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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

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Sooo, Colt pissed all over the civilian market for 50 years, supported anti-2nd legislation and thought their fat government contracts would last forever. Now their contracts are all gone and the civilian market is supposed to save them?

No. This is well deserved.

1 posted on 06/14/2015 10:43:44 PM PDT by Spktyr
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To: Spktyr

From NYC and embarrassed but dont know much about guns. for some reason, i thought Colt was really popular.


2 posted on 06/14/2015 10:46:43 PM PDT by dp0622
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To: Spktyr

Yet, we’ll still be calling the bullets, .45” A.C.P., long after Colt is a distant memory....


3 posted on 06/14/2015 10:47:50 PM PDT by __rvx86 (Ted Cruz: Strike two.)
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To: Spktyr

“supported anti-2nd legislation”

Whu what?


4 posted on 06/14/2015 10:50:04 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: mylife

ping


5 posted on 06/14/2015 10:50:51 PM PDT by StoneWall Brigade
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To: __rvx86

And .45 long Colt for revolver food.


6 posted on 06/14/2015 10:51:35 PM PDT by tumblindice (America's founding fathers: all armed conservatives.)
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To: dp0622

They have good marketing but their products, when viewed objectively, just are unable to compete on price/performance, price/quality or really much of anything else any more. Add to that the deliberately crippled products they’ve shipped over the years (Google “small hole colt lower” and “colt lower block” for a couple of items), their terrible customer service, their undying-until-recently contempt for civilian buyers and poor customer service and you can see they have problems.

They’ve also taken bailout money at least once that I can recall. They’re the General Motors of guns at this point.


7 posted on 06/14/2015 10:52:37 PM 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

> “supported anti-2nd legislation”

Whu what?

That’s what I’m saying. What “pissing” did Colt do on the 2nd amendment?
The first I’ve heard of this too.


8 posted on 06/14/2015 10:54:32 PM PDT by jsanders2001
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To: max americana

Colt supported the 94 AWB.

https://news.google.com/newspapers?nid=1454&dat=19931010&id=evVOAAAAIBAJ&sjid=4RQEAAAAIBAJ&pg=1702,3756098&hl=en

They also supported several NE gun control bills over the years until recently they finally figured out that 1) civilian sales were important and 2) they’d made it illegal to sell their products to civilians in several states despite solemn promises from the politicians they supported that this would not be the case.


9 posted on 06/14/2015 10:56:31 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

wow. I had no idea. Who would be the bigshot on the block of gun manufacturers these days. I’m thinking of going to a range and i know Nothing i’m sorry to say.


10 posted on 06/14/2015 10:59:14 PM PDT by dp0622
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Related reading: http://www.thetruthaboutguns.com/2015/01/daniel-zimmerman/colt-will-never-build-another-python/


11 posted on 06/14/2015 10:59:39 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: dp0622

There’s lots of very good manufacturers out there these days with excellent products. Many also have good products.

If popularity is any indication, Glock is probably the number one seller of handguns in the world at this point. I dislike most Glocks, but that’s mostly on an ergonomics and interface basis. They’re well built for the most part.


12 posted on 06/14/2015 11:01:36 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
Wait, wasn't the Colts defense hurt because of deflated balls.

From your comments it sounds like patriots hurt Colts Defense.

13 posted on 06/14/2015 11:01:47 PM PDT by nickcarraway
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To: tumblindice

PS And now Ruger SA pistols are eating Colt’s lunch.


14 posted on 06/14/2015 11:03:26 PM PDT by tumblindice (America's founding fathers: all armed conservatives.)
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To: nickcarraway

...

Puns, the lowest form of humor.


15 posted on 06/14/2015 11:03:51 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: jsanders2001

See prior posts upthread; Colt spent much of the 90s supporting gun control.

More here, admittedly from a non-major news source; the interview was confirmed accurate by Colt, though. http://www.ncc-1776.org/tle1998/libe42-19980727-01.html


16 posted on 06/14/2015 11:04:47 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

Er, many also have good prices, that is.


17 posted on 06/14/2015 11:06:42 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: jsanders2001

Sorry, here’s the original article in the Philly newspaper: http://articles.philly.com/1998-07-13/news/25738137_1_gun-control-proposals-gun-control-federal-gun


18 posted on 06/14/2015 11:07:07 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: jsanders2001
 
 
Some kinda nonsense that went down towards the end of the Clintoon regime from what I can recall - they were hedging their bets (being cowards) about lawsuits against manufacturers and going along with the politically inspired "smart gun" development - a dig around the internet could turn up better details.
 
 

19 posted on 06/14/2015 11:07:57 PM PDT by lapsus calami (What's that stink? Code Pink ! ! And their buddy Murtha, too!)
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To: Spktyr

I always bought Rugers!!!


20 posted on 06/14/2015 11:10:29 PM PDT by tallyhoe
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