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Colt's Finally Going Under ??

Posted on 3/4/17 at 6:50 pm
Posted by dawg23
Baton Rouge, La
Member since Jul 2011
5065 posts
Posted on 3/4/17 at 6:50 pm
LINK

I personally doubt if it's imminent. But unless someone steps in with a bunch of $$$, it sounds more and more like it might be inevitable.

Worse than going under, someone like the Freedom Group might buy them -- and ruin them -- like what they have done with Remington and others.

If there's a special Colt model anybody has been considering, this might be the time to snag it.
Posted by Sancho Panza
La Habaña, Cuba
Member since Sep 2014
8161 posts
Posted on 3/4/17 at 6:57 pm to
No they are not!!!
Posted by rebelrouser
Columbia, SC
Member since Feb 2013
10794 posts
Posted on 3/4/17 at 7:15 pm to
I've always wondered why they never tried to get back in the revolver game (beside their single action army replica stuff). Pythons, King Cobra, Detective, Trooper are all selling for lots of money and people love them. I guess they got rid of all the tools and machines but Colt Python was a really great 357. I would think they could toss Ruger to the curb and go after Smith who is really up and down.
Posted by TigerOnThe Hill
Springhill, LA
Member since Sep 2008
6837 posts
Posted on 3/4/17 at 10:08 pm to
While the demise of Colt is truly sad, it's not surprising. Colt's been in and out of financial problems for years. A big part of their financial problems was the inability to appeal to the civilian market. Instead, Colt continued to feed at the trough of defense/law enforcement money. As those contracts dried up, they got into trouble. During a time of record gun sales, Colt went under. It's amazing to grasp how badly mismanaged Colt was. Despite the booming concealed carry market, Colt was never really a player.
This post was edited on 3/5/17 at 12:35 am
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
66523 posts
Posted on 3/5/17 at 9:39 am to
About time
Posted by Kino74
Denham springs
Member since Nov 2013
5348 posts
Posted on 3/5/17 at 12:27 pm to
Colt really failed to understand the market. I have a colt Ar15 and don't get me wrong it's good but nowadays BCM, LMT and DD are all in the price range and offer much more better value and configurations. When you have a company that snubbed it's nose at the civilian market and allowed competitors to spring up and offer products equal to or better for the same money, that company is in trouble.

And that's just the Ar15. Look at how many M1911s are on the market today that would be some ones first choice in 1911s.

Then where is their pistols in the polymer pistol category? Smight & Wesson has a great line put and no real competition from Colt.

It's on and on and tragic that such a great name has fallen to almost obscurity.

What Colt needs to do is get hot and heavy on new Ar15s, produce a line of polymer pistols much like Smith & Wesson has done and work on the 1911s more. Make a gun that isn't an alternative but the standard. I'd like see such a storied company stay in business and produce desirable firearms.
Posted by Cracker
in a box
Member since Nov 2009
17910 posts
Posted on 3/5/17 at 3:16 pm to
Debt load pensions union wages production if they can't be profitable in the past 8 years not gonna happen. RIP
Posted by Slickback
Deer Stand
Member since Mar 2008
27693 posts
Posted on 3/5/17 at 3:46 pm to
What's a python in good condition worth?

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