Is Colt Really Going Bankrupt?

By Rich The New York Times reported last week that legendary firearms manufacturer, Colt, is undergoing something that looks a lot like bankruptcy. Colt is considering two options to avoid running out of operating capital – a bond exchange and a prepacked bankruptcy. Existing bonds would be exchanged for new bonds with longer maturities and higher interest rates. Bondholders would also enjoy …read more

Via:: The Typical Shooter