Remington files for Chapter 11

[rkwood]

Are you sure that was Remington?

I don't believe that Remington made 1903s or 1903A3s until WWII.

Sent from my SM-G930U using Tapatalk

 

[the ringo kid]

^^^^^^^^Yessir, its Remington. ^^^^^ Anyway, I was told it was built 1918-but I really don't care what its year is? its a beauty. Ive only one photo-which I posted and it was upside down. I don't know who all can see it? I can but others say they cannot???? Anyway, Remington is its maker. Another dealer said it was made by Springfield inspite of Remington being stamped on it???? Stuff like that makes me want to gagna.... Even if it is a WWII Rifle--I'm please as peach pie anyway. At least I know from Will-who inspected it through and through-gave me the approx. values--but not the age I was quoted-that was the original private seller. I was only going on the year he quoted. I'm absolutely zero % expert on these, but do know more about Carbines and Garands-enough to fill a thimble though. )

 

[italiansport]

I've talked to lots of people about Remington's demise, and most seem to agree that they should have stayed out of handguns. No idea how much they spent doing so, but between that and the Model 700 issues, it must have been pretty expensive . . .

Muss: I suspect this is correct. Aside from their 1858 revolver and their double derringer I'm at a loss to come up with a model they may have sold in a large enough quantity to make money. I have a couple of examples of their original model 51 and I personally believe it was the best built and certainly the most innovative pocket pistol of it's time but Colts Model 1903 outsold it by a huge margin.
Jim

 

[muddocktor]

The last Remington I bought was Saturday, so I kinda did my part. However, it was an .03 made in 1918. So not really. However, I do buy their ammo.

Thanks for posting that man. I forgot about the fact that the sporterized 03-A3 Springfield I bought last year is a Remington build. So I do own a Remington rifle, even though it is not their own original design.

 

[dben002]

Looking at their site, it's not hard to understand....They don't have much to offer and surely can't be competitive in the handgun market.

They offer 3 handguns....

a 380 (overpriced for what it is)
a R51
9mm (talk about ugly handguns..George Jetson would be proud to own one of these)

a R1 1911 (38.5 oz empty....I ain't carrying something like that around)

a R1 Anniversary edition ($1.649.00) ($42.83per oz)...(no way).

As a matter of fact, can't tell you the last time I even saw
a remington handgun at a dealer......

Don't think ammo, rifles and shotguns will be enough to pay the bills......

 

[sar4937]

And they absorbed Rohrbaugh and jobbed the 1911 out.

 

[pharmer]

Gun biz needs to do 2 things:

1) Make products people want to buy and represent a good value.
2) Move manufacturing to gun friendly states which are coincidentally warmer, have skilled workforce and avoid the $85/hr "wage package" the UAW currently demands. Good guns need some extra "person hours."
Flame suit on after #2. Joe

 

[SOTVEN]

Remington going under???

Is it really? or is it some sort of legal/accounting b.s. that has them declaring chapter 11?

 

[Funflyer]

My guess is that before it's over they'll be gutted like a fish.

 

[muddocktor]

JMHO but I suspect that, after this weekend, there will be a humongous surge in sales of guns, ammo and accessories. Historically, every time the antis make a serious push for gun control, there is a backlash by the gun buying public.

I don't know what sales are like, but I can tell you the experience I had yesterday evening while at my FFL guy's place picking up a model 27 I had bought off GB. After filling out the 4473, he went to call it in and when he dialed in all the representatives were busy. After waiting 5 minutes, he hung up and did the check online through his computer. Just last month I bought a 1911 and when he called in for that one he immediately got a rep to get approval. So to me that says that sales must be up right now.

 

[bobcat]

I'd hate to see Remington go under, I've got, what, 4 of them in my safe and they've been great guns. My .270 700 I bought in 1977 with my last paycheck from the Air Force, and it's killed a truckload of deer, antelope, 1 moose and lots of coyotes. I've got a couple of .22's and an 11-87 upland special that is my go to bird gun. I hope they can be saved.

 

[nachogrande]

NOT MY FAVORITE 22'S, BUT...

The big buckets of Rem golden 22 LR caliber bullets I've seen in the news going on sale. How much $, IDK. A shame to see such an OLD, once excellent mfg go from first to worst, to belly up. Regretting all over again letting vintage Lt 20, 700 30-06's get away/sell.

 

[the ringo kid]

This is mine=pictured is a Remington-and mine is in much better condition.

I think there might be some slight differences between mine and this one? not sure? anyway, this one best resembles mine-and cant compare till a kind soul gets my photo here.

One thing I noticed, mine doesn't have the same type back sight as the one above-mine is the sliding type-like you see on Sgt. Yorks rifle.

 

[jtcarm]

I'll put it to you in legal terms. You are SOL. In the grand scheme of things you are listed as an unsecured creditor which means you will get zip, nada, zilch.

I'm wondering whether this is a prepackaged 11 or not. Lots of times these are already set up with the creditors involving equity swaps, etc. The bankruptcy can dust off potential liabilities for product defects, other debt that can be shed while keeping assets, labor contracts, etc. OR it could be he beginning of an orderly selling off the company assets.....Since I am not on the legal team, I can only surmise. onestly though what Remington firearm would you consider buying in today's market? Certainly not their shotgun lines as other manufacturers have much better products. Handguns? Nope. The only thing that they have that might be worth anything is their tainted 700 line of rifles. GO look in a Cabella's ans see how many Remington firearms are on the shelf. Not many. Hell for that matter how many RUger 77's or Hawkeyes do you see on the shelfs? You got Ruger Americans and Savages and Mossburgs and Titkas. When was the last time you saw a rack of Model 70's, 700's or 77's. The manufacturers are now building to price points, and while the guns are good, they are not the "quality" we grew up with, simply because they are too expensive to produce. They are made to go band and hit what you are aiming at as cheaply as possible.

Roll back the clock 25 years (maybe more.)

Savage was circling the drain.

Who would’ve thought they’d be kicking Remington’s butt?

I have some thoughts on “quality”, but I’ll save em for another thread.

 

[Muss Muggins]

So to me that says that sales must be up right now.

Or reps are down . . .

 

[GF]

New 870's that won't cycle and the R-51 pistol that was a recall out of the gate didn't help.

Poor quality and lack of sales = bankruptcy.

GF

 

[Golddollar]

I'll put it to you in legal terms. You are SOL. In the grand scheme of things you are listed as an unsecured creditor which means you will get zip, nada, zilch.

I like that kind of legalese.

 

[woodsltc]

Pretty much a classic case of poor management decisions......from making crappie handguns, not correcting the M700 trigger problems before the law suits began, to lousy QC of their ammo. Remington just continued to shoot themselves in the foot (pun intended).

That said, their was a time they were the "King of the Hill" in long guns and ammo and thy have a name that is synonymous with firearms....I think that someone will buy-out the name and Remington will continue in some form.

Don

 

[Muss Muggins]

I like that kind of legalese.

Those are all terms of art in the Napoleonic Code . . .

 

[Narragansett]

I hate to see a company like this in trouble, but they are their own worst enemy. They have downgraded their products for years. There is nothing worse than Thunderbolt rimfire ammo. Frankly I bought my last Remington product when they closed the Lordship club, and then closed and moved the shot tower in Bridgeport