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Iconic gunmaker Colt is on the brink of bankruptcy
CNN Money ^ | 6/13/2015 | Aaron Smith

Posted on 06/13/2015 10:37:21 AM PDT by Jan_Sobieski

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1 posted on 06/13/2015 10:37:22 AM PDT by Jan_Sobieski
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To: Jan_Sobieski

Well, the obvious thing is for fedgub to step in an order an AR-15 for every adult citizen.

Kenyes would be proud.


2 posted on 06/13/2015 10:39:00 AM PDT by BenLurkin (The above is not a statement of fact. It is either satire or opinion. Or both.)
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To: Jan_Sobieski
My only Colt.

 photo Colt.jpg

3 posted on 06/13/2015 10:41:12 AM PDT by umgud (When under attack, victims want 2 things; God & a gun)
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To: Jan_Sobieski

I wonder how much of their financial woes is due to labor costs?


4 posted on 06/13/2015 10:41:18 AM PDT by Jeff Chandler (So is carbon dioxide the "Smoke of Satan"?)
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To: Jan_Sobieski

Bttt


5 posted on 06/13/2015 10:41:59 AM PDT by advertising guy ( panties - not the best thing on earth, but next to it .)
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To: Jeff Chandler

My thoughts also.


6 posted on 06/13/2015 10:43:02 AM PDT by FlingWingFlyer (Without God there would be no science.)
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To: Jan_Sobieski

I don’t think it has helped Colt to have its headquarters in Hartford, CT. Connecticut was one of the biggest manufacturing states in earlier times, but those times have gone. The state is weighed down with taxes and gun haters.


7 posted on 06/13/2015 10:44:16 AM PDT by Cicero (Marcus Tullius)
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To: umgud

I’ve got the same gun,it was made in 1916.A family friend carried it in the Argonne Forest in 1918.


8 posted on 06/13/2015 10:47:01 AM PDT by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: Jan_Sobieski

Mismanagement of money.


9 posted on 06/13/2015 10:47:13 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: Jan_Sobieski

What’s this the fifth go round with this outfit?

If a gun company can’t make it in this environment, they need to hang it up.


10 posted on 06/13/2015 10:47:50 AM PDT by headstamp 2
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To: Farmer Dean

That’s a real piece of history. Cherish it.


11 posted on 06/13/2015 10:48:36 AM PDT by headstamp 2
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To: Farmer Dean

Wow. Mine’s circa early 2,000’s.


12 posted on 06/13/2015 10:48:45 AM PDT by umgud (When under attack, victims want 2 things; God & a gun)
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To: Jan_Sobieski
Colt has been in sad straits for years. The company had some labor issues about 20 years ago, just when the company was transitioning to a leadership team who was looking for ways to make the products cheaper. I was interviewed twice by Colt for an executive position but both times I asked to see the production floor and to talk to the craftsmen. That was not a proper thing to do according the Front Office and they didn't want me both times.

When I went to Hartford, Colt still had very fine workers and outstanding craftsmen, particularly in the Colt Custom Gunshop but the factory floor was dirty and filled with both 19th Century overhead belt-driven polishers and computer-controlled machinery stations. While the Colt workers wanted to keep making the beautifully-hand finished Colts we all know and admire, the Front Office wanted castings and plastic and roll pins.

Never could convince them that we want quality and most of us are willing to pay the difference. Their loss.

13 posted on 06/13/2015 10:48:46 AM PDT by Chainmail (A simple rule of life: if you can be blamed, you're responsible.)
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To: Jan_Sobieski

Incompetent management. Anyone who would keep a firearms manufacturer in Connecticut shouldn’t be able to take refuge in the ‘business judgment rule’.


14 posted on 06/13/2015 10:48:51 AM PDT by PAR35
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To: Jan_Sobieski

So where did the profits go from the past 7 years? No liquid was saved for slowdown in sales?

Poor planning and management. How did they not plan for a slowdown in sales after everybody stocked up.


15 posted on 06/13/2015 10:50:53 AM PDT by barmag25
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To: umgud

We have two Colts. One Combat Commander and one Python. Our most recent acquisitions is a brace of Kimber 1911s. Superb quality guns those. Accurate right out of the box, too. After the recommended break in they’re eating everything we feed them.

Sorry, Colt but the cost delta between you and Kimber just wasn’t enough to swing things your way.

L


16 posted on 06/13/2015 10:50:59 AM PDT by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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To: Chainmail

See post 16.

Best,

L


17 posted on 06/13/2015 10:52:10 AM PDT by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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To: Lurker

Nuthing wrong with Kimbers


18 posted on 06/13/2015 10:53:08 AM PDT by umgud (When under attack, victims want 2 things; God & a gun)
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To: BenLurkin

Ammend that to “any new Colt product” and I will support it!


19 posted on 06/13/2015 10:54:30 AM PDT by Delta 21 (Patiently waiting for the jack booted kick at my door.)
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To: Jan_Sobieski

I’m certain they will get a bail out just like GM.


20 posted on 06/13/2015 10:56:09 AM PDT by rey
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