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Colt: Chapter 11
Discussions related to Guns and Firearms

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DallanC
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Joined: Jan 18, 2005
Posts: 3249
Location: Utah

PostPosted: Mon Jun 15, 2015 12:00 pm    Post subject: Colt: Chapter 11 Reply with quote

Wow... surprising.

www.msn.com/en-us/mone...?li=AA4Zjn


-DallanC
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Gil Martin
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Joined: Jan 28, 2005
Posts: 1745
Location: Schnecksville, PA

PostPosted: Mon Jun 15, 2015 1:38 pm    Post subject: Re: Colt: Chapter 11 Reply with quote

I hate it when that happens. All the best...
Gil

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Vince
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Joined: May 25, 2005
Posts: 14125
Location: Brisbane AUSTRALIA

PostPosted: Mon Jun 15, 2015 10:05 pm    Post subject: Re: Colt: Chapter 11 Reply with quote

Greedy Executives. I'm seeing it more and more in big business these days. It seems that the Executives have a grossly inflated opinion of their worth and value.

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BigBlue
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Joined: Jan 16, 2006
Posts: 1108
Location: Lehigh Township, Pennsylvania

PostPosted: Tue Jun 16, 2015 3:06 am    Post subject: Re: Colt: Chapter 11 Reply with quote

Vince wrote:
Greedy Executives. I'm seeing it more and more in big business these days. It seems that the Executives have a grossly inflated opinion of their worth and value.

Yet they say they will keep the current management in place? That doesn't lend itself to a whole lot of confidence in the company.
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PaulS
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Joined: Feb 18, 2006
Posts: 3786
Location: South-Eastern Washington - the State

PostPosted: Tue Jun 16, 2015 7:20 pm    Post subject: Re: Colt: Chapter 11 Reply with quote

I wonder what they will market to get above the chapter 11 business. They need to have some kind of income to pay their debts and if they sell off equipment then they have nothing.

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MacD
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Joined: Apr 08, 2011
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Location: Canada

PostPosted: Wed Jun 17, 2015 4:24 am    Post subject: Re: Colt: Chapter 11 Reply with quote

Perhaps the filing is more strategic than economic. Wait and see who owns what and who loses the most. Production may also move regardless of assurances. The plant in Canada will stay because that is part of the contractual requirement or so I assume.

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