The Hartford Horsey is undergoing quite a bit of change now.
It’s been steadily slimming down the headcount, with the last round of layoffs last week totaling 75 people. So I hear.
Also, importantly, I am hearing they are moving away from vertical integration (manufacturing their own parts) and moving towards subcontracting. I don’t know what that means for QC and hardcore Colt customers.
I hope Colt can steady the ship in a market characterized by slackening demand (no panic buying) and maybe have enough cash to diversify its product line (with a new non-1911 pistol).
We live in interesting times, especially now that Remington is shopping around for DIP financing ahead of a Ch11 re-org.
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