[Its very sad to see this company that has served white Americans for so long going bust. Take note in this news article that they cite 2 reasons for it going bust:-
- The Sandy Hook Shooting & the negative (Jewish) (((Liberal))) publicity around it
- The election of Donald Trump – that whites feel safer under the republicans. If you will remember, when the white-hating black communist Obama was elected, it sent gun sales through the roof for years (a good thing!). So I don’t think Trump intended to be negative, but feeling safer just slowed down gun sales.
Sandy Hook and its effects must surely be the result of the Jewish MSM and other Jewish malicious rubbish.
Note to White Americans: Your GUNS are MORE IMPORTANT than your free speech. You can lose your free speech and still survive as long as you have your GUNS!! Never lose your GUNS!! The Jews know that you will be WANTING TO KILL THEM, that is why Bloodberg spent $50 million of his own fortune on Gun Control. The Jews KNOW the WHITE MEN will be wanting to come to kill them in the decades to come! That’s why they’re messing with the 2nd Amendment. Jan]
In a note to investors on Friday, Remington reported negative operating cash flow as of March 25 of $7.4 million, according to CNBC. The company’s CFO Stephen Jackson said in court papers that its sales dropped significantly in the year before its bankruptcy.
Remington said in February it seeks to reduce its $950 million debt by transferring control over the company to creditors. The company plans to end the procedure by May 3.
The company was founded in upstate New York in 1816, but later moved to North Carolina. Remington boasts that it supplied half the ammunition used by the US and its allies in World War I and World War II. In 2007 it was bought by the private equity firm Cerberus Capital Management for $118 million.
Initially, Remington’s sales rose under Cerberus amid a dramatic surge in total gun sales in the US. According to numbers quoted by the New York Times, gun production rose to nearly 8.6 million in 2012 from about 3.3 million in 2002.
Things got worse for the company in 2012 after the shooting at Sandy Hook Elementary School in Newtown, Connecticut. It turned out that the shooter who killed 26 children used a Remington Bushmaster AR-15-style rifle.
Sales also plunged 27.5 percent in the first nine months under Donald Trump’s presidency. Historically, gun sales drop under Republican leadership because there is less fear among gun owners of stricter gun legislation supported by Democrats.