Colt near bankruptcy

[nyslowhand]

Sam Colt is probably rolling over in his grave. Too bad for such an iconic firearms company that played a big part in our American history. Guess I should remove a 1911 from my wish list.

 

http://money.cnn.com/2015/06/10/news/companies/colt-bankruptcy/

[The_Field_Ager]

looks like the bond-holders are going to cut their own noses off to spite the face.

[Setters4life]

Colt did it to themselves. They shied away from the commercial market, ignored them actually, focused on their military contracts, then lost that too in 2013 to FN.

 

Now used Python's are selling for $2,000.

[growalot]

Weren't they in the same type of position about 9 yrs. ago...I'm having a Kodak moment...

[Mr VJP]

Sam Colt went bankrupt once as well.  The Paterson NJ factory was closed but a new design kept the company alive.  Colt today is not making smart management decisions, but I think they will restructure and reorganize, keeping the company alive, or at least the company name and some of it's products.

 

You'll still be able to buy a 1911 or an AR rifle if they fold, but it will just have a different name on it.  Colt's best chance IMHO is to start making it's revolvers it's main product.

That would include it's Single Action Army models too.

 

[ants]

I think that if Colt got back into the double action revolver game, they would at the top of the heap or at least neck and neck with S&W.

 

[Mr VJP]

Colt gets to live a little longer.  They managed to get a loan from somebody to stay afloat.

 

[nyslowhand]

Really hope that Colt can survive, it's such an iconic American firearms company! BUT...also hope they have learned their lesson and can adapt & change their mgmt/development principles. They can only hang on to the glory of the 1911 and AR15 for so long without adapting to new trends, technologies or markets before completely going under.

 

Best of luck to Colt and their ability to re-invent themselves!