“After 202 years in business, America’s oldest gun manufacturer, Remington, has filed for Chapter 11 bankruptcy protection.
“The filing by Remington Arms Company and its parent, Remington Outdoors, was disclosed late Sunday night on the website of the United States Bankruptcy Court in Delaware. Details of the filing were not immediately available, but in a note to investors on Friday, the company reported negative operating cash flow as of March 25 of $7.4 million.”
The article suggests that having a Republican prznint was the problem: sales slumped because they couldn’t market that the gun grabbers were comin’ for their arsenals in Possum Hollar.
Additionally, YouTube is going to ban videos promoting gun sales, and maybe more bad news it looks like big banks and other financial institutions are backing away from gun manufacturors in their portfolios.
Keep up the pressure, everyone. The Gundamentalists are on the run.