Colt Defense to file for chapter 11 bankruptcy protection by Monday

[skydivr]

This is what happens when you let a bunch of Wall Street 'investors' run (ruin) your company...

[Outlander Systems]

^^^I've never been to SHOT show, is that what they actually submitted?

Sounds like it's a good thing there are other quality companies on the market (DD, BCM, etc.). If I had to guess, Colt might end up going the way of Marlin, where the old ones are like a fine wine, and the new ones are just plain laughable.

Yezzir.

In my restructuring model for Colt, I suggested a stripped down 1911. When I said stripped down, I mean a USGI model.

Colt's marketing team should've have been fired over that.

[Doc Safari]

When they started selling their AR's through Wal-Mart at human being appropriate prices, I thought maybe they had finally seen the light. I hope Colt doesn't go the way of some other companies where people long for the old quality and won't touch a recently made gun.

[Outlander Systems]

When they started selling their AR's through Wal-Mart at human being appropriate prices, I thought maybe they had finally seen the light. I hope Colt doesn't go the way of some other companies where people long for the old quality and won't touch a recently made gun.

Since they will NOT choose to kick the unions, and move out of state...nor go into R&D mode...this most likely outcome is a reduction In quality. Or someone buying the company for the name,; it will be the equivalent of a Colt-licensed AR15.

[C4IGrant]

Or not come back at all. I am sure I will start a shit storm but I never understood the Colt worship expressed here. The old show ponies vs war horses mantra doesn't turn my crank. My long dead father's most remembered quote... "A girl that doesn't wash her hair probably doesn't wash her ass"

Worship is probably the wrong term. They are standard for a fighting gun (both 1911 and M16/M4). No one wants to see the standard go away.

If you don't like them, that's cool, but realize what they have given to us.

C4

[brickboy240]

Both of my Colt ARs run like the devil. I'd buy another Colt AR in a heartbeat.

Colt's 1911 quality has come and gone in the past but there WERE some really nice Colt 1911s made...otherwise they would have never built their reputation at all.

I have owned a funky Colt 1911 but also have a few Colt 1911s that have been very good shooters.

YMMV

[Outlander Systems]

Both of my Colt ARs run like the devil. I'd buy another Colt AR in a heartbeat.

Colt's 1911 quality has come and gone in the past but there WERE some really nice Colt 1911s made...otherwise they would have never built their reputation at all.

I have owned a funky Colt 1911 but also have a few Colt 1911s that have been very good shooters.

YMMV

The ONLY folks I'd buy a 1911 from again would be Colt and Wilson Combat.

Both my Kimbers were worth about as much as my opinion.

Colt makes great stuff. But they've reached the shit-or-get-off-the-pot point.

[sevenhelmet]

I find it simply amazing that in this era of increasing firearm sales and panic buying that any major household name in firearms is going under.

[brickboy240]

I'd throw Dan Wesson in that mix as well. The 1500 dollar Valor is an amazingly nice 1911 for the money.

the latest Colt 1911s i handled seemed very well put together. I still lust after one of those stainless Series 70 re-makes. They are dead sexy.

[C4IGrant]

This chapter 11 is actually a good thing as Colt will now have money available for R&D and such (as the bulk of their debt will be gone). Currently, Colt has more money to spend on parts and development than ever before. This coupled with tons of foreign Military sales and US commercial business, there is actually a shortage of their products!

About 1.5 years ago, Colt started re-structuring their management team and this will be the group that will help them repair much of the damage done from the past.



C4