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Old 06-14-2015, 09:27 PM   #1
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Colt Files For Bankruptcy

According to WSJ, Colt will be filing for bankruptcy protection by Monday.
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Old 06-15-2015, 08:34 AM   #2
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Colt Defense Files for Chapter 11 Bankruptcy Protection - WSJ
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Old 06-15-2015, 08:52 AM   #3
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Colt needs a BK, like GM and Chrysler. Clean the books, torch the attic junk, get rid of the lifers, etc.
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Old 06-15-2015, 03:04 PM   #4
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Colt will probably end up being picked up by S&W, or Ruger or some other gun company that's doing good.
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Old 06-15-2015, 03:12 PM   #5
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IMO, if a gun company can't make a profit in the gun-loving, buying frenzy we've seen in the last few years, the first thing they need to do is fire all the executives. Obviously there's some serious mismanagement going on.
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Old 06-15-2015, 03:23 PM   #6
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Originally Posted by Albert.Cairns View Post
Colt will probably end up being picked up by S&W, or Ruger or some other gun company that's doing good.
They don't need to be picked up by anybody. If the judge approves their reorganization plan, they will continue in business with the same management. They could probably discontinue some products, or lay off some employees, but they are likely to be around a while longer, IMO.

Look for handguns with Aluminum or Polymer frames and the Colt logo.



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Old 06-15-2015, 03:25 PM   #7
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I think part of it is they are having a hard time competing with S&W and Bushmaster on their AR models
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Old 06-15-2015, 03:33 PM   #8
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Originally Posted by Insta-Gator View Post
IMO, if a gun company can't make a profit in the gun-loving, buying frenzy we've seen in the last few years, the first thing they need to do is fire all the executives. Obviously there's some serious mismanagement going on.
The company decided to remain with a product line consisting mostly of all-steel pistols, and they are getting their A$$ kicked by companies like Glock, Kimber and Springfield Armory. They must adapt in order to survive. That means non-steel frames and aggressive Marketing. The .380 Mustang is not enough to save them. Also, they seem married to the 5" barrel.



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