Colt Being Gutted?

[dougiemac]

"Whether this is a handful of layoffs or a gutting of the company is yet unknown...Colt has been trying to make its way back to normalcy, after bankruptcy rocked the company in 2015. The company debuted its newly reintroduced Cobra revolver at the 2017 SHOT Show, a firearm developed in part due to the efforts of the Custom Shop. The Custom Shop also helped debug the Defender compact 1911 variant."

Reference: http://www.thefirearmblog.com/blog/...op-director-employees-company-rumored-gutted/

 

[WyldeDime]

How many times has Colt went bankrupt? 2-3? Good lord, you'd think that would be one company that should be able to make money.

 

[Willy Leadwell]

How many times has Colt went bankrupt? 2-3? Good lord, you'd think that would be one company that should be able to make money.

You would think, but it only takes a little bit of poor management to screw up a sure thing. People see tons of money rolling in and they assume you're making a lot of profit, but in the real world it doesn't work that way.

 

[karlvv]

A lot of folks bet on hillary winning. Gun stocks are down and everyone has taken a hit. It will balance out like it always does and the best companies will survive.

 

[Mac11FA]

Election year and all aside. Most companies that need to make cuts or cut backs typically do it this time of year. Most like to wait until after the holiday season. In manufacturing in general I have seen it time and time again over my 25 years in that arena. Hopefully, things will turn around for Colt. Look at what Chrysler has been through as well as Caterpillar. They have always found a way back. Fiat was supposed to save Chrysler and I heard that tanked. Caterpillar has tax issues and with the IRS raid on their corporate offices last week the stock has plummeted. My guess is this first year will be a rocky one but may stabilize by 2018.