Colt Firearms

[glockman19]

Colt Defense MAY miss a bond payment on November 17, that would put them in default. They would have a 30 day grace period.

The Payment is $10.9 Million and they only have $1 million.

http://www.leveragedloan.com/colt-defense-bonds-hit-lows-following-lost-contract-ratings-warning/

http://www.bloomberg.com/news/2014-11-13/colt-defense-searches-for-financing-as-default-looms.html

[OpticsPlanet]

Wouldn't be the first time they went bankrupt.

Tim G.

[hawks]

This article from May of this year lays out a sorry tale.
http://www.businessweek.com/articles...fter-crisis#p1.

Investment company that owns Colt loaded it up with debt and then took payouts.

[toby]

Really they only have one million BS! And oh well hire stupid people have a failing business.

[JohnCCW]

Hopefully they will go bankrupt and somebody who wants to run the company right, will buy it and start producing quality DA revolvers again.

They are a defense company now, not very consumer friendly- for years and years.

[California44]

Everyone dros a new colt today. Problem solved.

[toby]

Drosing a new Colt would only profit the Commanders in charge and the Co would still go under.

[PolishMike]

This is what it boils down to in my book:

They weren't able to produce enough product when the demand was high and now they are producing a ton when demand is low.

[VegasND]

I love my Colts.

But ...

The company has been horribly mismanaged for quite some time.

[The Gleam]

They are a defense company now, not very consumer friendly- for years and years.

Colt. Because you suck. And we hate you.

[rockblaster]

Own= woodsman and Python, the finest ever! I hope they can pull out of this mess as Colt is iconic.

[russ69]

Colt has missed the cowboy shooting craze, the AR15 boom, the 1911 growth, and classic DA revolver business. They don't deserve to be in business.

[Steve_In_29]

Colt has missed the cowboy shooting craze, the AR15 boom, the 1911 growth, and classic DA revolver business. They don't deserve to be in business.

^^^This!!!

Of course being totally mismanaged sure didn't stop the banks and GM/Chrysler from being saved by tax dollars.