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#3086381 - 12/19/12 07:04 AM Cerberus is selling out...
bjohnson
6 Point


Registered: 11/23/10
Posts: 567
Loc: Fort Hood, TX

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http://www.wktv.com/news/local/Remington...-183975641.html

Edited by bjohnson (12/19/12 09:12 AM)
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#3086416 - 12/19/12 07:37 AM Re: Cerebus is selling out... [Re: bjohnson]
corymhoward
6 Point


Registered: 05/04/08
Posts: 872
Loc: Bruceton

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I'm digusted
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#3086492 - 12/19/12 08:16 AM Re: Cerebus is selling out... [Re: corymhoward]
Nhill
8 Point


Registered: 09/30/01
Posts: 1629
Loc: Maryville, TN

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Unfortunately, this is probably a sound business decision based on the prospect that they will have more regulation and bans on their products.
If they are selling the companies, that means that someone is buying them. There will probably be changes, but no one is going to buy a company to just shut it down.

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#3086581 - 12/19/12 09:10 AM Re: Cerebus is selling out... [Re: Nhill]
infoman jr.
10 Point


Registered: 10/05/03
Posts: 3282
Loc: Elizabethtown, KY

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Cerberus is selling based on pressure from their investors. Many of them are funds for teachers' retirement accounts. They have pressured Cerberus to break their ties with FGI, but there is no buyer at this point. I wouldn't call this purely a financial decision. AR-type rifles are only a small part of the FGI portfolio. I do not think there will be major changes due to a new owner.

(These opinions are my own.)
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#3086648 - 12/19/12 09:52 AM Re: Cerebus is selling out... [Re: Nhill]
Wildcat
Non-Typical


Registered: 06/10/00
Posts: 41308
Loc: Western Ky.

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 Originally Posted By: Nhill
Unfortunately, this is probably a sound business decision based on the prospect that they will have more regulation and bans on their products.
If they are selling the companies, that means that someone is buying them. There will probably be changes, but no one is going to buy a company to just shut it down.


Sorry but just because someone is selling something it does not mean anybody is buying. They have to sell it first. If they cannot find any buyers then they close down. So far nobody has come forward to try to buy any of the companies.
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A Government that does not trust its law abiding citizens to keep and bear arms, is itself unworthy of trust..... - James Madison





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#3087008 - 12/19/12 02:04 PM Re: Cerebus is selling out... [Re: Wildcat]
drrxnupe
6 Point


Registered: 02/15/09
Posts: 856
Loc: Nashville, TN & Oxford, MS

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They're in it strictly for the moo-la, not guns. Very wise financial decision in my opinion. Especially seeing as though other gun companies share prices fell 10% on average. If they handled my retirement, I'd want them to off load it too.
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#3087065 - 12/19/12 02:35 PM Re: Cerebus is selling out... [Re: drrxnupe]
corymhoward
6 Point


Registered: 05/04/08
Posts: 872
Loc: Bruceton

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Maybe remington will be good again
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#3087068 - 12/19/12 02:37 PM Re: Cerebus is selling out... [Re: drrxnupe]
Rockhound
10 Point


Registered: 04/04/11
Posts: 2662
Loc: Lawrence Co. TN

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Brandon i seen your sig at lawsons sell this morning lol
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#3087146 - 12/19/12 03:20 PM Re: Cerebus is selling out... [Re: Rockhound]
bjohnson
6 Point


Registered: 11/23/10
Posts: 567
Loc: Fort Hood, TX

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^^^^that's alright I found one here in Texas...hopefully we can keep this ban held off for a month or two...then I'll own it lol.
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It is better to live one day as a lion, than a thousand years as a lamb.

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