Colt: Chapter 11

DallanC · Site Admin Joined: Jan 18, 2005 Posts: 3559 Location: Utah

Wow... surprising.

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

-DallanC

Gil Martin · Posted: Mon Jun 15, 2015 1:38 pm Post subject: Re: Colt: Chapter 11

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

Vince · Posted: Mon Jun 15, 2015 10:05 pm Post subject: Re: Colt: Chapter 11

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.

BigBlue · Posted: Tue Jun 16, 2015 3:06 am Post subject: Re: Colt: Chapter 11

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.

PaulS · Posted: Tue Jun 16, 2015 7:20 pm Post subject: Re: Colt: Chapter 11

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.

MacD · Posted: Wed Jun 17, 2015 4:24 am Post subject: Re: Colt: Chapter 11

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.