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Cerberus - Pulling Funding from Gun Manufacturers

Discussion in 'Shooting Related Threads' started by Pre-64, Dec 19, 2012.

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  1. Pre-64

    Pre-64 Banned User Banned

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    Sep 29, 2012
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    Location:
    Wyoming
    The headlines from the Minneapolis Star & Tribune and the New York Times this am.

    http://www.startribune.com/business/184051021.html?refer=y
    http://dealbook.nytimes.com/2012/12/18/cerberus-to-sell-gunmaker-freedom-group/

    You may be interested in looking at this also from the "$$$" angle....
    Seems ironic but the "Californina Teacher's Pension Fund" has a huge stake in the parent company that makes the Bushmaster and Remington and Sturm Ruger and in Smith & Wesson..They're pulling their funds and Bushmaster maybe up for sale?
    Very interesting article.
     
  2. JT 27

    JT 27 Member

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    Dec 13, 2012
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    616
    Cerberus management made the decision to stop rebates for ammunition at this year's Grand. This was the worst year for Remington ammo in over 20 years. Now they are making another poorly based decision. Remington and other gun related divisions of the company will be better off.
     
  3. Leo

    Leo Well-Known Member

    Joined:
    Jan 29, 1998
    Messages:
    3,048
    Ceberus is not a firearms firm. They are a firm that buys companies, juggles things around sucking cash and then dumps them . They do not care if it is firearms, wiskey, shoes or underwear. They will not fight for any industry. They just use a business and move on. That is the kind of business they are in.
     
  4. halfmile

    halfmile Well-Known Member

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    Location:
    Green Bay Wisconsin
    Remingtn primer price..... *gag*

    HM
     
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