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Colt warns of possible default, likely to miss $10.9 million payment


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Colt Defense, LLC warns of a bleak financial future. [URL="http://www.guns.com/2014/11/15/colt-warns-of-possible-default-likely-to-miss-10-9-million-payment[/URL]...


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Old 11-15-2014, 03:16 PM   #1 (permalink)
 
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Default Colt warns of possible default, likely to miss $10.9 million payment

Colt Defense, LLC warns of a bleak financial future.

[URL="http://www.guns.com/2014/11/15/colt-warns-of-possible-default-likely-to-miss-10-9-million-payment[/URL]
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Old 11-15-2014, 07:57 PM   #2 (permalink)
 
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I couldn't get that link to take me where I wanted...

Gun Manufacturer Colt Warns of Possible Default - WSJ - WSJ
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Old 11-15-2014, 08:17 PM   #3 (permalink)
 
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Gotto sign in for the full article.
But its kinda sad, but I guess predictable when they lost the big Army contracts.
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Old 11-16-2014, 04:55 PM   #4 (permalink)
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Waiting on government contracts and not civilians for support can hurt you.
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Old 11-23-2014, 07:54 AM   #5 (permalink)
 
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Good article I read on cheaper than dirt blog......Colt Firearms: Is One of the Oldest Gun Makers About to go Bust?
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Old 11-23-2014, 10:20 AM   #6 (permalink)
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Shot themselves in the foot. I have one colt revolver that was made in 1916 and it is a fine piece.
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Old 11-23-2014, 11:12 AM   #7 (permalink)
 
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Yeah it's kinda crazy, you would think that with the colt name nothing would ever malfunction but when u put people in charge that are not business Savoy these are and will continue to happen to the best of bussinessess out there. Still I consider it to be one of the best firearms manufacturer in the world....just my 2 cents
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The laws that forbid the carrying of arms are laws of such a nature. They disarm only those who are neither inclined nor determined to commit crimes.... Such laws make things worse for the assaulted and better for the assailants; they serve rather to encourage than to prevent homicides, for an unarmed man may be attacked with greater confidence than an armed man."
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