Colt

[Phil T]

Colt filed for bankruptcy protection. It was predicted for a long time.

[Custom Eyes]

Yep. The investors sucked it dry and left it to die. Nice salaries and ROI from it they got though.

[jigstop]

I believe they lost the M16 contract with the Army and what else is their that they make that sells? Civilian sales of AR15's are few and far between for Colts as the shooters have switched to other companies for ARs. They make a great 1911 but the market is flooded with 1911s. They don't make any revolvers besides the SAA. I would hate to see Colt go away but they need a much better managment team in place to stay around.

[Phil T]

Colt has a long tradition of bankruptcy. Even Sam Colt himself went broke. This time around they priced themselves out of civilian markets, and the Federal contract ran out.

[Custom Eyes]

I just read an article this week about it and how as sales and revenue went down, the investors kept jacking up their own compensation packages to the point that even if they didn't lose the contract, they would still be insolvent. Mainly because of their compensation packages. Pretty much a deal where the investors already planned on bailing and their best ROI was to suck the company dry right into their wallets, then leave it to die and wrote off the loss. Win-win for them.