Originally Posted by
wicklundrh
I don't think they will go away. If I understand it right, they are filing chapter 11 bankrupcy protection. In part because of their asset to income to debt ratios. Anytime new products are introduced, rather than investing "old" money, they usually look to gain "new" monies to build these products. Unfortunately, after the Sandy Hook issues (yes that reared its ugly head) and the lawsuits stemming from their "bushmaster" line, they have NOT been able to attract any new investors. It isn't So much that they are losing money due to lawsuits or court settlements, but rather the issue with investment companies not wanting to be associated or previous companies that are backing away and distancing themselves.
The sad part is that the bushmaster rifle involved didn't go off on its own, Remington didn't program it to walk in to a location and shoot people, but they are somehow responsible in the eye of public opinion now days. They will continue to stick around and probably be back better than ever.