Delaware Concealed Carry Forum

General Gun Discussion => Handgun Corner => Topic started by: ChrisCar on June 10, 2015, 10:37:32 PM

Title: Per CNN: Colt teetering on bankruptcy
Post by: ChrisCar on June 10, 2015, 10:37:32 PM

Article too long to reproduce here.   It can be found at: http://money.cnn.com/2015/06/10/news/companies/colt-bankruptcy/index.html?iid=ob_homepage_deskrecommended_pool&iid=obnetwork (http://money.cnn.com/2015/06/10/news/companies/colt-bankruptcy/index.html?iid=ob_homepage_deskrecommended_pool&iid=obnetwork)

Short version: they missed a nearly-$11 million payment in May and admitted in a government filing that the missed payment raises "substantial doubt about the company's ability to continue as a going concern." 

Title: Re: Per CNN: Colt teetering on bankruptcy
Post by: SturmRugerSR9 on June 11, 2015, 12:55:32 PM

More than likely the fault of poor marketing and management.

Title: Re: Per CNN: Colt teetering on bankruptcy
Post by: RetCapt1994 on June 11, 2015, 09:30:03 PM

Colt has been teetering on the edge for years. It would be a @@@@ shame if the company went 10-7. Colt is a part of our history and it should remain in business. I wish a responsible company would take them over and get them on track.

Title: Re: Per CNN: Colt teetering on bankruptcy
Post by: robberbaron on June 11, 2015, 09:59:12 PM

My guess is the name will live on, but the company may not.

Title: Re: Per CNN: Colt teetering on bankruptcy
Post by: oldgraygeek on June 11, 2015, 11:21:34 PM

If I hadn't just completed my collection of Glocks, I'd rush down to Middletown for a 10mm Delta Elite.

Title: Re: Per CNN: Colt teetering on bankruptcy
Post by: Federal Firearm on June 11, 2015, 11:37:12 PM

Quote from: oldgraygeek on June 11, 2015, 11:21:34 PM

If I hadn't just completed my collection of Glocks, I'd rush down to Middletown for a 10mm Delta Elite.

I just happen to have one of those... ;)

Title: Re: Per CNN: Colt teetering on bankruptcy
Post by: Tonym on June 12, 2015, 03:58:19 AM

Someone will buy the rights to the name brand, dont worry.

Title: Re: Per CNN: Colt teetering on bankruptcy
Post by: Adrenolin on June 12, 2015, 09:26:32 AM

I'm thinking a national bailout is needed here! Why not.. everyone else tends to think then need one.

Heck.. I'd take a bailout  ;D

Title: Re: Per CNN: Colt teetering on bankruptcy
Post by: del elec on June 12, 2015, 11:14:08 AM

Maybe now I'll find that $1000 Python I've been searching for.  ::)