sad day--Colt files Chapter 11 bankruptcy

[greybeard]

http://economictimes.indiatimes.com/new ... 674468.cms

Sales dropped 30% last year...

I wonder if Obummer will bail them out like he did government motors?

 

[highgrit]

Colt couldn't or wouldn't keep up with the times.

 

[M.Magis]

I'm afraid they lost my sympathy when they decided the American public shouldn't by buying their guns and sold only to law enforcement and military. When things got tough, they cowered in the corner and knuckled under to the antis.

Edit: After a little more thinking, perhaps my opinion of them is outdated and needs reconsidered. I suppose that the people that made the decision years ago may no longer be the same ones in charge these days. If that's the case, I hope they find a way to work through it. And I hope those that made the decision find themselves flipping burgers.