[SSshane69]

Just saw this and thought some of you might like to know this. Hope it isn't true, but kinda suspect that it is.

http://www.marketwatch.com/story/co...11-bankruptcy-protection-by-monday-2015-06-14

 

[Baddogg5]

Colt has been in limbo for some time

 

[9111315]

They placed their future in the hands of one customer.

 

[blue123]

they turned their nose up at the citizenry and because of that they lost market share so when they needed us again they were too little too late.

 

[PalmettoTree]

Any company dumb enough to stay headquartered in Conn. should go bankrupt.

 

[Flex]

Someone will buy them, the brand is just too valuable to disappear. May be Ruger or Smith and Wesson.

 

[BingoFuelUSN]

Old news at this point. There has been at least one long thread on the subject.
It is a sad state of affairs to lose a company whose brand is intertwined with the growth and defense of our country. But it has been starved to death by people who created personal wealth at the expense of their employees and customers. And was also mismanaged with whatever was left.
It will likely end up like Springfield Arms whose more well known products are built in eastern Europe and foisted on the public as if they were part of a historic U.S. company.
Or worse.
B

 

[B00001]

Colt bankruptcy

News to me, I didn't know they were in trouble. link here

 

[Unobtanium]

It's happened several times before.

 

[dj1975232]

I can't feel bad for a company that has not innovated, instead sucking on the .gov tit.

 

[Fillzee]

GE and other companies are pulling out of CT due to their latest round of tax increases. This would be a good time for Colt to move to a better state... maybe TX. I think those folks like guns down there. :

 

[Robot]

Colt's Union workers didn't help the situation much either.

 

[jpm]

They haven't innovated in decades and are almost entirely dependent on Govt contracts. Even if they come out of it it will only delay the inevitable unless significant changes are made.

Something is terribly wrong if a firearms manufacturer can't turn a profit over the past several years!

 

[lanman_cw]

That generally happens when you charge $1400 for a $700 AR just because it says Colt on it and has a mustang engraved on the lower. But that can be said of their 1911s as well.

 

[PalmettoTree]

Colt's Union workers didn't help the situation much either.

They never do!

 

[DPris]

They've been maneuvering for this for a while & looks like the new plan calls for essentially selling the company back to the same ownership.
Denis

 

[merlinfire]

Prices too high, placed its bets with big government, and lost.

If they'd have produced a colt python at fair market prices they'd have made millions

 

[Preacherboy]

Their rifles have been good, but they really don't make many especially in comparison to other companies.

Their 1911's haven't quite had a good final finished quality lately.

Finally, if they made single actions and other revolvers they would sell the snot out of them. I have a few Colts and mine are all very nice...1911's and 1 AR.

 

[Runamok]

Prices too high, placed its bets with big government, and lost.

If they'd have produced a colt python at fair market prices they'd have made millions

Exactly. If they had half a brain they would introduce "updated" classics. And NOT skimp on the fit and finish. Any company can just throw together some parts. If Colt is smart they stick at being a premier brand and instead improve their already legendary line-up. Some new polymer pistols wouldn't hurt either however.

 

[usmc0331]

Yeah, they were mismanaged to no end, so this isn't a surprise. Hopefully they will come out of this leaner, meaner and with a more diversified product line. I`d hate to see them go away. And for gods sake, bring back the damn Python!