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Author Topic: Per CNN: Colt teetering on bankruptcy  (Read 10566 times)

ChrisCar

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Per CNN: Colt teetering on bankruptcy
« 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

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." 
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SturmRugerSR9

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Re: Per CNN: Colt teetering on bankruptcy
« Reply #1 on: June 11, 2015, 12:55:32 PM »
More than likely the fault of poor marketing and management.
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RetCapt1994

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Re: Per CNN: Colt teetering on bankruptcy
« Reply #2 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.
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robberbaron

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Re: Per CNN: Colt teetering on bankruptcy
« Reply #3 on: June 11, 2015, 09:59:12 PM »
My guess is the name will live on, but the company may not.
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oldgraygeek

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Re: Per CNN: Colt teetering on bankruptcy
« Reply #4 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.
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Federal Firearm

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Re: Per CNN: Colt teetering on bankruptcy
« Reply #5 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... ;)
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Tonym

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Re: Per CNN: Colt teetering on bankruptcy
« Reply #6 on: June 12, 2015, 03:58:19 AM »
Someone will buy the rights to the name brand, dont worry.
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Adrenolin

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Re: Per CNN: Colt teetering on bankruptcy
« Reply #7 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
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del elec

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Re: Per CNN: Colt teetering on bankruptcy
« Reply #8 on: June 12, 2015, 11:14:08 AM »
Maybe now I'll find that $1000 Python I've been searching for.  ::)
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