Colt’s Manufacturing

By gunwriter “Money is a trash I have always looked down upon that I never had handy to know how to appreciate it.” Samuel Colt Colt’s history dates back to 1836. Despite his common man outlook on money, its founder became one of the richest men in America. It would appear that the powers that be at Colt are continuing their founder’s legacy. If you do not appreciate money, you do not manage it properly. Colt is now in Chapter 11 court. Colt has not been free of bad mistakes in judgement. In 1998 Colt’s then CEO, Ron Stewart, stated that he would favor a federal permit system with training and testing for gun ownership. This was stupid and led to a deserved massive boycott of Colt’s products. Shortly after that Colt purchased Ultra Light Arms from my friend Melvin Forbes and began offering the Colt Light Rifle. Good idea but again bad judgment and poor management prevailed and it wasn’t long until Colt collapsed and Melvin had to buy his company back Since then Colt has continued to try to survive in the market place by offering the three most copied firearms in the world for sale. With your flagship products …read more

Source:: Empty Cases