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Colt Defense Files for Chapter 11
Dow Jones Business News NASDAQ ^ | June 14, 2015, 09:15:00 PM EDT | by Dow Jones Business News

Posted on 06/14/2015 10:43:43 PM PDT by Spktyr

Gun maker Colt Defense LLC said late Sunday it is filing for chapter 11 bankruptcy-court protection, amid business- execution issues and a heavy debt burden.

(Excerpt) Read more at nasdaq.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: banglist; colt
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To: Spktyr
Puns, the lowest form of humor.

In some ways, Samuel Johnson was a very small man, but:
"A pun is the lowest form of humor - when you don't think of it first." - Oscar Levant
"Of puns it has been said that those who most dislike them are those who are least able to utter them." - Edgar Allan Poe

21 posted on 06/14/2015 11:11:59 PM PDT by nickcarraway
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To: tallyhoe

Bill Ruger also supported the AWB (to, as he said, handicap his competition who all made higher capacity handguns than him - he favored a 15 round cap which happened to be the most he could get in one of his designs - as well as save his baby, the Mini-14) but since his death his successors have turned completely around and been very staunch supporters. Also, Ruger never ignored civilian sales or complaints as they had no military contracts to speak of.


22 posted on 06/14/2015 11:13:30 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: nickcarraway

Perhaps, but yours wasn’t even a *good* pun. :P


23 posted on 06/14/2015 11:14:50 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: Spktyr

“No honest man needs more than ten rounds in any gun”

Bill Ruger.


24 posted on 06/14/2015 11:20:19 PM PDT by ltc8k6
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To: tallyhoe

Same here! Single Six and .45 Blackhawk with the short barrel.
And SR9 and LC9. And a 10/22. I think that’s it.


25 posted on 06/14/2015 11:21:15 PM PDT by tumblindice (America's founding fathers: all armed conservatives.)
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To: Spktyr

You don’t think Springfield would be second in line?
Much better than Glock, and the make long guns as well.


26 posted on 06/14/2015 11:25:46 PM PDT by rikkir (Anyone still believe the 8/08 Atlantic cover wasn't 100% accurate?)
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To: ltc8k6

He soon learned others’ opinion of that. He was reportedly privately bitter that the people who’d promised him that he’d get his 15 round cap had lied to him and he tried to put a good face on it.

I refused to buy a Ruger after that until he died and the new management started offering all the things he said he’d never sell - 1911s, AR pattern rifles, non-LE ‘high’ capacity magazines, etc., etc.


27 posted on 06/14/2015 11:26:33 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: rikkir

That’s why I said in terms of popularity, if that was any gauge.

I’d actually say Ruger might be next because they sell quite a few guns. Springfield doesn’t quite have Ruger’s sales volumes.

Springfield, Ruger, Glock - just three out of a lot of good, leading arms companies.


28 posted on 06/14/2015 11:27:51 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: Spktyr

S&W also tried to appease the gun grabbers...


29 posted on 06/14/2015 11:28:25 PM PDT by ltc8k6
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To: tallyhoe

Too many safety features on the Ruger striker fired pistols but at least their revolver is a real ‘six-shooter’, that is, you can put the hammer down on a cartridge and not worry about shooting yourself.


30 posted on 06/14/2015 11:29:20 PM PDT by tumblindice (America's founding fathers: all armed conservatives.)
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To: Spktyr

As bad as that was, I’m still more pissed at Smith and Wesson: http://www.rense.com/politics6/sellout.htm


31 posted on 06/14/2015 11:34:00 PM PDT by The Unknown Republican
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To: Spktyr

Just asking, the link was in 93’. Did they change their tune as it’s now 2015? Webber supposedly was general counsel for Colt back many years ago. It’s like having the company attorney speak for the rest of the company.


32 posted on 06/14/2015 11:35:05 PM PDT by max americana (fired liberals in our company last election, and I laughed while they cried (true story))
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To: Spktyr

They’d probably be doing okay if they had stood up and said they were moving out of CT...


33 posted on 06/14/2015 11:38:03 PM PDT by ltc8k6
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To: Spktyr; All

Something somewhat different: A gunwriter in this month’s ‘Guns’ magazine writes that the 9 mm Browning Hi-Power, any year, can reliably feed any kind of cartridge.
It was my understanding that it will only reliably feed full metal jacket rounds, and not hollowpoints.
Anyone know?
(I have found out if you have a forged barrel +P ammo is OK.)


34 posted on 06/14/2015 11:42:09 PM PDT by tumblindice (America's founding fathers: all armed conservatives.)
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To: Spktyr
There’s lots of very good manufacturers out there these days with excellent products. Many also have good products.

Excellent malaprop.

35 posted on 06/14/2015 11:43:04 PM PDT by Ken H
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To: Spktyr

I’m slightly surprised by this. When I bought my first gun store weapon, dealer told me to stay away from Ruger in the semi models. Said they were good revolvers.
Ended up with a Kimber. Loved the XD though. Also got a Springfield WWII 1911 replica. Smoothest firing weapon I’ve ever fired.


36 posted on 06/15/2015 12:00:36 AM PDT by rikkir (Anyone still believe the 8/08 Atlantic cover wasn't 100% accurate?)
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To: ltc8k6

Yup, and they almost died. Though under new ownership and now apparently supporting civilian ownership, they never did repudiate that sellout agreement...


37 posted on 06/15/2015 12:20:35 AM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: rikkir

The classic Ruger semi autos (save for the P85) are built like tanks and very reliable, but their accuracy is just ‘acceptable;. On the other hand you can use one as a hammer and it won’t care.


38 posted on 06/15/2015 12:21:49 AM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: max americana

They started changing their tune in ~2012 - when they lost their last .gov contract. And then only grudgingly.


39 posted on 06/15/2015 12:22:39 AM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: The Unknown Republican

They still haven’t repudiated the agreement, and I still won’t buy one, no. But Colt wasn’t exactly too far behind them and was considering signing the same deal before the market backlash occurred.

Colt did sign up to the smart gun thing and took government money to develop one.


40 posted on 06/15/2015 12:23:54 AM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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