Remington Outdoor, the second-largest U.S. gunmaker has suffered a “rapid” and “sharp” deterioration in sales and a similar drop in profits since January, and faces “continued softness in consumer demand for firearms,” credit analysts at Standard & Poor’s Global Ratings said in a report Friday.
The decline may be accounted for by a growing feeling among potential buyers that President Trump, unlike his predecessor, has no intention of trying to erase the Second Amendment and take their guns in the process.
From what I’ve read, gun sales are in fact down across the board since Trump took office, for most all manufacturers and types. Of course, that’s after years of record-shattering highs during the Obama regime, despite his professed deep and abiding affection for hunting and skeet shooting. Of course, shooters know a gun-grabber when they see one, and such phonus-balonus claims are always one of the telltales.
In any event, one truly hates to see Remington suffer, especially after this:
Remington announced a plan for a new state of the art plant in Huntsville, Alabama on February 17, 2014. Remington moved two production lines from the Ilion, New York as a result of the fallout from the New York Safe Act which restricted gun ownership. Huntsville is now building the AR-15/Modern Sporting Rifle (MSR) from Bushmaster, DPMS and Remington Remington R-15 and 1911 style R-1 pistols in the new AL plant which is an $87 million boon for Alabama’s economy. The new plant consolidates Remington’s production to promote efficiency and lower production costs. Experts in the gun industry believe that it is only a matter of time before Remington completely abandons its New York roots for states that are more gun friendly and pro business.
As Bill says, they did the right thing when it counted, as did Taurus back when Bill Clinton sent Albert “Second Shakra” AlGore to threaten them with undefined repercussions unless they started including free trigger locks with every product sold. Taurus, you may recollect, told Gore to get bent in no uncertain terms by including a free year’s NRA membership instead.
I always had a soft spot in my heart for ’em after that. In fact, one of the best guns I ever did own was a Taurus PT92, which I had for a decade or so and put literally thousands of rounds through without a single burp or hitch. I still have an affection for their Millennium .45, which is somewhat dampened by a rumor that their quality control has taken a severe nosedive of late for some reason.
At any rate, if you’re in the market for a boomstick this Christmas, please do consider Remington. They have a long history of making quality hunting and sporting arms behind ’em, and are deserving of our support. It’d be a damnable shame to see them lost as an unintended consequence of not having a gun-grabbing liar infesting the White House anymore.