, 92% went to Republica

Brown-Forman Corp. (Southern Comfort, Jack Daniels, Bushmills, Korbel Wines, Lenox China Dansk and Gorham Silver) donated $644 K — 80% went to Republicans

Hungry?

Sonic Corporation donated $83K, 98% went to Democrats

Triarc Companies (Arby’s, T.J. Cinnamon’s, Pasta Connections) donated $112K, 96% went to Democrats

Pilgrim’s Pride Corp. (chicken) donated $366K, 100% went to Republicans

Outback Steakhouse donated $641K, 95% went to Republicans

Tricon Global Restaurants (KFC, Pizza Hut, Taco Bell) donated $133K, 87% went to Republicans

Brinker International (Maggiano’s, Brinker Cafe, Chili’s, On the Border, Macaroni Grill, Crazymel’s, Corner Baker, EatZis) donated $242K, 83% went to Republicans

Waffle House donated $279K, 100% went to Republicans

McDonald’s Corp. Donated $197K, 86% went to Republicans

Darden Restaurants (Red Lobster, Olive Garden, Smokey Bones, Bahama Breeze) donated $121K, 89% went to Republicans

Heinz Republicans $64,000 Democrats $21,300! John Kerry’s wife’s company!!!

Traveling and/or dining

Hyatt Corporation donated $187K of which 80% went to Democrats

Marriott International $323K, 81% went to Republicans

Holiday Inns donated $38K, 71% went to Republicans

[familyop]

"Home Depot donated $298K, 89% went to Republicans"

Thanks! Employees and investors of a company trying to compete directly against Home Depot have been projecting their own leadership problem on Home Depot for years. [Problem rhymes with years.]

[SoFloFreeper]

Pussies.

[manic4organic]

Do you have a link to the source of that list? I’d like to reference it going forward.

[manic4organic]

Do you have a link to the source of that list? I’d like to reference it going forward.