In Memory of Colt - RIP

[05CarbonDRZ]

These are my Colts, it would be a shame to see a company shut down that made such good quality firearms

A Python with Goodyears is a shame!

 

[AnthonyF]

Colt D Frames.

DS / Agent / Cobra

Colt Official Police 1953 (came with the box, paper work and original sales receipt)

 

[deenb]

Colt may be down but they're not out. Of course that's the same thing I said about Winchester.

 

[Texas Star]

Is this just Colt's military sales div., or is the consumer div. also AFFFFCTED? rEPORTS ON THE nET VARY.

dANG. Bleeping Caps Lock again. But I'm not gonna retype.

 

[Cyrano]

I'm not really a Colt guy, but I managed to get a few.

Photos 1 and 2: Banker's Special with box and papers, in 22 caliber.

Photo 3: Elderly Colt 22/45 convrsion unit.

Photo 4: My old C33 target 45. Sold it once and got it back again.

Photo 5: A Model 1889, I think, in 41 Colt. Note no cylinder stops; they were on the back face of the cylinder. I didn't
keep this one long as it was a real wreck.

 

[KEN L]

Aw, it's easy to file for bankruptcy, Colt's done it a bunch of times. They'll be fine!

Bicentennial Detective Special

 

[Bigdog357]

A Python with Goodyears is a shame!

Alright I new I would catch grief, here she is with her original grips, I throw the rubber shoes on for my shooting pleasure

http://i723.photobucket.com/albums/...n_zpswqogrol5.jpg?1434426846818&1434426856688

Sorry I don't know how to show the pic on the page using photobucket, but here is the link

 

[STCM(SW)]

Engraved on a Colt SAA:
"Be not afraid of any man, no matter what his size.
If danger threatens, call on me and I will equalize"


Cobra


Python



1917 Custom



Woodsman


DS

 

[Absalom]

Exactly one hundred years ago, when Colt ruled the police market :

A Colt Police Positive, shipped in 1915 to the Audley Safety Holster Company, located at that time at 8 Centre Market Place, across the street from the back entrance to NYPD HQ in lower Manhattan.
Stamped with the NY patrolman's shield number, as was required until about the 1960s.

 

[DocB]

Here's another Colt Police Positive 38 circa 1914. I picked it up for $200 last year. It has a stone mint bore which is why I got it. Shoots good too. The other gun is an 1878 Colt DAA New Frontier in 45 Colt that sold in 1892. Got it 5 years back from a friend who wanted $235 to pay his electric bill. I told him it was worth more but all he would take is the $235. Who knows how it shoots. I've only shot primed cases in it to check the alignment.

 

[Voyager28]

Is this just Colt's military sales div., or is the consumer div. also AFFFFCTED? rEPORTS ON THE nET VARY.

dANG. Bleeping Caps Lock again. But I'm not gonna retype.

Colt Defense LLC and Colt manufacturing merged in 2013, so, yes, it is all one company.

Bob

 

[Voyager28]

This Colt-going-bankrupt type of thread is on this forum in at least two other places, and everyone's saying the same ol' thing over and over. It's gotten tiresome. Colt is still far from being in an "R.I.P." status.

You may well be right and Colt may emerge from this filing and still be in business and this may surely be an exercise in beating a dead horse. But, IMHO, if they go belly up they deserve it.

Colt is now, and has for a long time been, a poorly, if not fraudulently, managed company. It has a long history of questionable SEC filings which have had to be repeatedly revised because of patently misleading and false statements. Its latest annual report, which was filed in May of 2015 covered 2013, not 2014 as it should have. The bankruptcy filing is the latest in a long history of financial troubles at the company. The company has been unable to pay the interest on the bonds for the better part of a year, borrowing from Morgan Stanley in November in order to make a $10.9 million interest payment. They failed to make an interest payment owed last month of $10.9 million, and the timing of the bankruptcy was determined by that default.

In 2009, the company issued $250 million in bonds, which are, they now say, the cause of the current bankruptcy. This filing is aimed at eradicating that $250 Million in unsecured debt. Guess who takes that loss in the shorts. That's right, the Bond Holders. The company comes out with a clean balance sheet and the Bond Holders lose all of their money. This is the third time they have done this. It seems to be a recurring theme: Poorly manage the company, run up an unpayable debt, file Chapter 11 and screw the bond holders.

So, please excuse my rant, but is Colt does, indeed, go into a RIP mode I will not be shedding any tears.

Bob

 

[JT3357]

Here's my Colt Frontier Scout in nickel (1968) and my Colt Gold Cup Trophy in Bright Stainless (2000).

 

[505Gibbs]

Here's mine from their Custom shop :

 

[Brian41]

Nice guns pictured. I sold off all my Colts except for a Mustang a few years ago when I needed to clean out my safe. I liked them okay except for the double action on their revolvers. I'm more of a S&W fan anyway and kept most of them instead.
Hopefully Colt will survive this but does sound like they have a history of poor management.

 

[3rdgeargrndrr]

They will just get bought out by a CHinese company bent on making everything out of MIM,
hmmm, like SW 20 years ago

 

[jinx]

Looking at the history of Colt, it would appear that they have been broke or bankrupt longer than they were solvent.

 

[inspcalahan]

Here's a couple from the herd that I had pictures close by of....
(and I'm betting Colt will just "restructure" and survive as usual...maybe move somewhere they can afford the labor?? Similar to what Buck Knives did about 10 years ago when they fled California for Idaho, minus the bankruptcy part )

 

[coltle6920]

Here's my Colt Officer's Model...from around 1922 I think.

 

[PALADIN85020]

Here are a few.

John