New York Times Wants To See Remington Bought, Run Into The Ground

By Tom Knighton

The New York Times isn’t exactly a place you go to get advice for the firearm industry. After all, most of its reporters have never seen a firearm outside of a police officer’s holster, much less fired one. With that in mind, just how in the hell would it have any real, useful, and meaningful advice for anyone in the firearm industry.

Well, it seems that someone there thinks they know how to fix the entire industry, and they’re hoping a group of banks will step in and buy Remington to implement some of the dumbest ideas out there.

Remington Outdoor, one of the country’s oldest and largest gun makers, is getting ready to emerge from bankruptcy.

The question is whether somebody — anybody — will buy the company, especially at such a politically and emotionally polarized time for the gun industry.

The usual suspects of potential buyers are circling, including rival gun manufacturers like Sturm, Ruger & Company and some small financiers willing to accept whatever criticism would come from buying Remington.

More tantalizing is a pie-in-the-sky idea: whether a beneficent billionaire, like Michael R. Bloomberg, could buy the company and either try …Read the Rest

Source:: Bearing Arms