Colt Defense to file for chapter 11 bankruptcy protection by Monday

[Outlander Systems]

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

Prior poor management is what got them in this mess.

What has saved them has been the use of quality as a competitive weapon.

[C4IGrant]

Prior poor management is what got them in this mess.

What has saved them has been the use of quality as a competitive weapon.

Yes and they have been working on that for about 1 year now.



C4

[WickedWillis]

PREEEEEEEEE-SENTING, the TOP of the line, Colt submission for the largest Firearms Industry Tradeshow in the known universe:

Womp...waaaaaaa

I think that whole platform is a fantastic idea honestly. It may not be shiny and new, but it fills a niche in the market.

[scottryan]

PREEEEEEEEE-SENTING, the TOP of the line, Colt submission for the largest Firearms Industry Tradeshow in the known universe:

Womp...waaaaaaa

The OEM models were specifically speced to compete with BCMs offerings.

They are a step in the right direction.

[Wake27]

I think that whole platform is a fantastic idea honestly. It may not be shiny and new, but it fills a niche in the market.

Agreed, though I think it it a little too high for what it is. So anyone have any guesses on how long it will take them to get everything straight?

[BuzzinSATX]

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

From my perspective, it's not worship, but rather more like nostalgia. Lots of us shot our first AR/M16 in the military, and that was a Colt. Likewise, their 1911 has always been a standard for the company, and many who entered service years ago, or whose parent/uncle/etc. did and came home with their old GI .45 have a soft spot for the Colt company.

But from everything I've read and seen on the company, they're a bastardized, debt laden shell of their former self. They may still turn out solid firearms, but have lacked a "gun culture" in the boardroom to the extent that they're simply a manufacturer whose been rode way too hard and put up wet....

I agree that a move to a gun friendly, right to work state could rekindle the fire, but I'd wager that simply won't happen with the current company leadership. They are playing politics with the Feds and Unions, and screwing debt holders, which will result in the cost of their future debt, assuming they can get it, killing them off for good.

I personally hopes free market forces prevail and the company gets shuttered and sold off for scraps, and that a gun culture savvy investor or company swoops in and buys the name for a song and rebuilds the brand with all the former glory of the old days.

Something like how Springfield Armory's name was branded by Robert Reece in 1974 into what we now know as Springfield Armory Inc.

IMHO, this great American firearms name deserves more respect and support than it will ever see being pimped out for Govt contracts by greedy suits in CT and NY.

Personally, I'd like to see Magpul buy them and bring them under their stellar management team.








Take Care,

Buzz

[C4IGrant]

Agreed, though I think it it a little too high for what it is. So anyone have any guesses on how long it will take them to get everything straight?

It has actually already started. Examples:

1. New management team
2. Unified Colt Commercial and Defense
3. Parts are available (and growing)
4. Commercial Distributors can order NFA
5. Lower prices on 1911's and AR15's

From a financial standpoint/Chapt 11, I would guestimate about 90-120 days for all to be settled. In the meantime, business will be as usual.




C4

[C4IGrant]

From my perspective, it's not worship, but rather more like nostalgia. Lots of us shot our first AR/M16 in the military, and that was a Colt. Likewise, their 1911 has always been a standard for the company, and many who entered service years ago, or whose parent/uncle/etc. did and came home with their old GI .45 have a soft spot for the Colt company.

But from everything I've read and seen on the company, they're a bastardized, debt laden shell of their former self. They may still turn out solid firearms, but have lacked a "gun culture" in the boardroom to the extent that they're simply a manufacturer whose been rode way too hard and put up wet….

That problem ended about 1.5 years ago and continues to improve.

Personally, I'd like to see Magpul buy them and bring them under their stellar management team.

Never happen (to much coin). Colt pretty much already has a buyer as it stands right now.


C4

[Wake27]

I personally hopes free market forces prevail and the company gets shuttered and sold off for scraps, and that a gun culture savvy investor or company swoops in and buys the name for a song and rebuilds the brand with all the former glory of the old days.

Something like how Springfield Armory's name was branded by Robert Reece in 1974 into what we now know as Springfield Armory Inc.

IMHO, this great American firearms name deserves more respect and support than it will ever see being pimped out for Govt contracts by greedy suits in CT and NY.

Personally, I'd like to see Magpul buy them and bring them under their stellar management team.

Or Paul B.

It has actually already started. Examples:

1. New management team
2. Unified Colt Commercial and Defense
3. Parts are available (and growing)
4. Commercial Distributors can order NFA
5. Lower prices on 1911's and AR15's

From a financial standpoint/Chapt 11, I would guestimate about 90-120 days for all to be settled. In the meantime, business will be as usual.




C4

Hopefully. I just want a damn CRG in 9mm. I'm starting to talk about it in threads that have nothing to do with Colt or 1911s...

[Outlander Systems]

Or Paul B.

I didn't state it, but don't think that didn't cross my mind.

Colt's management could learn A LOT from Paul.