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Reload this Page Unlikely Angel that saves Colt Firearms...

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Old 07-02-2015, 06:26 PM
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Don't cry yet. They may very well put out a superior quality product. They'll bid and win government contracts at a low premium due to who they are. Hopefully they'll be as savvy in producing quality firearms as they are business men.
There is NO WAY they can put out a higher quality firearm at a competitive price. Colt is bogged down in union wages and oncoming union scale pensions. Their overhead is too high a percentage of their earning potential. They pissed on the American consumer for years, relying on government contracts. When they lost the last contract their finances crumbled and American consumers turned to other firearms. Without government contracts Colt is a dead company. Read the forums, the basic take is F*ck Colt. The Native Americans will get contracts by who they are, not by a better product. Hell, it might pay to dump money on their stock until a week after they sign the first contract. Then sell the stock and buy some Springfield guns.
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Old 07-02-2015, 06:31 PM
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There is NO WAY they can put out a higher quality firearm at a competitive price. Colt is bogged down in union wages and oncoming union scale pensions. Their overhead is too high a percentage of their earning potential. They pissed on the American consumer for years, relying on government contracts. When they lost the last contract their finances crumbled and American consumers turned to other firearms. Without government contracts Colt is a dead company. Read the forums, the basic take is F*ck Colt. The Native Americans will get contracts by who they are, not by a better product. Hell, it might pay to dump money on their stock until a week after they sign the first contract. Then sell the stock and buy some Springfield guns.
But didn't they move to FL to get rid of the union? Maybe I'm confusing them with another venture. I obviously don't know much about their current situation except that they are in deep economical doodoo. I don't understand why they wouldn't be able to put out a quality product if the money is there to do so. Seems the idea is to save the company. I picture it would be hard to do so if they come out of this dark period with a shitty product? Maybe the tribe will prop the company up for stock, then quickly sell it...
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Old 07-02-2015, 06:49 PM
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But didn't they move to FL to get rid of the union? Maybe I'm confusing them with another venture. I obviously don't know much about their current situation except that they are in deep economical doodoo. I don't understand why they wouldn't be able to put out a quality product if the money is there to do so. Seems the idea is to save the company. I picture it would be hard to do so if they come out of this dark period with a shitty product? Maybe the tribe will prop the company up for stock, then quickly sell it...
The parent company is in Hartford, Connecticut. Nope, they didn't move to Florida. They are stuck with high wages, high pensions, high taxes, high rent or land ownership......And their ar's and 1911's are no better than MUCH less expensive ones. Not to mention they stopped producing some great revolvers, like the Python. If they started the revolvers again I wouldn't bother, Dan Wesson has beautiful revolvers.......cheaper. Colt is like having a boat, a hole in the water where you throw money.
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Old 07-02-2015, 10:21 PM
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Joe speaks the truth. Colt Defense moved to Florida, the parent company is still in Yankeeland. I HOPE they turn around...the previous owners borrowed against the companies name, cashed out, and gutted a once proud company
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Old 07-02-2015, 10:25 PM
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...the previous owners borrowed against the companies name, cashed out, and gutted a once proud company
Yep .... BIG time !!
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Old 07-02-2015, 11:46 PM
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Ha, I've gambled in their casino many times. They were one of the first, if not the first Indian tribe to start the "Indian casinos" here in California.

Good for them.

Funny how you didn't see any help from the government, unlike when the auto industry was about to go tits up!
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Old 07-03-2015, 11:55 AM
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Colt went to hell when they thought they could do without the civilian market....They learned the hard way. I am betting they will come back proud and tall. They still build the best 1911's made as far as I am concerned. If you buy one of the new guns that they have produced for MARSOC, you will have one of the best 1911's ever built. I have shot 3 of theem and they are all of that and a bag of donuts.
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Old 07-04-2015, 12:38 AM
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Colt is bogged down in union wages and oncoming union scale pensions.
The Unions will be our downfall. I'm for right to work & free market.
IMHO the unions have gotten out of hand!
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Old 07-04-2015, 08:00 PM
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The Unions will be our downfall. I'm for right to work & free market.
IMHO the unions have gotten out of hand!
Will be? They have been, for some time now. There was a time when the unions were useful, but with all the labor laws in place now, the time for unions has come and gone, but that's just MY 0.02.

Unions protect crappy people from getting fired, especially bad teachers!
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