Remington's Bankruptcy Sale (Formerly the PSA thread)

Discussion in 'General Firearms Discussion' started by TNTRAILERTRASH, Sep 23, 2020.

  1. ajole

    ajole Supporting Member

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    Only a leftist anti-2A, anti-capitalism judge would turn that down.

    Sadly, there are a LOT of those.
    Everyone that is owed money should be lining their lawyers up to attack if they lose out on someone willing to assume the debt.
     
    Think1st and OldOutlaw like this.
  2. Rachgier

    Rachgier Administrator Staff Member

    More like saved another gun owner and friend from looking like a fudd.
     

  3. Think1st

    Think1st Supporting Member

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    It's a ruse. Don't fall for it! Disastrous things happen when you play checkers with someone who's playing 4D Chess.
     
    undeRGRound likes this.
  4. undeRGRound

    undeRGRound ROLL wif Da MOLE! Supporting Member

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    True, but I have better things to do than worry about all the gun media minutae that is out there. I'm caring for everyone around me, the old, the lame, the crazy, etc.

    In the end most of this is going right, it just takes time.
     
    fatal-bert33, Think1st and OldOutlaw like this.
  5. Think1st

    Think1st Supporting Member

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    Gun media minutia is tough to follow, sometimes, for sure. I get email updates from the Guns America blog, so that helps, but it depends on what's going on at any given day as to whether I can take time to read up on all of that. Some days are busier than others.
     
    undeRGRound likes this.
  6. undeRGRound

    undeRGRound ROLL wif Da MOLE! Supporting Member

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    MINUTIA! thanks for the spell check LOL

    I'm busy trying to earn the money to spend to keep them afloat, FWIW ;)
     
  7. Think1st

    Think1st Supporting Member

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    I bought a couple of TSLA calls when Battery Day failed, causing a precipitous drop in TSLA's price. Because their stock goes nuts based on news events, but reverses shortly thereafter, I figured it would run back up. $1300 overnight on that trade. The last time that I made money on TSLA was when the nut job said he had funding to go private at $420 a share, which was BS, but it caused the price to spike like crazy. I bought a put, and sure enough, the price tanked. Options on volatile, newsworthy stocks are a great way to grab some extra cash. You might look into it.
     
    undeRGRound likes this.
  8. undeRGRound

    undeRGRound ROLL wif Da MOLE! Supporting Member

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    thinking of the Robin Hood app...
     
  9. TNTRAILERTRASH

    TNTRAILERTRASH Supporting Member

    A year or two back PSA had 40% of the domestic AR market. I think it is cool they have started building the AK47 copies. If their production ramps up high enough they will dominate that market.

    S&W, I would love to get a stainless 10 shot revolver. They are charging too much for an item that is a crap shoot on the quality.
     
    fatal-bert33 likes this.
  10. Think1st

    Think1st Supporting Member

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    Go with Schwab. Robin Hood makes money selling customer orders to institutional investors, allowing them to front run your orders. Schwab's fees are minimal in any case.
     
  11. Visper

    Visper AK = Automatic Killer!?! Supporting Member

    Just saw this:

    https://www.thetruthaboutguns.com/r...mington-ammo-franklin-armory-gets-bushmaster/

    Important stuff from link:

    • Vista Outdoor, Inc. as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit A with respect to the Lonoke Ammunitions Business and certain IP assets; and SIG Sauer, Inc. as the Backup Bidder thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit B with respect to the Lonoke Ammunitions Business;

    • Roundhill Group, LLC as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit C with respect to the non-Marlin Firearms Business; and Huntsman Holdings, LLC and Century Arms, Inc. as the Backup Bidders thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit D with respect to certain Firearms Business IP assets and Exhibit E with respect to certain non-Marlin Firearms Business inventory, respectively;

    • Sierra Bullets, L.L.C. as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit F with respect to the Barnes Ammunitions Business; and Barnes Acquisition LLC as the Backup Bidder thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit G with respect to the Barnes Ammunitions Business;

    • Sturm, Ruger & Company, Inc. as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit H with respect to the Marlin Firearms Business; and Long Range Acquisition LLC as the Backup Bidder thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit I with respect to the Marlin Firearms Business;

    • JJE Capital Holdings, LLC as the Successful Bidder with respect to the DPMS, H&R, Stormlake, AAC, and Parker brands;

    • Franklin Armory Holdings, Inc., or its designated assignee, as the Successful Bidder with respect to the Bushmaster brand and certain related assets; and

    • Sportsman’s Warehouse, Inc. as the Successful Bidder with respect to the Tapco brand.

    Things that intrigue me:

    Ruger getting Marlin
    Franklin getting Bushmaster
    Sportsman's Warehouse getting Tapco.
    JJE (PSA) getting DPMS, H&R, AAC
     
    fatal-bert33 likes this.
  12. Rachgier

    Rachgier Administrator Staff Member

    Y'all know who Vista is, right?
    Bushnell, Weaver, Simmons, tasco, RCBS, Federal, CCI, Speer, Blazer, Fusion, American Eagle, Alliant Powder.... just to name a few...
     
    ajole likes this.
  13. ajole

    ajole Supporting Member

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    That's a good thing if they are looking to ramp up production to appease the masses.
     
  14. ajole

    ajole Supporting Member

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    What I REALLY want to see is how Ruger screws up the Model 60 and 336. Will they push it down market with crappier parts so it won’t compete with the 10/22? Will they use MicroGroove rifling in the 10/22?

    Interesting regardless.
     
    Twisty and Rerun like this.
  15. Rachgier

    Rachgier Administrator Staff Member

    @TNTRAILERTRASH , Visper already covered all of that in his post. You should try reading on your own instead of waiting for a toober to translate it for you.
     
  16. mn_doggie

    mn_doggie Member

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    So there are 4 primer manufacturers in the US... Winchester, Remington, CCI and Federal.

    After this buy, Vista will own 3 of them.

    Federal/ CCI are now selling ammo directly from their website. CCI's Blazer (though currently out of stock) was listed at $19.99 a box for 115 gr/ 50 rnds.

    My take from this all is look for higher prices to continue well past this current situation. Why ship everything to distribution when you can make more profit selling directly.
     
    Last edited: Oct 1, 2020
  17. wganz

    wganz Supporting Member

    on ARFcom, PSA posted in a thread that they were going to resurrect H&R Garands.
     
    lklawson likes this.
  18. DIRSUPop

    DIRSUPop Member

    The didn't get the ammo, but they got a lot more....
    DPMS, H&R,Stormlake, AAC, and Parker brands
     
  19. In a press release on September 30th Ruger president and CEO Chris Killoy said in regards to the acquisition of Marlin: “The brand aligns perfectly with ours and the Marlin product portfolio will help us widen our already diverse product offerings.” The deal with Ruger is exclusively for the Marlin Firearms assets and not any of the buildings or real estate that Remington owns.

    Wouldn't it be cool if Ruger revived the NEF series of single shot rifles and shotguns?
     
    Rerun, moona11 and Think1st like this.
  20. Rachgier

    Rachgier Administrator Staff Member

    Dude, you're SO freaking late to this shit show. We've already got open threads about it...